Friday broker round-up
14th Sep 2018 15:10
(Sharecast News) - SafeChange: Barclays upgrades to overweight with a target price of 420p.
Read moreWorkspace buys Shepherds Bush property for £125m
13th Sep 2018 13:34
(Sharecast News) - Workspace has exchanged contracts to buy The Shepherds Building in W14 from Helical for £125.3m in cash, in a deal that will be funded from existing facilities.
Read moreWorkspace redeems 6pc bonds ahead of 2019 maturity date
10th Sep 2018 11:19
(Sharecast News) - Workspace Group confirmed the redemption of its £57.5m 6% fixed rate bonds on Monday, ahead of their maturity in 2019.
Read moreSector movers: REITS, electricity stocks drop
19th Jan 2017 16:22
(ShareCast News) - Tobacco stocks rose to the top of the leaderboard after analysts at Citi sung the praises of British American. In a research note sent to clients, analysts Adam Spielman, Jemima Benstead and Ravi Sharma said the firm was producing "some of the best" organic sales growth in the Eur
Read moreWorkspace rent roll rises in Q3 amid solid London demand
19th Jan 2017 07:41
(ShareCast News) - Flexible office space provider Workspace posted a rise in total rent roll in the third quarter as occupancy nudged higher amid ongoing customer demand in London. In the quarter to 31 December, total rent roll was up 2.5% to £86.9m and up 11.1% over the nine months from the end of
Read moreWorkspace H1 net rental income up, hikes dividend
9th Nov 2016 07:35
(ShareCast News) - Workspace reported a jump in net rental income for the first half and hiked its dividend by 40%, but pre-tax profit for the period declined. The FTSE 250 office space provider said pre-tax profit slumped to £7.1m from £163.4m, but net rental income rose 6% from the end of Septembe
Read moreWorkspace sells two London residential developments for £20.75m
20th Oct 2016 07:35
(ShareCast News) - FTSE 250 property company Workspace has sold two residential developments in Southall and Wandsworth in order to fund a pipeline of refurbishments projects. The company sold the London sites for a combined £20.75m in cash and 17,00 square feet of new commercial space. The Arches
Read moreWorkspace Group gets planning permission for Hackney redevelopment
7th Oct 2016 07:31
(ShareCast News) - FTSE 250 listed property investment trust Workspace Group has been granted planning permission for the Mare Street Studios redevelopment in north east London. Workspace will refurbish the Hackney site by upgrading the existing space and adding a rooftop extension and the new 55,00
Read moreWorkspace gets planning permission for Stratford Office Village
19th Sep 2016 07:31
(ShareCast News) - Workspace has been granted planning permission for the redevelopment of Stratford Office Village, which was valued at £14m in March. The company has secured mixed use planning consent to replace the existing buildings with a redevelopment comprising 101 residential units, includin
Read moreDirectors dealings: Commercial property firm McKay's boss and finance chief sell shares
19th Jul 2016 15:51
(ShareCast News) - McKay Securities's boss, Simon Perkins, and his finance chief Giles Salmon unloaded a raft of shares in the real estate investment trust awarded to them as part of the company's 2007 Mckay performance scheme, on 18 July, the company said in a statement. Perkins sold 127,938 sha
Read moreWorkspace posts rise in first-quarter rent roll
14th Jul 2016 08:11
(ShareCast News) - FTSE 250 flexible office space provider Workspace reported a rise in first quarter total rent roll on Thursday and said it was keeping a close eye on the impact of the UK's vote to leave the European Union. For the period from 1 April to date, total rent roll was up 4.9% to £82m,
Read moreWorkspace confirms talks regarding Hammersmith acquisition
17th Jun 2016 14:48
(ShareCast News) - Workspace confirmed on Friday that it has been in discussions regarding the potential acquisition of an office campus in Hammersmith for around £120m. The FTSE 250 flexible office space provider said that if the acquisition were to proceed, it would be funded from existing cash re
Read moreWednesday broker round-up
15th Jun 2016 15:32
(ShareCast News) - Arrow Global Group: Goldman Sachs reiterates buy with a target price of 340p. Crest Nicholson: JP Morgan keeps at overweight with a 700p target. Shire: Exane BNP Paribas stays at outperform with a target price of 5700p and Jefferies keeps at buy with a target price of 5500p. Woo
Read moreWorkspace sells remaining properties in BlackRock joint venture
14th Jun 2016 08:14
(ShareCast News) - Workspace Group said it was selling the last seven properties in its joint venture with BlackRock. The properties were sold for £118m at a net initial yield of 4.7%. After the deal Workspace will receive a £24m performance fee from the BlackRock Workspace Property Trust, in which
Read moreThursday broker round-up
9th Jun 2016 16:34
(ShareCast News) - Fevertree Drinks: Berenberg upgrades to buy with a target price of 810p. AO World: JP Morgan keeps at neutral with a 200p target. WH Smith: JP Morgan stays at overweight with a target price of 1850p. Lancashire Holdings: UBS keeps at neutral with a target of 610p. Admiral Group
Read more