London close: Shares slump as eurozone saga continues
29th Nov 2010 16:45
The leading share index closed with triple-digit losses Monday as jitters over the eurozone debt situation continued to plague the markets. Financial markets are still betting either Portugal, Spain, or both, will need a rescue deal similar to the €85bn Irish bail-out, rubber-stamped over the weeke
Read moreLondon afternoon: Euro-zone fears resurface
29th Nov 2010 14:18
Thoughts that the euro-zone boil had been lanced by the agreement of a bail-out package for Ireland have proved premature, with rising Spanish bond yields suggesting that the prospect of Spain being the recipient of an EU/IMF aid package cannot be ruled out. An underwhelming response to the latest
Read moreLondon midday: Footsie deep in the red after reversal
29th Nov 2010 12:30
The leading share index is now firmly in the red after giving up the strong gains it was posting this morning. Markets remain jittery over the eurozone debt crisis. The euro hit new lows against a basket of currencies this morning, despite claims by European politicians that the €85bn Irish bail-o
Read moreUnite completes £144m asset sale
29th Nov 2010 07:42
Student accommodation business Unite Group has completed the sale of assets to the Unite UK Student Accommodation Fund for £143.9m in cash. The fund will take on 1,679 bed spaces across four properties in London, Leeds and Bath - a portfolio that is 97% let for the 2010/11 academic year. Unite sai
Read moreLondon close: Footsie boosted by US jobs
5th Nov 2010 16:52
Footsie rallied in the afternoon session on the back of better than expected US monthly jobs numbers to register its highest close since June 2008. Non-farm payrolls climbed by 151,000 in October, in spite of an 8,000 reduction in government payrolls, as private employers embarked on a recruiting s
Read moreLondon afternoon: Blue chips perk up
5th Nov 2010 15:00
Footsie has rallied as the afternoon session has progressed with miners making good gains on the back of better than expected US monthly jobs numbers. Vedanta is now the best performer, with silver miner Fresnillo, ENRC and Antofagasta all making good gains. Part-nationalised bank Royal Bank of S
Read moreLondon midday: Footsie subdued after surge
5th Nov 2010 12:19
Footsie remains slightly adrift following a mixed morning that has seen shares moving in both directions in the wake of yesterday's surge. Part-nationalised bank Royal Bank of Scotland is lower after it fell into the red in the third quarter. After restructuring costs, amortisation of intangibles a
Read moreUnite expects student numbers to keep rising
5th Nov 2010 07:44
Student accommodation outfit Unite Group said the package of recommendations in the Browne Review into the Future of Higher Education Funding was broadly in line with its expectations. Unite's view remains that demand for its accommodation will remain robust in the coming years. "The student accom
Read moreReport proposes scrapping Uni fees cap
12th Oct 2010 14:50
The keenly awaited review on university funding has recommended that universities in England should be allowed to charge what they like in tuition fees, though any university charging more than £6,000 a year would be subject to a government levy on the excess. The study, headed by former BP boss Lo
Read moreUnite Group: UK Student Accommodation Fund NAV +2.6% To GBP0.798
8th Jul 2010 09:05
LONDON (Dow Jones)--Unite Group PLC (UTG.LN), a U.K. developer and manager of student accommodation, said Thursday the estimated net asset value of the Unite U.K. Student Accommodation Fund as at June 30, was GBP0.798 per unit, an increase of 2.6% during the second quarter of 2010 compared with GBP0
Read moreLondon close: Footsie dives as Europe worries grow
14th May 2010 16:51
Footsie slumped in line with markets in Europe and globally on concerns that measures to tackle the European debt crisis could spark widespread civil unrest and send the eurozone into a prolonged recession. Consumer spending is likely to come under pressure as European governments - including the U
Read moreLondon afternoon: New recession fears hammer markets
14th May 2010 15:50
Shares across Europe have have tanked on concerns that measures to tackle the European debt crisis could spark widespread civil unrest and send the eurozone into a prolonged recession. Consumer spending is likely to come under pressure as European governments - including the UK's - seek to address
Read moreLondon midday: Footsie under pressure amid debt worries
14th May 2010 10:40
Shares are firmly in the red amid concerns that the European debt crisis has not been staved off and could hit company earnings. Consumer spending is likely to come under pressure as European governments - including the UK's - seek to address their difficult debt positions following the economic cr
Read moreUnite sees increased letting activity
14th May 2010 08:47
Student accommodation developer and manager Unite said it has seen clear evidence of increased letting activity in recent weeks, partly due to promotions. Reservations for 2010/11 have increased to 71% from 59% at the end of February, the company said. Unite keeps its 2010/11 like-for-like sales
Read moreFriday preview: Ladbrokes, Unite Group
13th May 2010 17:02
The football World Cup is only 28 days away and one company certain to benefit from the tournament is betting firm Ladbrokes. Ladbrokes is due to give an update tomorrow and the bookie might give an indication of how popular the tournament has been so far for its punters. Last month, the group r
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