Workspace partners with Flybe to provide first class passengers with access to business club lounges
27th Oct 2014 12:24
Workspace Group has unveiled a new partnership with Flybe Group to provide its inbound business travellers to London City Airport with access to Club Workspace, a network of co-working business clubs across London. Under the deal, Flybe customers will be given access to Club Workspace's network of c
Read moreLondon open: Stocks start the day slightly lower, but RBS jumps
30th Sep 2014 09:18
Stocks started the Tuesday session slightly lower, weighed down by weakness overnight in Asian markets, although Wall Street did manage to finish off its intra-session lows. That comes as investors keep a close bead on US interest rate expectations and the strength of the US dollar. No less importan
Read moreWorkspace sells first phase of Poplar Business Park redevelopment
30th Sep 2014 07:07
London property group Workspace has sold the first phase of its redeveloped Poplar Business Park site to AIM-listed Telford Homes. FTSE 250-listed Workspace will receive £16.3m in cash around February next year, minus around £0.2m of rental income, together with overage of 35% on private residential
Read moreFTSE 250 movers: Balfour Beatty dives after warning on profits
29th Sep 2014 15:32
Balfour Beatty tumbled after it said its 2014 fiscal year results would be hurt by a profit shortfall of about £75m in its UK construction services division. The company conducted internal reviews which showed a further profit shortfall due to additional losses and write-downs across a number of con
Read moreMonday broker round-up UPDATE
29th Sep 2014 09:22
Aberdeen Asset Management: Canaccord Genuity cuts target price from 460p to 430p and stays with its hold recommendation. Numis upgrades from hold to add with a target price of 455p. Balfour Beatty: Westhouse Securities places its target price under review keeping a sell recommendation. Circle Holdi
Read moreWorkspace sells portfolio of 10 industrial sites
29th Sep 2014 08:47
London-focused property investment group Workspace has signed a deal for the sale of a portfolio of non-core industrial estates for gross proceeds of £44.3m. The portfolio of 10 industrial sites, which was purchased by Capital Industrial One, was sold at a premium of 35% to the March 2014 valuation
Read moreWorkspace gets go-ahead for office development
11th Aug 2014 09:16
Office provider Workspace Group has won approval to redevelop a site in south east England, potentially creating 150 jobs. Workspace secured planning permission to redevelop Enterprise House in Hayes, a 50/50 joint venture with Polar Properties. The group plans to refurbish the building to create
Read moreWorkspace leasing levels impress in Q1
16th Jul 2014 11:47
- LFL rents up 14.9 year-on-year - LFL occupancy up 0.6% in quarter - Footprint increasing across London Rents and occupancy levels were up strongly at London office space provider Workspace in the first quarter. Total rent roll of £61m was a 4.6% rise on the previous the quarter and 14.9% highe
Read moreXaar's R&D Director builds stake following lower profit guidance
25th Jun 2014 15:50
Ramon Borrell, the Research & Development (R&D) Director of FTSE 250 member Xaar, continued to build his stake in the inkjet printheads supplier with the purchase of 40,000 shares. The deal comes just days after the company lowered its guidance for full-year revenues and profit margin, saying the
Read moreFriday broker round-up UPDATE
6th Jun 2014 09:38
African Minerals: Investec places both its target price (prev.: 189p) and its buy recommendation under review. ASOS: JP Morgan reduces target price from 6600p to 4259p and retains its overweight rating. Citi reduces target price from 7000p to 3700p, while leaving its buy recommendation unchanged. D
Read moreThursday tips round-up: RPC, Workspace
5th Jun 2014 08:45
Packaging manufacturer RPC's financials have two main drivers: macroeconomic trends and its success in moving away from what it calls 'commoditised packaging' in search of higher margins. On the first of those fronts, its markets in the Eurozone saw some recovery, such as in Spain, the UK and in the
Read moreFTSE 250 movers: RPC Group as annual results impress
4th Jun 2014 13:58
Plastic packaging firm RPC Group was a strong riser after the company beat analysts' forecasts with its annual results as adjusted pre-tax profits rose 12% to £89.5m. Panmure Gordon upped its target price from 728p to 787p and retained a 'buy' recommendation. Office space provider Workspace was als
Read moreLondon midday: Tesco shares slip as UK stocks fall ahead of ECB
4th Jun 2014 11:37
- Markets await ECB meeting, US jobs data - UK services PMI ahead of expectations - US ADP report in focus later on, US futures fall - Tesco LFL sales worsen amid price cuts techMARK 2,816.15 +0.07% FTSE 100 6,820.85 -0.23% FTSE 250 15,978.73 +0.04% Nervousness ahead of the European Central Bank (
Read moreLondon open: UK markets flat ahead of 'risk events', Tesco in focus
4th Jun 2014 08:39
- Markets await ECB meeting, US jobs - UK services PMI, ADP data in focus today - Tesco LFL sales worsen but beat forecasts techMARK 2,816.36 +0.08% FTSE 100 6,839.73 +0.05% FTSE 250 15,990.30 +0.12% UK stocks were struggling for direction on Wednesday morning as investors continued to show cautio
Read moreLondon pre-open: FTSE to drop on Tesco Q1 result, Queen speech, PMIs
4th Jun 2014 07:40
A disappointing result from Tesco, the Queen's speech at the opening of Parliament and expectations of services data are all set to push blue chips into the red at this morning's opening bell. City sources predict the FTSE 100 will open around six points lower than yesterday's close of 6,836.30.
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