Workspace upbeat as London's tech economy booms
4th Jun 2014 07:04
- Rent roll rises 8.5% - Occupancy stable at 90.0%. - Confident outlook, increases dividend 10% Office space provider Workspace reported a strong set of annual results, thanks to London's flourishing technology and media sector, with like-for-like (LFL) rent roll up 8.5% in year to £47.4m. The fl
Read moreWorkspace agrees sale-and-construct deal for Faircharm Estate
6th May 2014 07:58
Serviced office group Workspace has agreed to sell the residential portion of its Faircharm Estate to London & Quadrant, who will develop an adjoining business centre as part of the deal. Workspace will receive £9.5m in cash and a new 52,000 square foot business centre in return for the sale of th
Read moreFTSE 250 movers: Redrow lifted by upgrade, Pace slides
2nd May 2014 15:24
Redrow climbed strongly after Citigroup upgraded the stock from 'neutral' to 'buy', and increased its target price from 340p to 350p. London-focused property group Capital & Counties (Capco), which owns assets in Covent Garden and is currently working on the 'urban re-imagination' of Earls Court,
Read moreWorkspace acquires warehouse in North London
2nd May 2014 07:18
Workspace Group, the London-based provider of office space, has purchased Vestry Street Studios in North London, a traditional Shoreditch warehouse covering 23,000 square foot (sq ft). The £12.55m acquisition was carried out at a net initial yield of 4.1%, off a low average rent of £23 per sq ft, w
Read moreSector movers: Real estate, construction stocks gain on positive outlook
10th Apr 2014 13:50
Real estate, construction and materials stocks were performing well on Thursday amid signs of continued robust growth in the UK housing market. House sales across Britain climbed to a six-year high in the first quarter of 2014, with growth spreading "right across the country", according to the Roya
Read moreWorkspace sells residential space at Bow Enterprise Park
4th Apr 2014 07:10
FTSE 250 Workspace Group has sold the residential part of the second phase of its mixed use development at Bow Enterprise Park in east London. The park was bought by Peabody Enterprises, which will pay £11m cash once vacant possession has been achieved, which is expected to be in May 2015, and will
Read moreWorkspace wins planning permission for second phase of Wandsworth project
2nd Apr 2014 08:04
Workspace Group, the London-based property development company, has secured further planning permission for the second phase of its mixed use development in Wandsworth. The new scheme, a 20-storey Business Centre, comprises 77 apartments, 3,000 square foot of retail and restaurant use and 15,00
Read moreTullow Chairman ups investment after profit disappoints
13th Feb 2014 16:12
The Chairman of Tullow Oil has shown his faith in the company following its disappointing profit result on Wednesday. Simon Thompson purchased 6,244 shares at 796.48p a go, spending a total of £49,732. His stake in the company now stands at 20,604 shares. Meanwhile, Non-Executive Director, Jeremy
Read moreFriday broker round-up UPDATE
24th Jan 2014 08:35
Aberdeen Asset Management: Morgan Stanley reduces target price from 492p to 393p and downgrades from equal-weight to underweight. Afren: Morgan Stanley moves target price from 210p to 220p retaining an overweight rating. Ashmore Group: Morgan Stanley cuts target price from 410p to 365p and reitera
Read moreWorkspace Group's quarterly rent roll grows but occupancy flat
24th Jan 2014 07:52
- Rent roll rises 5.6 per cent - Occupancy flat at 90.7 per cent - Progress on refurbishment programme Workspace Group, which provides commercial property to let including offices, posted a 1.8 per cent rise in like-for-like rental roll to 46.5m pounds in the quarter through December. Like-for-lik
Read moreWednesday broker round-up UPDATE
15th Jan 2014 08:42
African Barrick Gold: Liberum Capital downgrades to sell with a target price of 147p. Deutsche Bank lowers target price from 190p to 180p, while maintaining a hold recommendation. African Minerals: Deutsche Bank shifts target price from 410p to 414p and maintains a buy recommendation. Amlin: JP Mo
Read moreTuesday broker round-up UPDATE
3rd Dec 2013 09:10
Arrow Global: Numis starts with a target price of 270p and an add rating. Antofagasta: UBS shaves target price from 870p to 845p, 'neutral' rating maintained. Aquarius Platinum: UBS cuts target price from 44p to 43p, 'neutral' rating kept. Ashtead Group: Citi raises target price from 750p to 800p
Read moreBAE Systems' Hudson sells 95,000 shares
13th Nov 2013 16:15
Linda Hudson, the President and Chief Executive Officer of BAE Systems Inc., on Tuesday reduced her stake in the group by 95,000 shares. Hudson, who is an Executive Director of BAE Systems plc., disposed of the shares at 450.90p for a total trade value of £428,356. The defence group a month ago
Read moreTuesday broker round-up UPDATE
12th Nov 2013 09:20
Accesso: Canaccord Genuity raises target price from 680p to 770p and keeps a buy recommendation. Andor Technology: FinnCap places both its target price (prev.: 390p) and its hold recommendation under review. Babcock International: Jefferies increases target price from 1250p to 1600p retaining a bu
Read moreWorkspace half-year profit surges
12th Nov 2013 07:58
- Four-fold increase in pre-tax profit - Demand remains strong across London - Lifts interim dividend 10 per cent FTSE 250 business premises provider Workspace reported a four-fold increase in interim pre-tax profit following strong demand across its business. The London-based company said pre-ta
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