London pre-open: Stocks to track US and Asian markets lower
26th Mar 2015 07:54
UK stocks are expected to open in negative territory on Thursday morning, tracking declines in the US and Asia overnight. City sources predict the FTSE 100 will open 45 points lower than Wednesday's close of 6,990.97. US markets suffered sharp declines on Wednesday as economic data continued to dis
Read moreUnite Group receives planning permission for Coventry University student building
26th Mar 2015 07:13
Unite Group has received planning approval to build a student housing complex on a 2.1 acre site in central Coventry. The new building will cater for 286 students and its completion is expected in time for the 2016/17 academic year. Development costs for the property will reach £17m, according to a
Read moreTuesday broker round-up
10th Mar 2015 11:53
Pearson: Barclays reiterates equal-weight recommendation and keeps target at 1,405p. UBM: Westhouse Securities takes target to 599p from 552p but reiterates add. ARM Holdings: Citi keeps at buy with a 1,35p target price. Kaz Minerals: Jefferies shaves target to 250p from 275p and reiterates hold.
Read moreUnite enjoys "highest ever" student intake in 2014
23rd Feb 2015 08:22
The student accommodation developer Unite increased its revenues and profits during the full-year thanks to a high student intake for the academic year of 2014/15. Despite struggling with growing demand for new accommodation, Unite enjoyed a 3.3% rise in like-for-like rental growth. Revenue increas
Read moreUnite Group acquires site in Coventry
12th Jan 2015 07:11
Developer and manager of student accommodation Unite Students, part of Unite Group, has acquired a development site in the centre of Coventry, which is expected to house up to 280 students. The total investment for the facility, due to open in time for the 2017-18 academic year and located next to a
Read moreUnite Group property valuations rise in third quarter
9th Jan 2015 08:02
Student accommodation developer and manager Unite Group said the value of its two property portfolios rose by 1.2% and 1.4% in the third quarter. The larger regional portfolio, the Unite UK Student Accommodation Fund (USAF), which comprises almost 25,000 beds in 68 properties across 22 university to
Read moreUnite 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
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