Take no action on Thalassa offer, says Local Shopping REIT board
7th Mar 2019 09:26
(Sharecast News) - The Local Shopping REIT responded to an offer for the company's shares from Thalassa on Thursday, recommending its shareholders took no action on the offer.
Read moreThalassa considering takeover of The Local Shopping REIT
9th Jan 2019 09:28
(Sharecast News) - Thalassa announced a possible offer for The Local Shopping REIT (LSR) on Wednesday, following an update from that company on 12 December, which confirmed the failure of proposals including a members' voluntary liquidation (MVL).
Read moreLocal Shopping rescue plan continues with property disposals
17th Dec 2015 11:53
(ShareCast News) - Local Shopping's rescue plan continued apace on Thursday, as the real estate investment trust updated the market on the last 12 months. The FTSE Fledgling Index-listed property investment firm, which specialises in convenience store units, posted its audited results for the year e
Read moreNext Fifteen CEO sells after upbeat trading statement
21st Jan 2014 16:45
Timothy Dyson, the Chief Executive Officer of Next Fifteen Communications, the global digital marketing and PR firm, disposed of 77,997 shares on Tuesday, although his stake still stands at a sizeable 5.072m shares, equivalent to an 8.35 per cent stake. The shares were sold for 86p each, generatin
Read moreLocal Shopping dives on full-year loss and reduction to NAV
4th Dec 2013 10:09
Local Shopping, a real estate investment trust, saw its share price plunge around 15 per cent on Wednesday after posting a pre-tax loss for the year ended September 30th, along with a significant reduction in its net asset value (NAV). The loss for the 12 month period totalled £6.07m, down from £9
Read moreLocal Shopping REIT: Average uplift on rental incomes up 9.0% in four months
8th Feb 2013 11:10
UK real estate investment trust, Local Shopping REIT, has reported a 9.0 per cent average uplift on rent reviews in the four months to January 31st, an interim management statement has disclosed. The group reported an annualised rent roll from the core portfolio maintained at £16m. It stated that
Read moreLocal Shopping puts up 'for sale' sign
12th Nov 2012 10:32
Local Shopping REIT has put itself up for sale after struggling to grow the business during a period of recurring recessions. The real estate investment trust (REIT) was established with the aim of becoming a market leading owner of shops in the UK, but things have not gone to plan, resulting in th
Read moreLSR sees regional retail variations
26th May 2011 12:54
The chairman of retail property group Local Shopping Reit said the company's wide geographic spread should help it cope with some regions of the country suffering more than others as the fiscal squeeze takes effect. The company, which owns convenience stores and other properties, said gross rental
Read moreLocal Shopping NAV falls 1.4%
2nd Dec 2010 07:22
Local shop portfolio owner Local Shopping said trading conditions remain tough for its tenants as it reported a 1.4% drop in net asset value to 70p or £57.6m. Chairman Grahame Whateley commented, "Despite challenging trading conditions, our business model, with its diversified tenant base, continue
Read moreSmall caps round-up: Landore Resources, TXO, Aortech...
3rd Dec 2009 08:49
Shares in Landore Resources jumped after the Canadian miner said it made a 'significant gold discovery' in its Junior Lake property in the province of Ontario. Shares in Texas-focused oil and gas firm TXO slumped after it said oil production in the six months to September 30 fell to 13,221 barrels
Read moreLocal Shopping voids steady
7th Aug 2009 07:45
Retail property group Local Shopping kept the percentage of empty premises or voids steady in the four months to July, though the market remains tough. The overall void rate was unchanged at 11.8% at end July, Within this, residential voids fell to 0.8% (March 2009: 1.1%), deliberate voids remained
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