London pre-open: Flat start ahead of consumer confidence, German retail data
30th May 2014 07:28
A flat start is expected for London-listed stocks this morning ahead of today's UK consumer confidence report and German retail data. City sources predict the FTSE 100 will open almost unchanged from yesterday's close of 6,871.29. According to forecasts, the GfK's consumer sentiment index is exp
Read moreUnite to redevelop site for student housing in Portsmouth
30th May 2014 07:02
Unite, which builds and manages student accommodation in the UK, is to buy and redevelop a site in Portsmouth to create 830 new beds for those studying in the city. The company said that the 0.77-acre site, subject to planning permissions, "will help address the shortage of purpose built student ac
Read moreUnite Students completes sale of OCB assets, invests proceeds in JV
23rd May 2014 07:57
Unite Students, which develops and manages accommodation, has completed the sale of its three Oasis Capital (OCB) joint venture (JV) assets. The sale price was £174m, which it said was supportive of the existing book value and is in line with expectations. The proceeds were used to repay outstand
Read moreUNITE joint venture to sell London properties
7th Apr 2014 07:09
UNITE Group, the student accommodation firm, has announced that its joint venture Oasis Capital (OCB) is selling its portfolio of three London assets. OCB, in which UNITE holds a 25% stake, is a five-year joint venture set up in 2009 to develop and manage three London properties: Woodland Court, We
Read moreUnite raises funds for development and acquisition of new units
25th Mar 2014 07:56
Unite Group on Tuesday revealed it had had a positive reaction to its placing and open offer, from which it has raised 96m pounds after expenses. A total of 15.75m shares were taken up under the open offer, a further 1.07m were taken up with the placing, and just under another 7.68m shares were is
Read moreThursday broker round-up UPDATE
20th Mar 2014 09:19
Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target
Read moreLondon pre-open: Ukraine, UK Budget in focus
19th Mar 2014 07:23
- Decent finish in US - Focus on UK Budget, MPC minutes, US FOMC - Ukrainian officer killed by Russian forces overnight The City is expecting a broadly flat start this morning, with maybe a rise of just a few points early on as investors await a number of important economic announcements following
Read moreUnite wins planning approval for London accommodation
19th Mar 2014 07:05
Unite has won planning approval to develop a new student property in Islington, London. The accommodation will include 900 beds and covers 260,00 sq ft at a cost of £93m and a yield on cost of 8.8%. The central London, 1.4 acre site on Holloway Road was acquired from London Metropolitan University
Read moreTuesday broker round-up UPDATE
18th Mar 2014 08:58
Antofagasta: Investec places its target price (prev.: 753p) under review, while leaving its sell recommendation unchanged. Ashtead Group: Credit Suisse raises target price from 1000p to 1100p and stays with its outperform rating. UBS increases target price from 875p to 1020p retaining its buy recom
Read moreFriday tips round-up: Unite, Aggreko
7th Mar 2014 07:20
Student accomodation provider Unite is asking shareholders for another 100m pounds to back its expansion plans, including in Newcastle and Edinburgh. They deserve it, says The Daily Telegraph´s Questor team. To take into account, full year pre-tax profits actually rose last year if a one time gain
Read moreUnite plans to raise 100m pounds to speed regional plans
6th Mar 2014 14:48
Student accommodation group Unite has set out plans to raise a gross 100m pounds in a discounted placing and open offer to accelerate its regional development programme. The FTSE 250 company has set a price of 410p for the placing, which is a 9.3% discount to the 452p closing price on Wednesday and
Read moreFTSE 250 movers: Perform retreats after recent gains
6th Mar 2014 13:47
Perform Group was retreating from recent gains which followed its full-year results, which saw the sports media group surge on turnaround hopes after a seven per cent fall in earnings per share in 2013. Imagination Technologies Group saw its share price plunge after admitting a slowdown in the rat
Read moreUnite full-year pre-tax profit tumbles
6th Mar 2014 07:58
- Full-year profit decline - Lifts adjusted net asset value per share - Increases dividend, upbeat about rental growth prospects Student accommodation manager Unite Group posted a decline in full-year pre-tax profit but said strong university applications and the prospect of increased student enrol
Read moreFTSE 250 movers: Bwin.party rises on Numis rating
18th Feb 2014 12:57
Bwin.party Digital Entertainment rose strongly after Numis Securities reiterated its 'buy' rating on the stock. Oil services company Wood Group jumped after it reported a 14% increase in pre-tax profits to $412.8m for the year to December 31st 2013. Revenues rose 3% to $7.1bn, while profits before
Read moreLondon pre-open: Modest start ahead of UK inflation data
18th Feb 2014 07:15
- Bank of Japan plans to extend two programmes offering low cost loans to banks by one year - Focus on UK CPI inflation - Economic confidence figures due for release in Germany and Eurozone Stocks are set to show a modest rise in early trading ahead of what is set to be a busy data for data, begi
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