UPATE: F&C Opposes Commercial Property Trust Merger
9th Jun 2010 12:38
(Adds response from F&C Asset Management, updates throughout) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Fund manager F&C Asset Management PLC (FCAM.LN) said Wednesday it is seeking to stop a GBP1.6 billion merger of two U.K. commercial property trusts. F&C Asset Man
Read moreUK SMALLCAP ROUNDUP: First Property Sees Asset Growth
9th Jun 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps FIRST PROPERTY GROUP PLC (FPO.LN), a U.K. property fund manager, Wednesday posted a 28% fall in fiscal 2010 pretax profit but said its earnings are set t
Read moreLondon midday: Oil stocks slow Footsie
9th Jun 2010 12:04
The blue-chip index has limped back into the blue despite the weakness of oil stocks. Around three quarters of the market-value weighted index's constituents are higher but with heavy hitters BP, Shell and BG in the red the Footsie is struggling to make headway. BP investors are concerned by the ve
Read moreUK SMALLCAP ROUNDUP: Afnat Resources In JV With Rio Tinto
9th Jun 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps AFNAT RESOURCES LTD. (AFNR.LN), an Africa-focused nickel, zinc and uranium miner, Wednesday said it agreed to enter a joint venture with mining giant Rio
Read moreProperty trusts in £1.6bn merger
9th Jun 2010 07:55
UK Commercial Property Trust and F&C Commercial Property, two of the UK's largest commercial property investment trusts, are merging to form the sixth largest UK listed property company. The new company will have a market capitalisation of approximately £1.6bn, with the merger expected to enhance t
Read moreU.K. Commercial Property Trusts Agree Merger Terms
9th Jun 2010 07:33
LONDON (Dow Jones)--Two U.K. commercial property trusts Wednesday said they agreed to merge in a deal that will create a property company with a portfolio worth GBP1.6 billion. F&C Commercial Property Trust Ltd. (FCPT.LN) and UK Commercial Property Trust Ltd. (UKCM.LN) said the enlarged trust wi
Read moreUK Commercial Property portfolio down 8.33%
25th Aug 2009 13:45
UK Commercial Property Trust said the underlying value of its portfolio fell by 8.33% in the six month ended June compared with an industry average of minus 13.2%. The portfolio valuation as at 30 June was £544.99m. Net asset value per share fell to 64.47p at 30 June from 66.63p at 31 March. Net l
Read moreFTSE 250 movers: Housebuilders on the up
14th Aug 2009 11:57
Housebuilders and real estate stocks are among the mid-cap index's top performers. An upgrade to 'buy' from 'hold' by RBS has helped put housebuilder Taylor Wimpey among the top 10 risers. RBS, which lifts its target price on Taylor Wimpey to 47p from 37p, said the firm's recent results continued
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