London midday: Footsie off highs as BP declines
16th Dec 2010 12:05
Footsie remains below the 5,900 point mark having earlier surpassed that level to hit 2½-year highs, with BP still holding the leading share index back. The oil giant is under pressure after news last night that the US government is to sue BP over the Gulf of Mexico oil spill It filed a civil lawsu
Read moreSegro picks FD Sleath as new CEO
16th Dec 2010 08:05
Real estate company Segro, formerly Slough Estates, has shifted finance director David Sleath into the hot seat to replace Ian Coull who retires after the AGM in April. Sleath, 49, has been the company's chief number cruncher since 1 January 2006, and his switch triggers a hunt for a new FD. Befor
Read moreTuesday tips round-up: Robert Wiseman, Lonmin, Segro
16th Nov 2010 06:49
Yesterday, Robert Wiseman, the milk producer, which counts Tesco, Sainsbury's and the Co-operative Group among its customers, reiterated that it faced a "period of intense competition" which will inevitably squeeze margins as it churned out a 2.7% fall in pre-tax profits to £21m for the six months t
Read moreSlow improvement at Segro
15th Nov 2010 07:54
Lettings rose and the voids fell in the pat three months at property developer Segro, but space becoming empty also picked up. The overall group vacancy rate reduced by 0.6 percentage points in the period to September to 13.4%. In the UK, the vacancy rate improved from 14.7% to 14.5% in the quarte
Read moreAsia Citrus director makes juicy share sale
18th Oct 2010 17:35
Cheung Wai Sun, an executive director Asian Citrus, the largest orange plantation owner in China, has pocketed more than £6.7m from a share sale. He sold 60,000 shares at HK$9.34 (75.5p) and 30,000 at $9.25. He still has options over 1.32m shares. Asian Citrus has two plantations, one of about 30.
Read moreSegro chief quits to chair Galliford Try
15th Oct 2010 07:51
Segro's chief executive Ian Coull is leaving the real estate giant after almost eight years to become chairman of housebuilder Galliford Try. Coull, who's said he'll step down once a replacement is found, will join the Galliford board as a non-executive director on 8 November and take the chairman'
Read moreFTSE 100 movers: Banks lead index higher
9th Sep 2010 15:52
Banks are leading the Footsie's rise with Barclays and RBS topping the best performers. Lloyds is also boosted by the sale of its debt holding in housebuilder Crest Nicholson. Miners such as Xstrata and Vedanta are recovering even though metals prices are weak. Chip designer ARM continues to r
Read moreThree join Footsie in quarterly changes
8th Sep 2010 18:06
Insurer Resolution, pumps manufacturer Weir and engineer Tomkins are replacing Home Retail, Segro and Cable & Wireless Worldwide in the FTSE 100 index. The changes will come into effect on 20 September. Tomkins is unlikely to stay in the Footsie for long because its board has recommended a 325p
Read moreFTSE 100 movers: ARM recommended
8th Sep 2010 14:59
Broker UBS has issued a downbeat assessment of the European semiconductor market but it makes an exception with chip designer ARM, and has raised its price target for the Cambridge-based firm from 305p to 370p a share. There is also speculation that Samsung is choosing to use ARM technology in new p
Read moreFTSE 100 movers: Standard strong ahead of interims
3rd Aug 2010 15:44
Financials are generally strong but Footsie is still lower on the day. Standard Chartered is strong ahead of tomorrow's interim results. Man Group, Standard Life and Prudential are also higher. Banking group Investec is heading in the other direction after it raised £104.5m through a placing at 4
Read moreFTSE 100 movers: Investors pleased by BT deal
9th Jul 2010 15:31
Footsie is moving higher helped by good news from BT Group. BT Group is higher after it agreed a new pay deal with the Communications Workers Union. This removes the threat of a strike. CWU members will receive a 3% annual pay increase backdated to January 2010 and lasting until March 2013. Citig
Read moreSegro To Delist From NYSE Euronext Paris >SGRO.LN
24th Jun 2010 08:05
LONDON (Dow Jones)--Segro PLC (SGRO.LN), a real estate investment trust which provides flexible business space, operating from a network of offices across 10 countries, said Thursday it has applied for the delisting of its shares from NYSE Euronext due, in part, to the low volume of transactions in
Read moreSegro sells £237m of assets into Aviva JV
22nd Jun 2010 07:27
Real estate giant Segro will today complete the acquisition of BAA's 50% interest in the Airport Property Partnership (APP) joint venture with Aviva Investors, and sell assets from its existing portfolio into APP for £237m cash. The deal, first announced in April, cost Segro, formerly Slough Estate
Read moreSegro To Complete Buy Of 50% Airport Property Partnership Stake
22nd Jun 2010 07:16
LONDON (Dow Jones)--Segro PLC (SGRO.LN), a provider of flexible business space, said Tuesday it will complete the acquisition of BAA's 50% interest in the Airport Property Partnership, the joint venture with Aviva Investors, later Tuesday. MAIN FACTS: -Segro also announces it has agreed with
Read moreSegro Plc Acquisition
22nd Jun 2010 07:00
TIDMSGRO RNS Number : 0066O SEGRO PLC 22 June 2010 ? 22 June 2010 SEGRO Completes Acquisition of 50% Stake in Airport Property Partnership and Agrees to sell GBP237m of assets to APP SEGRO plc, Europe's leading provider of flexible business space, announces that it will, to
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