INTERVIEW - Lok'n'Store eyes expansion as economy recovers
20th Oct 2014 11:57
Self-storage group Lok'n'Store is eyeing expansion after the economic recovery boosted its trading this year. The group has 24 storage centres in southern England and sees potential for that to rise to about 50 even without moving out of areas where it already trades, chief executive Andrew Jacobs s
Read moreStrong trading boosts Lok'n'Store profits and dividends
20th Oct 2014 08:47
Strong trading has helped self-storage group Lok'n'Store to post higher annual profits and dividends. Lok'n'Store said its business got better in the second half of the year, boosted by more new and purpose-built storage centres. A new flagship store in Maidenhead, which opened in December, was tra
Read moreLok'nStore H1 profit powers ahead
28th Apr 2014 08:37
- Robust first-half trading, 20 per cent dividend hike - Five new stores planned over next 18 months - Confident for future trading Self-storage firm Lok'nStore reported improved revenue for the first half of its financial year and said trading has accelerated in recent months. Group revenue for t
Read moreSports Direct non-exec sells over half his stake
25th Feb 2014 15:48
Simon Bentley, a Non-Executive Director at Sports Direct International, on Tuesday sold 15,000 shares in the FTSE 100-listed retailer, reducing his stake to just 10,000. The director, who sold the shares for 792.50p a piece, was able to benefit from the recent strong rise in the group's share pric
Read moreHutchison China MediPharma director takes stake in company
16th Oct 2013 16:19
Edith Shih, a Non-Executive Director and Company Secretary of Hutchison China MediPharma, acquired 20,000 shares in the firm, which is the holding company of a healthcare group based primarily in China and focused on researching, developing, manufacturing and selling pharmaceuticals and health orien
Read moreMonday broker round-up UPDATE
14th Oct 2013 08:46
Admiral Group: JP Morgan cuts target price from 1122p to 1022p maintaining an underweight rating. Balfour Beatty: Numis increases target price from 285p to 315p and stays with its add rating. Bankers Petroleum: Goldman Sachs takes target price from 365p to 379p and reiterates a buy recommendation.
Read moreLok'n Store lifts revenue, hikes dividend
14th Oct 2013 08:31
Self-storage firm Lok'n Store booked a slight increase in full year revenue and underlined its confidence in future trading with a 20 per cent increase in its dividend payment. Net asset value per share for the year ended July 31st increased 8.8% to £2.48 while revenue climbed 1.6% to £12.97m. Ad
Read moreFormer Diageo CEO sells 3.9m-pound stake
1st Aug 2013 15:50
Paul Walsh, the former Chief Executive Officer (CEO) of Diageo who now serves on the board as an advisor, sold nearly four million pounds of shares in the drinks giant on Thursday, just one day after the Guinness maker impressed the market with a solid increase in annual net sales. Walsh, who was
Read moreITV CEO sells 2.3m shares post exercise
30th Apr 2013 16:22
ITV's Chief Executive, Adam Crozier, has exercised options over 3.6m shares and subsequently sold 2.3m of them, it was announced Tuesday. Crozier, whose total holding now stands at just under 1.56m shares, disposed of the shares at 127.1p each, pocketing a total of £3.0m. One week ago ITV acquir
Read moreLok'n'Store profit soars
22nd Apr 2013 08:49
Self-storage firm Lok'n'Store ramped up half year profit and underlined its confidence in future trading with an increased dividend payment. Pre-tax profit soared 64.2% to £0.77m in the six months to January 31st 2013 from the same time a year earlier while revenue increased to £6.55m from £6.41m a
Read moreLok'n Store robust trading continues
18th Feb 2013 07:17
Self-storage firm Lok'n'Store said trading for the first half of the financial year has been in line with expectations. The group said strong occupancy growth supported by VAT changes helped trading for the year to January 31st 2013, with revenue for the period up 2.2% on last year. "Our lead indi
Read moreGalliford Try CEO reduces stake in company after upbeat update
15th Nov 2012 16:48
Greg Fitzgerald, the Chief Executive of Galliford Try, the FTSE 250 building group, has reduced his stake in the company by 300,000 shares just a week after announcing the group is now 'well positioned to deliver further profitable growth'. Fitzgerald, who has occupied the role of CEO since 2005,
Read moreBarclays Chairman boosts stake after results fail to impress
1st Nov 2012 16:01
Sir David Walker, the newly-installed Chairman of Barclays, has swelled his stake in the company with the addition of 50,000 shares just one day after the company delivered a rise in adjusted third-quarter pre-tax profit. Walker added 50,000 shares at 230.19p each, taking his share in the company
Read moreLok'n'Store ramps up divi
29th Oct 2012 09:43
Storage barn operator Lok'n'Store has rebased its dividend and for once, the term refers to a substantial increase in pay-outs, not a poorly-disguised dividend cut. "The board has decided to significantly increase the dividend to 5p for the full year, and it is intended that the company's future di
Read moreWednesday broker round-up
15th Aug 2012 09:47
AB Foods: UBS raises target from 1,330p to 1,400p, buy rating unchanged. AVEVA: Jefferies ups target from 1,800p to 2,300p, buy recommendation maintained. Balfour Beatty: Investec maintains sell rating and 210p target. CLS Holdings: Peel Hunt ups target from 639p to 720p, hold rating kept. CRH:
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