Redefine International announces potential share placing
28th Jan 2016 11:10
(ShareCast News) - Redefine International announced a potential share placing to raise in excess of £100m to finance the second tranche of its acquisition of the AUK Portfolio announced back in September. The property investor said the second tranche of the acquisition now comprises nine properties,
Read moreRedefine International acquires 25% stake in International Hotel Group
15th Oct 2015 08:25
(ShareCast News) - Redefine International has acquired a 25.35% stake in hotel and leisure focused property investment company International Hotel Group Limited (IHGL). The FTSE 250 real estate investment trust announced on Thursday it acquired the stake for £3.8m. Redefine chief executive Mike Wat
Read moreRedefine International to buy AUK Portfolio from Aegon for £437.2m
7th Sep 2015 08:00
(ShareCast News) - Real estate investment trust Redefine International has reached a conditional agreement to acquire the AUK Portfolio of Aegon UK Property Fund through its wholly-owned subsidiary, Redefine AUK, for £437.2m. The AUK portfolio comprises 19 properties valued at £439.9m. Of these, six
Read moreFTSE 250 movers: Halfords punctured after trading update
2nd Sep 2015 13:34
(ShareCast News) - The FTSE 250 was down slightly, with the index of mid-cap shares down 16.3 points, or 0.10% at 16,813. Halfords shares were punctured on news that after it said cycling sales fell 11% in the eight weeks to 28 August and are likely to be below current expectations for the quarte
Read moreFTSE 250 movers: Rentokil rallies on acquisition, Man Group drops on press report
1st Sep 2015 14:28
(ShareCast News) - London's mid-cap index was in the red on Tuesday as weak Chinese and UK manufacturing figures weighed on sentiment. At 1440 BST, the index was down 1.8% at 16,807.07. OneSavings Bank was the standout gainer after Numis raised its forecasts and target price on the stock following s
Read moreRedefine sells remaining stake in Cromwell Group
1st Sep 2015 10:51
(ShareCast News) - Real estate investment trust Redefine International has sold its remaining stake in the Cromwell Property Group, held through its fully-owned subsidiary Redefine Australian Investments, in line with its strategy to dispose of non-core assets. Macquarie Bank sold the shares through
Read moreFTSE 250 movers: Vedanta rallies but Lonmin slumps in tandem with platinum prices
4th Aug 2015 14:25
(ShareCast News) - London's FTSE 250 was trading little changed at 1420 BST, up just 0.1% at 17,686.96. Miner Vedanta Resources was the biggest gainer on the index, as investors took the chance to buy back into the stock following heavy falls in recent days. Vedanta was under pressure last week afte
Read moreRedefine International reshuffles board
4th Aug 2015 10:09
(ShareCast News) - Real estate investment trust Redefine International has appointed Donald Grant as its new chief financial officer. In a short statement released on Tuesday, the FTSE 250 group added Elisabeth Stheeman will step down from her role as independent non-executive director due to the em
Read moreRedefine International posts interim profit rise, hikes dividend
29th Apr 2015 10:43
Real estate investor group Redefine International said progress across its development and asset management plans drove its first half profit up. The London-listed company reported a £35.2m profit attributable to shareholders in the six months to the end of February, compared with a £0.9m loss it ma
Read moreFTSE 250 movers: Rightmove up on strong annual results, IMI struggles with demand and currency
27th Feb 2015 15:14
Rightmove was top of the risers as Cannacord Genuity upgraded its rating on the stock from 'hold' to 'buy' on better-than-expected annual results. The broker also hiked its target price for the shares from 2,600p to 3,034p and said it still sees 13% potential upside to this new forecast. Laundry ser
Read moreRedefine International plans major fundraising
27th Feb 2015 12:38
Shares in Redefine International were lower on Friday as the property investor said it was going to raise funds by issuing almost 10% more new shares. The FTSE 250 real estate investment trust (REIT), which also said it had signed a lease with Primark, will issue up to 131.4m new shares, representin
Read moreRedefine International finance chief quits
29th Dec 2014 10:30
Real estate investment trust Redefine International has announced the departure of its finance chief. Redefine said chief financial officer Andrew Rowell had resigned as a director of the company to take up a similar role abroad. Rowell will step down from the board once an appropriate successor ha
Read moreRedefine International wins contract to manage 22 hotels
19th Nov 2014 10:52
Real estate investment trust Redefine International has been appointed to manage a portfolio of 22 hotels on behalf of LRG Acquisition (LRG). The deal will establish subsidiary Redefine BDL Hotel Group, in which the company holds a 25.28% stake, as the UK's largest independent hotel management team.
Read moreTuesday broker round-up UPDATE
18th Mar 2014 08:58
Antofagasta: Investec places its target price (prev.: 753p) under review, while leaving its sell recommendation unchanged. Ashtead Group: Credit Suisse raises target price from 1000p to 1100p and stays with its outperform rating. UBS increases target price from 875p to 1020p retaining its buy recom
Read moreRedefine International associate unveils details of capital raising
29th May 2013 10:46
Property investment firm Redefine International has reported that its associate company, the Cromwell Property Group, has released details of a 250m Australian dollars (AUD) capital raising to partially fund the AUD405m acquisition of the New South Wales State Government Portfolio and to repay exist
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