Unite granted planning approval for development of Aberdeen site
2nd Dec 2014 08:20
Student accommodation group Unite has received planning approval for the development of a one acre site in the centre of Aberdeen. The scheme is expected to have a development cost of around £20m and deliver a development yield in line with group target levels. Completion of the site is expected in
Read moreUnite Group gives optimistic interim update
4th Nov 2014 15:10
Student accommodation developer Unite Group said in its interim statement that 99% of its rooms were occupied during the academic year 2014/15. It also said it expects to achieve its target for a 4.5% earnings per share (EPS) yield on net asset value (NAV) target for the year of 2014 one year before
Read moreFTSE 250 movers: Oil stocks lead fallers while Man jumps
4th Nov 2014 14:43
Oil stocks were leading the FTSE 250 downwards on Tuesday as US crude prices dropped to their lowest in three years. The slump came as the world's largest exporter, Saudi Arabia, lowered prices for crude exports to US customers in an attempt to support its market share. Producers Ophir Energy, Afren
Read moreWednesday broker round-up UPDATE
22nd Oct 2014 09:54
Amino Technologies: N+1 Singer moves target price from 93p to 107p upgrading to buy. Anglo American: Liberum Capital reduces target price from 1300p to 1200p retaining its sell recommendation. ARM Holdings: UBS moves target price from 970p to 980p upgrading from neutral to buy. Deutsche Bank cuts t
Read moreLondon pre-open: FTSE set to tumble at opening bell
10th Oct 2014 07:40
London-listed stocks are set for a sharp slide on Friday morning, with City sources predicting the FTSE 100 will open around 75 points lower than yesterday's close of 6,431.85. The decline comes after US markets tumbled the previous evening, as companies began reporting quarterly earnings and invest
Read moreUnite makes acquisitions in Liverpool and Aberdeen
10th Oct 2014 07:06
Student accommodation group Unite has acquired two new development sites, adding around 1,250 new beds to its current total. The two schemes, located in Liverpool and Aberdeen, are expected to achieve returns in line with Unite's targets for regional development of 9.5-10% yield on cost and have a c
Read moreUnite has strong Q3 fund performance
8th Oct 2014 08:18
Student housing provider Unite Group reported a strong third quarter performance from its investment fund and said lettings were doing well. Unite said the estimated net asset value (NAV) of the Unite UK Student Accommodation Fund (USAF) at 30 September was £903.8m, reflecting an underlying third
Read moreFriday tips round-up: Playtech, Unite Group
29th Aug 2014 08:39
Betting and gaming software provider Playtech's first half results showed the company is firing on almost all cylinders, but much is already baked into the share price, writes The Times's Tempus. Sales at its casino division rose by 29%, driven by multiple customer wins in various territories, acco
Read moreUnite Group pre-tax profit increases in first half
28th Aug 2014 16:37
Unite Group, a UK developer and manager of student accommodation, reported first half pre-tax profit of £44.6m, a £7.1m increase year-on-year. Revenue rose from £47.6m to £57.9m, while EPRA earnings were up 34% to £20.4m. "Our primary financial objective remains to continue to grow recurring earni
Read moreThursday broker round-up UPDATE
28th Aug 2014 09:24
Antofagasta: Investec lowers target price from 720p to 719p and retains a sell recommendation. Arrow Global: Canaccord Genuity moves target price from 318p to 325p and keeps a buy recommendation. Numis downgrades from buy to add with a target price of 285p. Balfour Beatty: Berenberg moves target p
Read moreFTSE 250 movers: Vesuvius rises on broker comment
9th Jul 2014 14:52
Vesuvius was one of the biggest fallers on the second tier this afternoon, pushed lower by BNP Paribas, which reiterated its 'neutral' rating on the stock, while WS Atkins and Entertainment One dropped after going ex-dividend. The progression of the integration of its UK Support Services business h
Read moreUnite's student accomodation fund acquires another 2,904 beds
9th Jul 2014 07:59
The Unite UK Student Accommodation Fund (USAF), which is 21%-owned by FTSE 250-listed Unite Group, has acquired a 2,904 bed student accommodation portfolio for £137m. The deal, which was funded through a combination of cash resources and existing debt facilities, equates to a net initial yield of 6
Read moreLondon pre-open: Small dip expected on FTSE early on
9th Jul 2014 07:42
Tracking losses in the US and Asia last night, London-listed stocks are set to move lower at this morning's opening bell, extending their own declines seen in yesterday's session. However, the move lower is predicted to be a modest one, with City sources predicting the FTSE 100 will open just one
Read moreUnite fund growth slows to 1.6% in second quarter
8th Jul 2014 09:02
Student accommodation operator Unite said its UK Student Accommodation Fund (USAF) grew net assets 1.6% in the second quarter of the year, slowing from 2.8% growth in the first. Lettings for the forthcoming academic year were proceeding and rents increasing, with 76% of the portfolio now reserved,
Read moreFTSE 250 movers: Fenner plunges following profit warning
30th May 2014 14:21
Polymer products maker Fenner slumped after warning that underlying group profit before tax for the current fiscal year could be reduced by as much as 10-15% below the current consensus market expectation of £77.6m. This was partly due to what are expected to be "significantly weaker" than previou
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