UK Commercial Property reports 6.8% rise in NAV per share
20th Aug 2014 08:24
UK Commercial Property Trust has posted a 6.8% increase in its net asset value (NAV) per share, which it said was mainly due to a 6% increase in the capital value of the property portfolio, which at the period end totalled £1.1bn. NAV per share climbed from 73.1p to 78.1p, while the NAV total retu
Read moreLondon pre-open: FTSE to drop into the red amid profit taking
20th Aug 2014 07:45
UK stocks look set to move lower at Wednesday's opening bell, with some analysts putting the drop down to a modest round of profit taking following a strong start to the week. City sources predict the FTSE 100 will open around six points lower than yesterday's close of 6,779.31, despite gains seen
Read moreUK Commercial Property Trust posts 2.2 per cent rise in quarterly NAV
29th Apr 2014 08:55
UK Commercial Property Trust posted a 2.2 per cent increase in its quarterly net asset value (NAV) per share to 74.7p, up from 73.1p at the end of 2013. The portfolio value was £1,078.4m, also up 2.2% quarter-on-quarter before capital expenditure. The company intends to declare its first interim
Read moreMonday broker round-up UPDATE
2nd Sep 2013 08:57
Berkeley Group: Panmure Gordon raises target price from 2046p to 2150p and reiterates a hold recommendation. Betfair: Panmure Gordon increases target price from 1000p to 1317p and maintains a buy recommendation. BHP Billiton: WH Ireland downgrades to neutral. British Land: Exane ups target price
Read moreUK Commercial Property Trust unveils interim dividend
26th Apr 2013 08:19
FTSE 250-listed closed-ended Guernsey registered investment company UK Commercial Property Trust Limited (UKCPT) has unveiled its first interim dividend payment, in respect of the financial period from January 1st to March 31st 2013, of 1.3125 pence per share. According to the company, the ex-divid
Read moreUK Commercial Property Trust posts decline in NAV per share
20th Mar 2013 07:49
UK Commercial Property Trust (UKCPT), the FTSE 250 investment company, has posted a decline in its year-end net asset value (NAV) per share as a result of a like-for-like decrease in its property portfolio value, the acquisition costs of an industrial portfolio, and working capital outgoings. The
Read moreFriday broker round-up UPDATE
15th Feb 2013 07:58
Aberdeen Asset Management: UBS shifts target price from 440p to 470p and reiterates a buy recommendation. Credit Suisse takes target price from 410p to 470p staying with its outperform rating. Barclays revises target price from 470p to 490p, while its overweight rating remains unchanged. Jefferies m
Read moreUK Comms Prop in the red after losses on investment properties
21st Aug 2012 09:43
UK Commercial Property Trust (UKCPT), a UK-focused commercial property trust, swung into the red in the first half and reported a decline in its net asset value (NAV) per share. The firm posted a loss before tax for the half year of £4.43m, against a profit of £32.8m the same half the previous year
Read moreUK Comm Prop hails taming of the Shrewsbury council
19th Apr 2012 07:42
UK Commercial Property Trust (UKCPT), the FTSE 250 Guernsey-based property firm, has received planning consent from Shropshire Council for its proposed New Riverside redevelopment in Shrewsbury. The firm has also signed a pre-let agreement with anchor tenant Debenhams for the creation of a 95,000 s
Read moreLondon pre-open: Stocks down ahead of today's CPI and RPI data
20th Mar 2012 07:28
City sources predict the FTSE 100 will open down 19 points from yesterday's close of 5,961 ahead of today's Consumer Price Index and Retail Price Index data as investors await fresh direction from the market. Advertising and media giant WPP is to buy a minority stake in Pakistan-based marketing
Read moreUK Commercial hails resilient performance
20th Mar 2012 07:09
Guernsey-based property firm UK Commercial Property Trust said its property portfolio continues to perform in line with the board term's strategic positioning and has proven resilient in tough economic times. The commercial property firm saw its net asset value (NAV) per share ease at the end of 20
Read moreLondon midday: Risk appetite increases on Greek bailout hopes
20th Feb 2012 11:32
- Miners jump as investors seek riskier assets. - Officials optimistic about securing Greek bailout. - PBoC cuts RRR for banks. With the possibility of a Greek bailout edging closer, and China moving to ease fears of a 'hard-landing' over the weekend, UK stocks had extended gains by lunchtime, wit
Read moreLondon open: Buying boosted by Greece, China
20th Feb 2012 08:26
- Decision day for Greece, hopes of a bailout approval boost stocks. - PBoC cuts RRR for banks. - Miners, oil stocks perform well early on. Just a handful of stocks were in the red in early trading on Monday, as market sentiment was lifted by hopes that Greece can secure its next tranche of aid. Me
Read moreUK Commercial Property on spending spree
20th Feb 2012 07:06
UK Commercial Property Trust (UKCPT) has spent 60.51m quid buying industrial park assets from SEGRO. The income from the properties totals £4.67m per year, representing a net initial yield of 7.34%. The transaction will be financed primarily through the use the £150m credit facility that UKCPT ag
Read moreUK Commercial Property Trust unveils big plans for Shrewsbury
6th Feb 2012 08:15
UK Commercial Property Trust (UKCPT) has unveiled plans for a £150m redevelopment of Shrewsbury town centre, Shropshire, combining its three shopping centres into a single, combined centre called New Riverside. UKCPT has submitted a planning application to Shropshire Council, requesting permission
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