London midday: Stocks rise with Eurozone in focus
1st Mar 2012 11:45
- Merkel willing to consider bailout fund increase. - Man Group surges after shaking up divi policy. - Tata weighing up a bid for Cable and Wireless Worldwide. -Italian and Spanish long-term bond yields fall below 5%. London's FTSE 100 index was trading at its highest levels of the day by lunchtime
Read moreThursday broker round-up - UPDATE
1st Mar 2012 09:33
RBS: Berenberg downgrades to sell from buy. Randgold Resources: Nomura maintains buy rating and 9,850p target. BG Group: Nomura maintains buy rating and 1,865p target. WPP: Nomura maintains buy rating and 990p target. BAE Systems: UBS ups target from 320p to 360p, buy rating unchanged. Capita:
Read moreLondon open: Man Group leads the rise early on
1st Mar 2012 08:46
- Man Group surges after shaking up divi policy. - Chinese manufacturing continues to expand. - Tata weighing up a bid for Cable and Wireless Worldwide. London's blue chips edged higher on Thursday morning, helped by a strong rise performance by Man Group. Meanwhile, Chinese manufacturing data help
Read moreUNITE reinstates divi after solid 2011
1st Mar 2012 07:50
UNITE Group, the student accommodation manager, has reinstated its dividend after a 'strong year' in 2011 in which it achieved 99 percent occupancy and an increase in net asset value (NAV). "2011 was a strong year for UNITE. High occupancy across the portfolio, solid rental growth and effective cos
Read moreUnite not bothered by drop in student applications
31st Jan 2012 09:09
Student accommodation group Unite said it is confident of achieving rental growth of 3-4% for the year despite news that student applications for this year fell dramatically. University applications from UK students were down by 8.7%, according to figures from the admissions service. The drop is b
Read moreUNITE buys up rest of joint venture for £6.2m
20th Jan 2012 07:16
FTSE 250 student accommodation developer and manager UNITE Group has completed the acquisition of the the remaining 49% interest in the UNITE Student Village (USV) joint venture for £6.2m in cash, following its establishment back in 2004. However, the transaction amount will not need to be paid un
Read moreRental growth drives improvement in UNITE's asset value
10th Jan 2012 08:04
Student accommodation provider UNITE saw the estimated value of its UK Student Accommodation Fund edge higher in the final quarter of 2011. The estimated net asset value (NAV) as at the end of 2011 was 85.7p per unit, up 1.8% on the value at the end of September, and 6.1% higher than at the end of
Read moreFTSE 250 Movers: Barratt rises on reservations jump
16th Nov 2011 14:38
Leading the risers north, house builder Barratt Developments has seen reservations jump 25.9% in the period between July and the middle of November, compared to the same period of 2010. The average price it is achieving on sales has increased by 7% on 2010 and now stands at £207,000. Meanwhile, H
Read moreUnite 99% sold for year
16th Nov 2011 07:07
Student accommodation manager Unite Group enjoyed a very strong sales performance for 2011/12 with 99% of rooms sold compared to 97% for the year before. Bristol based Unite said like-for-like net operating income grew 3.1% from 1 July 2011 to 15 November 2011 and recurring profit for the full yea
Read moreUnite reshuffles its board
29th Sep 2011 13:15
The Unite Group, a UK developer and manager of student accommodation, has announced changes to its board which reflect a wider reorganisation of the group's management, the firm said. The company is implementing a series of organisational changes which are expected to result in annual overhead sav
Read moreLondon close: Results drive stocks higher, Man up after upgrade
24th Aug 2011 16:38
Stocks finished with good gains after an uncertain start, with strong economic data from the US overriding the earlier mixed reception to today's raft of company updates. US orders for goods made to last more than three years, such as planes, cars and washing machines, rose by 4% in July, having fa
Read moreFTSE 250 movers: Unite hits heights
24th Aug 2011 14:49
Engineering group Charter International fell back on Wednesday morning, despite sector peer Melrose saying it is working on a better takoever offer for the company. Charter's shares shot up yesterday after it confirmed speculation that it has received a rival offer to the one from Melrose. Christo
Read moreLondon midday: Stocks mixed after stream of updates
24th Aug 2011 12:10
The leading share index is flitting between red and blue amid differing receptions for today's stream of updates. Investors in Admiral are feeling mutinous despite pre-tax profits growing by 27%. However, according to a Thomson Reuters poll, the result was a slight miss. Miner BHP Billiton is hig
Read moreUnite hails London resilience
24th Aug 2011 09:43
The economic divide between London and the rest of the UK appears even to extend to the student accommodation sector, judging by Unite Group's half year results. In the six months to 30 June, the company's diluted net asset value climbed to 310p a share from 295p at the beginning of the year. The v
Read moreUnite wins approval for 563-bed Camden development
1st Aug 2011 12:51
Student accommodation firm Unite Group has won planning approval for a 563-bed development in Camden, London. The scheme is said to have received unanimous approval from the council and will offer a range of cluster apartments and studios, scheduled for completion in 2013. "Located in the heart o
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