St. Modwen appoints boardroom veteran Danuta Gray as next chair
17th Sep 2018 07:22
(Sharecast News) - St. Modwen Properties announced the appointment of Danuta Gray as a non-executive director and chair-designate with effect from 1 October on Monday.
Read moreSt. Modwen sells 34 properties to Hansteen in £54m deal
6th Aug 2018 10:00
(Sharecast News) - St. Modwen Properties has exchanged contracts for the disposal of a portfolio of 34 assets to Hansteen Holdings, it announced on Monday, for a total cash consideration of £53.7m.
Read moreSt Modwen Properties hikes FY dividend as FY pre-tax profit falls
7th Feb 2017 14:39
(ShareCast News) - St Modwen Properties' shares are up more than 2% as it posted a lower full-year pre-tax profit -- mostly due to external market factors and valuation gains in 2015 -- and hiked its total dividend. Pre-tax profit was at £66.9m, from £235.2m. Total dividend was 6p a share, from 5.75
Read moreSt Modwen sees H2 in line with first half
5th Dec 2016 07:36
(ShareCast News) - Property developer St. Modwen said on Monday it expected the second half of the the financial year to be "broadly in line" with the first half. In a trading statement, the company said its diversified portfolio and business had continued to perform well over the past few months, "
Read moreDirector dealings: St Modwen scion Clarke places hefty bet
12th Jul 2016 15:06
(ShareCast News) - Simon Clarke on Tuesday became the third director of St Modwen Properties to buy shares as Brexit worries about the property sector sent the regeneration specialist's shares to their lowest level in three and half years. As son of company founder Sir Stanley Clarke, Clarke represe
Read moreSt Modwen takes more cautions approach due to Brexit
5th Jul 2016 07:27
(ShareCast News) - St Modwen Properties increased its interim dividend 2% but said it would be likely to take a more cautious approach to strategy after the Brexit decision cast a veil of uncertainty over the UK property market. After the six months to 31 May, the net asset value of the property reg
Read moreBroker tips: St Modwen Properties, Bodycote
31st May 2016 15:52
(ShareCast News) - Numis reiterated a 'buy' rating and target price of 535p on St Modwen Properties after the property company said trading for the year had started well. In a pre-close statement for the period 1 December 2015 to 31 May 2016, St Modwen said it continued to add new opportunities to i
Read moreNumis reiterates 'buy' rating on St Modwen Properties
31st May 2016 12:48
(ShareCast News) - Numis reiterated a 'buy' rating and target price of 535p on St Modwen Properties after the property company said trading for the year had started well. In a pre-close statement for the period 1 December 2015 to 31 May 2016, St Modwen said it continued to add new opportunities to i
Read moreSt Modwen says trading has started well
31st May 2016 07:48
(ShareCast News) - Property company St Modwen said the trading for the year had started well as it continued to extract both short and long-term value-generating opportunities from its land bank through asset management activities, remediation, and success in planning and development. In a pre-close
Read morePeel Hunt sees opportunities and risks in UK commercial property
12th Apr 2016 13:25
(ShareCast News) - In 2016, and for the first time in four years, UK commercial property shares had not outperformed the All-Share. That had thrown-up appetising opportunities in the sector for the first time in several years as shares de-rated, with the sector changing hands on an average discount
Read moreSt Modwen says business continues to perform well
23rd Mar 2016 08:27
(ShareCast News) - Property regeneration group St Modwen said its business continues to perform well, supported by its extensive regional development portfolio and income producing assets. "Real value continues to be added across our UK-wide portfolio through land renewal, planning gains and asset m
Read moreLakehouse directors nab shares after profit warning
5th Feb 2016 15:43
(ShareCast News) - Members of Lakehouse's board nabbed some shares in the company following a profit warning earlier in the week that saw shares in the asset and energy support services group tank. Chairman Stuart Black, chief executive Sean Birrane, chief financial officer Jeremy Simpson and Mic
Read moreSt Modwen posts bumper profits as CEO announces retirement
2nd Feb 2016 08:18
(ShareCast News) - Despite almost doubling full-year profits, shares in St Modwen Properties subsided on Tuesday as the developer announced the retirement of long-time chief executive Bill Oliver. Oliver, who will step down at the company's November 2016 year end, held the top role for 13 years aft
Read moreLondon pre-open: Footsie to edge higher despite China PMIs
1st Dec 2015 07:15
(ShareCast News) - Stocks were expected to start the day moderately higher ahead of the release of a raft of manufacturing sector survey results from around the world. The Footsie was seen gaining up to 34 points at the start of the session from Monday's close of 6,356.09. In parallel, the Shanghai
Read moreSt Modwen sees full year profits in line with expectations
1st Dec 2015 07:08
(ShareCast News) - Property group St Modwen said profit before all tax for the full year is likely to be in line with market expectations. In a trading statement, the company said its net debt position at 30 November 2015 was expected to be slightly higher than current market expectations reflecting
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