Workspace Group Inks New 5 Year Loan Facility
1st Jul 2010 08:36
LONDON (Dow Jones)--Workspace Group PLC (WKP.LN), a leading provider of space to small and medium-sized enterprises across London, said Thursday it signed a new GBP200 million five-year bank facility to replace the existing facility provided by GE Capital and BayernLB which was due to mature in Nove
Read moreLiontrust executives buy following trading update
25th Mar 2010 16:54
Liontrust Asset Management's two executive directors have added to their shareholdings following the release of a trading statement for the year to March 2010. Chief executive Nigel Legge and chief operating officer and finance director Vinay Abrol each bought 180,039 shares at 105p a share. Legge
Read moreWorkspace Q3 NAV rises 14%
3rd Feb 2010 08:05
Small business landlord Workspace said its net asset value per share during the third quarter rose 13.6% and total property valuation increased nearly 18% from the previous quarter. The group, which provides commercial properties to small and medium sized enterprises in and around London, said like
Read moreLondon close: Good as gold
16th Nov 2009 16:56
Footsie came close to breaching the 5400 barrier, helped by a positive start on Wall Street, but profit taking set in at the end of the session and gains were pared. Much of the blue-chip index's advance was down to mining stocks, which were in demand as metal prices continue to head north. Lonmi
Read moreLondon afternoon: Sainsbury slides on sales leak
16th Nov 2009 14:31
After getting off to a flying start, the FTSE 100 index has drifted sideways since the middle of the morning. A larger part of the blue-chip index's gain is down to mining stocks, which are in demand as metal prices continue to head north. Lonmin leads the sector higher despite reporting a full-y
Read moreLondon midday: Early gains consolidated
16th Nov 2009 12:11
Stock prices saw a modest amount of profit taking after the Footsie hit a 14-month high. Lonmin is leading the mining sector higher despite reporting a full-year loss. The South African platinum miner fell into the red in the year to September 30 as prices for the precious metal slumped in line wit
Read moreWorkspace shrinks H1 losses
16th Nov 2009 08:19
Small business landlord Workspace said it narrowed half year pre-tax losses as occupancy rates and lettings rose. Pre-tax loss shrunk to £39.3m for the half year ended 30 September 2009 from a loss of £128.5m the same time a year before. Like-for-like occupancy rose 0.8% to 84% and overall occupanc
Read moreWorkspace sees signs of stability
28th Jul 2009 08:32
Small business landlord Workspace said total rent roll declined 2.9% to £48m in the first quarter despite a rise in overall occupancy. The group added that it sees signs of stability in its occupancy levels. "We are continuing to see a stabilisation in occupancy levels with overall occupancy up 0.
Read moreTuesday tips round-up: Rio Tinto, Workspace, AG BArr
9th Jun 2009 06:41
Miner Rio Tinto's rights issue means the company has substantially cut the debt associated with a deal it did with Alcan. This is good news. However, there are two main issues that will have to be dealt with by the company as a result of its actions over the last few months - an angered China and
Read moreLondon close: Late rally not enough
8th Jun 2009 17:01
Footsie came off its lows towards the close of trading Monday but still finished lower, held back by a weak mining sector. Mining stocks Vedanta Resources, Eurasian Natural Resources, Anglo American, BHP Billiton, Rio Tinto, Fresnillo, Lonmin and Antofagasta all featured among the ten worst perfor
Read moreSector movers: Cool reception for upbeat mining updates
8th Jun 2009 14:55
Seemingly positive news from two mining companies has failed to impress investors and the stocks are among the worst performers in a downbeat mining sector. Hochschild Mining has completed the construction of new power lines in Peru and Argentina, which will help the Latin America-focused precious
Read moreLondon afternoon: Lloyds rump placed at 60p
8th Jun 2009 14:20
Footsie clawed back some losses over the lunch time session but remains in the red, thanks largely to the weakness of miners, which are following metals prices lower. Mining stocks Vedanta Resources, Eurasian Natural Resources, Anglo American, BHP Billiton, Rio Tinto, Fresnillo, Lonmin and Antofa
Read moreLondon midday: Miners weigh down Footsie
8th Jun 2009 12:19
London's blue-chip index is doing its usual trick of following the miners, which today are in a down phase. The worst performers in the mining sector are Vedanta Resources, Eurasian Natural Resources, Anglo American, BHP Billiton, Rio Tinto, Fresnillo and Antofagasta. Hochschild Mining follows
Read moreLondon open: Bank news knocks Footsie
8th Jun 2009 08:40
Banking shares have dominated early trading after news from both Barclays and Lloyds, but investors have reacted cautiously in both instances. Barclays has confirmed talks are underway with US firm BlackRock over the future over its fund management arm Barclays Global Investors (BGI), which includ
Read moreProperty write-downs hammer Workspace
8th Jun 2009 07:04
Workspace Group, which provides business premises for small and medium sized businesses, plunged deeper into the red as a result of property write-downs but traded profitably at the operating level. In the year to 31 March 2009 the company made a trading profit after interest charges of £10m, up 12
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