Tuesday tips round-up Amlin, NewRiver Retail
25th Aug 2015 10:25
(ShareCast News) - The Times' Tempus said investors should hold shares in Amlin as it had an attractive dividend yield and special payouts were possible. Amlin was one of only five listed Lloyd's of London insurances in a consolidating market, which has accelerated in the past two years. "With the
Read morePunch Taverns agrees to sell 158 pubs for £53.5m
24th Aug 2015 08:40
(ShareCast News) - Punch Taverns said it had reached an £53.5m agreement with a real estate trust to sell 158 pubs it deemed 'non-core.' The pub operator said the sale of the pubs to NewRiver Retail was at an average of £340,000 per pub, above total book value of £52.5m. In a statement, Punch said
Read moreSunday newspaper round-up: RBS stake sale, Arriva return, IHG deals eyed
2nd Aug 2015 15:19
(ShareCast News) - The government may begin the process of selling down its 79% stake in Royal Bank of Scotland this week at the behest of Chancellor George Osborne. A sale of a £2.5bn chunk of shares, equivalent to 6% of the company, could begin in the coming days, the Sunday Times said. The Treasu
Read moreNewRiver Retail invests £120m on acqusitions
21st Jul 2015 10:59
(ShareCast News) - Real estate investment trust NewRiver Retail has completed three acquisitions worth a combined £121m. The group, which had recently raised £150m, has acquired the Ramsay Retail Warehouse portfolio for £69.1m, which equals a net initial yield of 8% on the income producing assets.
Read moreNewRiver buys Ramsay Retail for £69.1m
13th Jul 2015 12:37
(ShareCast News) - NewRiver Retail has acquired Ramsay Retail Warehouse for £69.1m. The retail property investment and active asset management group said the purchase equates to a net initial yield of 8% on the income producing assets. Ramsay Retail will be acquired from a foodstore operator after
Read moreNewRiver Retail to pay first quarterly dividend, proposes placing
19th Jun 2015 08:22
UK real estate investment trust (REIT) NewRiver Retail has announced its first quarterly dividend and proposed plans for a 300p a share placing that would raise gross proceeds of £150m. The funds would be used to acquire the remainder of both Trent Jersey property unit trust (JPUT) and Camel III JPU
Read moreNewRiver Retail buys shopping centre portfolio for £19m
18th Dec 2014 07:53
Shopping centre investor NewRiver Retail is buying a retail portfolio including a mall in north-west England for £19m. NewRiver said it has completed contracts to buy the Sands Portfolio, which includes the £14m Arndale shopping centre in Morecambe and five UK high street assets, resulting in a net
Read moreNewRiver Retail raises £75m to fund shopping mall deal
3rd Dec 2014 09:29
Shopping mall investor NewRiver Retail is raising up to £75m in a share placing to fund its £71m purchase of the remaining 90% of a shopping centre joint venture from LVS Luxembourg. NewRiver plans to use the cash from the placing to finance the acquisition of a portfolio comprising five shopping ce
Read moreNewRiver Retail acquires four retail parks for £17.3m
11th Jun 2014 08:52
AIM-listed property group NewRiver Retail has acquired four retail park properties, called the Linear Portfolio, for £17.3m. The properties, which were purchased from a UK institution, compromise 196,300 sq ft of lettable space, and is expected to generate annual rent of £1.6m. The buildings have
Read moreNewRiver wins Co-op convenience store deal
7th Apr 2014 14:44
The Co-operative Group has signed an agreement with shopping centre owner and manager NewRiver Retail to lease 54 convenience stores based on its existing portfolio of pubs and neighbouring land. The two companies have agreed to a phased development programme over two years that will create almost
Read moreMonday broker round-up UPDATE
24th Feb 2014 08:15
Associated British Foods: Numis downgrades from reduce to sell with a target price of 2240p. Panmure Gordon raises target price from 2500p to 2760p and maintains a hold recommendation. Jefferies increases target price from 2450p to 2600p and keeps a hold recommendation. Aviva: JP Morgan shifts targ
Read moreNew River Retail buys UK shopping malls for 24m pounds
4th Dec 2013 07:54
Property group NewRiver Retail has bought three UK shopping centres for about 24m pounds. Real estate investment trust NewRiver has acquired the portfolio in Scotland and north-east England from its administrators Zolfo Cooper. Zolfo appointed NewRiver as asset manager of the estate when it was pl
Read moreThursday broker round-up UPDATE
28th Nov 2013 08:23
Anglo American: Liberum Capital upgrades to hold with a target price of 1150p. Associated British Foods: Jefferies increases target price from 1750p to 2400p, while staying with its hold recommendation. Beazley: Canaccord Genuity ups target price from 260p to 270p leaving its buy recommendation un
Read moreNewRiver claims compelling opportunity for retail real estate
4th Jul 2013 10:36
Retail property investor NewRiver Retail has impressed investors with a bullish statement at its annual general meeting. Despite the often-claimed moribund outlook for High Street retail, Chairman Paul Roy reported the sector was dynamic and remained crucial to the UK economy. With acquisition yie
Read moreThursday broker round-up UPDATE
23rd May 2013 08:35
Amara Mining: Numis lowers target price from 80p to 70p, while keeping a buy recommendation. ARM Holdings: Exane downgrades to neutral with a target price of 1000p. Aveva: Panmure Gordon raises target price from 1900p to 2076p and retains a hold recommendation. Canaccord Genuity increases target p
Read more