St. Modwen Properties sees FY in line
3rd Dec 2012 07:07
Regeneration specialist St. Modwen Properties said expectations for the full year remain unchanged after strong momentum across the entire group. The group, which has increased its focus on the residential market, said its residential business is moving from strength to strength, with good sales ra
Read moreLondon close: Stocks stage late rally but sentiment still fragile
13th Nov 2012 16:57
- Greece granted two more years to meet target - German sentiment worsens in November - ITV soars nine per cent after third-quarter figures A positive start on Wall Street prompted a rally for equity markets this side of the Atlantic on Tuesday afternoon, as investors temporarily shrugged off conce
Read moreFTSE 250 movers: Talvivaara continues to take a hit
13th Nov 2012 15:34
Nickel miner Talvivaara was significantly lower as speculation about last week's gypsum pond leakage at its project in Finland continues to pressure the stock. Speaking overnight to Finnish broadcaster Yle's current affairs programme A-studio, Talvivaara Chief Executive Harri Natunen said that taxpa
Read moreThursday tips round-up: Standard Life, Lonmin, St Modwen
1st Nov 2012 06:44
Tempus in The Times writes that Standard Life has had a fabulous run over the past five months with its shares soaring 40 per cent. Although yesterday's third-quarter figures were a mixed bag, there were enough encouraging signs to keep analysts largely content. Its recent appeal is because it loo
Read moreWednesday broker round-up
12th Sep 2012 08:54
African Minerals: Jefferies keeps buy rating and 550p target. Ashmore: UBS raises target from 370p to 390p, buy rating kept. ASOS: Panmure Gordon lifts tagged from 2,179p to 2,378p, buy rating kept. Barratt Developments: Panmure Gordon keeps buy rating and 190p target; Jefferies keeps buy rating
Read moreSt. Modwen Properties increases first half NAV
3rd Jul 2012 07:46
Regeneration specialist St. Modwen Properties said NAV per share increased 5 per cent to 244p in the six months to 31 May 2012 and remains confident of growth through 2012 and beyond. The land developer said the year has started very well, despite the on-going challenges posed by the wider economy
Read moreThursday tips round-up: SSE, BTG, St Modwen
5th Apr 2012 06:52
In the Telegraph, Questor flirts with utility company SSE (formerly Scottish and Southern Energy). It said last week it was committed to dividend increases 2% above RPI, since then it has announced several big projects including the financial close on its Yorkshire waste contract worth £750m and a
Read moreSt Modwen's Oliver says 'More, please'
8th Feb 2012 15:18
With its full year results out of the way on Tuesday, directors at property regeneration specialist St Modwen wasted little time in diving into the market to buy shares in the fast rising stock. Construction Director Steve Burke built up his stake with the purchase of 35,904 shares at a cost of £54
Read moreSt. Modwen sees strong rise in profits
7th Feb 2012 13:08
Property regeneration specialist St Modwen has reported a 34% rise in pre-tax profit for the year ended November 30th. Profit before tax increased from £37.5m to £50.4m on a reduced revenue income of £109.6m, compared to £121.4m the previous year. Earnings per share increased from 18.6p to 21.7p.
Read moreSt. Modwen sees FY at upper end of forecasts
1st Dec 2011 07:51
Regeneration specialist St. Modwen Properties said it continued to make progress and expects full year rental income, trading profits and pre-tax profit ahead of 2010 and at the upper end of expectations. Results are expected to include realised profit in excess of £20m from development activities
Read moreTesco finance director adds more to his basket
9th Aug 2011 12:54
Laurie McIlwee, finance director at Tesco, Britain's biggest retailer, has bought 13,617 ordinary shares at 364.8p. The £49,675 purchase brings McIlwee's total number of shares to 340,215. McIlwee joined the board at Tesco at the start of 2009, having undertaken previous roles within the comp
Read moreSt. Modwen hails 'very strong' results
5th Jul 2011 07:45
Regeneration specialist St. Modwen Properties saw a sharp increase in profits and a more modest gain in its net asset value (NAV) per share in the first half of its financial year. NAV per share rose to 226p at the end of May from 213p at the end of November. Property valuations increased by £25m,
Read moreLondon close: FTSE 100 slumps after US jobs shock
1st Jun 2011 16:38
After a directionless start, the top share index fell deep into the red ahead of the close, with some unfavourable US economic data denting sentiment. Rio Tinto held out to finish with gains. The mining giant announced today that it is to establish a large-scale presence in commodity hungry China
Read moreFTSE 250 movers: Tate tops the table
1st Jun 2011 14:25
Tate & Lyle is the best performer on the FTSE 250. Yesterday, the food ingredients group had its target price raised by 8% by UBS. The share price of property regeneration specialist St. Modwen Properties has been boosted after it revealed that half-year results should come in at the top end of man
Read moreLondon midday: Stocks seeking direction
1st Jun 2011 12:16
Stocks are uncertain which way to move after a rally that brought the top share index past the psychologically important 6,000 point barrier yesterday. Rio Tinto is doing its bit to keep the FTSE 100 close to that level. The mining giant announced today that it is to establish a large-scale presenc
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