London close: Shares applaud Mubarak exit
11th Feb 2011 16:51
Shares rallied sharply in the afternoon following strong confidence figures from the US, but it was the announcement that Egyptian president Hosni Mubarak is stepping down that really stirred up excitement. One stock in particular reacted strongly to the announcement. Shares in gold miner Centamin
Read moreLondon afternoon: L&G leads modest advance
11th Feb 2011 14:11
Leading shares are mixed but with a slightly firmer bias after rising over the lunchtime session. Insurer Legal & General (L&G) leads the advance on the back of a positive broker note from Nomura Securities. "We highlight our preference for L&G over Prudential (Reduce), given that we expect Pru to
Read moreMcKay Securities gets NAV uplift
11th Feb 2011 08:11
Real estate investment trust McKay Securities has received an uplift in net asset value per share from favourable movements in long term swap rates. The group has restructured its financial hedging instruments to reduce the notional sum by £50m to £105m, at a cost of £5.93m. The group said the move
Read moreSmall caps round-up: McKay Securities, Burford Capital, Ilika
24th Nov 2010 15:37
McKay Securities, a real estate investment trust (REIT) focussed on commercial property in the South East, saw adjusted pre-tax profit drop to £2.52m in the half year to 30 September, down from £4.12m a year ago. Chairman David Thomas said the proceeds from last year's disposals still haven't been
Read moreMcKay Securities: Letting Market Challenging, Pickup In C London
22nd Jul 2010 07:29
LONDON (Dow Jones)--McKay Securities PLC (MCKS.LN), a specialist South East real estate investment trust, said Thursday that as reported in June, the letting market remains challenging but the pick up in occupier enquiries referred to at that time for Group properties available to let has been susta
Read moreMcKay Securities Completes 3 Office Lettings For GBP0.1M Per Year
15th Jul 2010 08:03
LONDON (Dow Jones)--McKay Securities PLC (MCKS.LN), a Real Estate Investment Trust focused on developing and investing in commercial property in the South East, said Thursday it has completed three office lettings totaling 13,125 sq ft at 30/32 Lombard Street, London, EC3, with a combined contracted
Read moreMARKET TALK: UBS Decreases McKay Securities Price Target
21st Jun 2010 10:52
0952 GMT [Dow Jones] UBS decreases McKay Securities (MCKS.LN) price target to 165p from 200p reflecting the weaker earnings outlook and expected lack of upcoming catalysts. The company's FY '10 pre-exceptional profits are 6% below the brokerage's estimates, largely due to higher administration costs
Read moreMcKay offloads Staines office complex
22nd Oct 2009 11:06
Real estate investment trust McKay Securities has sold off an office property in Staines, Middlesex, to Legal & General Investment Management. The property group achieved a price of £24.23m for Lotus Park, a sum 4% higher than the end-March book value of the office complex. The funds from the sale
Read more