SEGRO offloads six London industrial estates
29th Sep 2011 11:27
Industrial property company SEGRO has sold six industrial estates in Greater London to Legal and General Property for £38.2m. The disposed of portfolio comprises six multi-let freehold industrial estates at various locations across London, including three in Park Royal, northwest London, providing
Read moreTuesday tips round-up: Ricardo, Aggreko, Reed Elsevier
27th Sep 2011 06:48
Ricardo has never been busier turning out the sort of supercars that would seem to be out of the price range of anyone barring investment bankers and Russian oligarchs. The company's performance products division, which is the part of Ricardo that actually makes things as opposed to advising how to,
Read moreWolfson chairman cashes chips
24th Aug 2011 17:20
Michael Ruettgers, chairman of the semiconductor supplier Wolfson Microelectronics, has pocketed nearly £190,000 from the sale of shares. He offloaded 120,683 shares at 155.4p a pop, and now has 479,317. Wolfson, whose chips are used in smartphones and tablet computers, issued two profit warnings
Read moreWednesday tips round-up: G4S, Segro, Spirax-Sarco
24th Aug 2011 07:03
G4S, which notched up a resilient performance during the recession, is growing steadily in most of its markets, and that is likely to continue, according to the Investment Column at the Independent. Just look at the UK: the FTSE 100-listed business has lost its contract to transport prisoners to and
Read moreLondon midday: Stocks stay buoyant as bid talks boost Charter
23rd Aug 2011 12:09
The FTSE 100 remains buoyant, with some action on the mergers & acquisitions front giving traders another distraction from ongoing global economic concerns. Engineering group Charter International has confirmed speculation that it has received a second offer following a previous one from rival Melr
Read moreLondon open: FTSE 100 gains as Antofagasta and G4S impress
23rd Aug 2011 08:24
The top share index has continued its rally with the recent gloom seemingly giving way to cautious optimism. Miners are in demand amid a perception that recent falls on worries over global economic growth may be overdone. Among the risers is South America-focused copper group Antofagasta which pos
Read moreSegro confident despite tough conditions
23rd Aug 2011 07:24
Real estate group Segro posted a 56.6% drop in half year pre-tax profit while rental income fell 6.1% as occupier markets recover slowly. Pre-tax profit fell to £64.6m in the six months ended 30 June 2011 from £148.9m the same a year earlier. Net rental income fell to £135.5m during the period from
Read moreMixed bag for SEGRO
28th Apr 2011 17:18
Property group SEGRO saw an encouraging revival in its retention rate in the first quarter, despite continuing tough market conditions, though the number of customers giving up their leases remains a concern. In the UK, the vacancy rate (expressed as a percentage of rental value) dipped to 13.2% at
Read moreBroker tips: Segro, DMGT, GKN
30th Mar 2011 13:03
After five "Golden Years" between 2005-10, property company Segro is now facing a period of intensive asset management challenges, according to Credit Suisse. "We envisage Segro's efforts to reduce its high vacancy level (12% at group level) will increasingly prompt leasing deals that undermine its
Read moreBroker snap: Reasons to remain cautious at Segro
30th Mar 2011 12:58
After five "Golden Years" between 2005-10, property company Segro is now facing a period of intensive asset management challenges, according to Credit Suisse. "We envisage Segro's efforts to reduce its high vacancy level (12% at group level) will increasingly prompt leasing deals that undermine its
Read moreSEGRO's NAV growth fails to impress
24th Feb 2011 15:47
Property company SEGRO saw net asset value (NAV) per share grow 3.4% in 2010 and trimmed its vacancy rate to 12.0% at the end of the year from 13.5% at the end of 2009. NAV per share rose from 354p at the end of 2009 to 366p at the end of 2010. Adjusted NAV per share - calculated using the European
Read moreLondon close: Footsie finishes above 6,000
24th Dec 2010 12:55
A late spurt by Footsie in the truncated afternoon trading session did the headline writers a favour and pushed the blue-chip index above the 6,000 level. Trading volumes were low, and corporate news was as thin as the veneer of snow still covering large parts of Britain. Struggling sportswear r
Read moreSegro completes Treforest Industrial Estate sale
24th Dec 2010 11:48
Real estate group Segro has completed the sale of the Treforest Industrial Estate near Cardiff to Hansteen Property Unit Trust (HPUT) for £27.7m. The Treforest Industrial Estate comprises 124 properties with a total lettable area of 85,300 sq m. It currently has a vacancy rate of 25% and a weighte
Read moreLondon close: Flat finish
16th Dec 2010 16:33
It was hard going for the leading index Thursday, with gains among some of the more unfashionable blue chip names just about cancelling losses at BP and heavyweight miners. The FTSE 100 struck a new 2½-year intraday high early in the session, but that was as good as it got, and only a sudden improv
Read moreLondon afternoon: No US lift for FTSE 100
16th Dec 2010 14:54
Footsie is still looking for direction following a mixed start on Wall Street. Oil giant BP is under pressure after news last night that the US government is to sue over the Gulf of Mexico oil spill It filed a civil lawsuit against BP and eight other companies over the Deepwater Horizon oil rig exp
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