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Infrastructure and real estate
Picton Property Income (LSE:PCTN) Share Price Falls Below 200-Day Moving Average
November 06, 2024 09:18 PM AEDT| By Team Kalkine MediaHighlights,Picton Property Income's stock price recently fell below its 200-day moving average.,The company announced a dividend payout, scheduled for November 29, 2024.,Picton Property Income's market capitalization stands at £382.06 million, with a...
Persimmon Q3 performance meets expectations, remains on track for FY24 targets
November 06, 2024 07:08 PM AEDT| By Team Kalkine MediaHighlights,Persimmon delivered 1,416 homes in Q3, maintaining progress toward a full-year target of 10,500 completions.,Private forward sales increased 40% to £1.45 billion, supported by stable market conditions and early multi-year reservations.,The...
IWG Experiences Revenue Boost as Workers Resume Office Presence
November 05, 2024 08:06 PM AEDT| By Team Kalkine MediaHighlights:,International Workplace Group (IWG) reports 2% revenue growth for Q3 2024, driven by strong performance in managed and franchised properties.,Managed and franchised property revenue surged 19%, with fee revenue up 46% year-on-year.,IWG’s...
Strategic developments in logistics have been outlined by SEGRO Plc to enhance operational efficiency
November 04, 2024 08:02 PM AEDT| By Team Kalkine MediaHighlights,SEGRO Plc has received an average rating of "Moderate Buy" from seven research firms, with a mix of buy and hold recommendations.,The stock's average one-year price target among analysts is approximately GBX 986.50.,Recent analyst reports...
Feedback PLC Announces £6.27 Million Fundraising Plan to Boost Bleepa Rollout and Product Development
November 04, 2024 07:28 PM AEDT| By Team Kalkine MediaHighlights,Fundraising to generate approximately £6.27 million through Placing, Subscription, and Retail Offer.,Funds to accelerate Bleepa’s expansion, particularly with NHS partners.,Company targets EBITDA profitability by 2027, pending successful N...
UK Budget Delivers £5 Billion Housebuilding Boost Amid Mixed Reactions from Sector
October 30, 2024 08:15 PM AEDT| By Team Kalkine MediaHighlights:,£5 Billion Housebuilding Fund:,Budget commits to affordable and social housing, aiming for 1.5 million new homes.,Build-to-Rent and Mortgage Support Extended:,£3 billion for build-to-rent schemes; 95% mortgage guarantee schemes,retained,....
Foxtons Strengthens Lettings Portfolio with Strategic Acquisitions in Commuter Belt
October 29, 2024 10:39 PM AEDT| By Team Kalkine MediaHighlights:,Foxtons acquires Haslams and Imagine Property Group for £12.6 million, expanding presence in Reading and Watford.,CEO Guy Gittins outlines a strategy to drive earnings growth and achieve £25-30 million adjusted operating profit.,The acqui...
Institutional Investors Noted for 48% Stake in Sirius Real Estate Limited (LSE:SRE)
October 28, 2024 06:35 PM AEDT| By Team Kalkine MediaHighlights,Institutional ownership comprises approximately 48% of Sirius Real Estate, indicating sensitivity to institutional trading actions.,The top 25 shareholders collectively hold 47% of the business, suggesting a diverse ownership structure wit...
Foxtons Posts Strong Third Quarter Revenue Growth Amid Market Recovery
October 24, 2024 09:12 PM AEDT| By Team Kalkine MediaHighlights:,Foxtons achieved an 8% increase in Q3 revenue, totaling £47.4 million, with a 10% rise in year-to-date revenue.,Property sales revenue for Q3 surged 36%, driven by a 34% increase in transaction volumes.,The company’s sales pipeline is 23%...
British Land Appoints David Walker as New Chief Financial Officer
October 23, 2024 10:33 PM AEDT| By Team Kalkine MediaHighlights,David Walker will take over as British Land’s CFO on 20 November 2024, replacing Bhavesh Mistry.,Walker brings over a decade of experience in finance, strategy, and investor relations, having previously served as COO and Interim CFO at Bri...
British Land Shares Rise Above Two Hundred Day Moving Average
October 23, 2024 08:23 PM AEDT| By Team Kalkine MediaHighlights,Crossing the 200-Day Moving Average,: British Land's share price moved above the 200-day moving average of 412.49 GBX, indicating potential momentum in the stock.,Trading Activity,: The stock reached a high of 426.40 GBX during trading, de...
PRS REIT Puts Itself Up for Sale Following Shareholder Dispute
October 23, 2024 07:32 PM AEDT| By Team Kalkine MediaHighlights:,PRS REIT initiates a formal sales process following a shareholder dispute that led to the resignation of its chairman.,The strategic review aims to explore options to maximize shareholder value, including potential sale or merger.,Shares...
Barratt Redrow Reports First Trading Update After Acquisition, Sets Ambitious Growth Targets
October 23, 2024 06:41 PM AEDT| By Team Kalkine MediaHighlights,Acquisition Synergies,: The merger aims to achieve £90 million in cost savings and open 45 new sales outlets by FY28.,Growth Ambitions,: Barratt Redrow targets a return to 22,000 home completions in the medium term.,Market Outlook,: Increa...
Morgan Sindall Shares Surge 12% After Profit Upgrade
October 22, 2024 07:53 PM AEDT| By Team Kalkine MediaHighlights:,Morgan Sindall (LSE:MGNS) upgrades full-year profit forecasts, driven by strong performance in the fit-out division.,Shares hit a record high of 3,658p, rising over two-thirds year to date.,UK construction output grew at its fastest rate...
Lacklustre Performance Leads to 32% Decline in Fletcher King Plc's Share Price
October 18, 2024 06:26 PM AEDT| By Team Kalkine MediaHighlights:,Fletcher King Plc has experienced a significant share price decline of 32% over the past month, capping a 14% drop over the last year.,The company’s price-to-earnings (P/E) ratio stands at 12.4x, notably lower than the average P/E of many...
Robust demand is recorded by Workspace amid a decrease in rent roll
October 17, 2024 06:23 PM AEDT| By Team Kalkine MediaHighlights:,Workspace Group reports strong demand for flexible office space, completing 296 new lettings valued at £7.4 million in Q2.,Like-for-like occupancy declined by 0.7% to 87.5% due to a higher-than-usual number of larger customer vacates.,Pos...
Why is Primary Health Properties gaining limelight today?
October 16, 2024 11:57 PM AEDT| By Team Kalkine MediaKey Points:,PHP generated an additional £2.7 million in rental income during the nine months leading to September 2024, reflecting a slight decrease from the previous year but indicating continued growth in a challenging market.,The company announced...
Virgin Media O2 Pre-Leases Office Space at HBD's Island Development in Manchester
October 16, 2024 11:07 PM AEDT| By Team Kalkine MediaKey Points:,Virgin Media O2 has pre-let 45,700 sq ft of office space at HBD's Island development in Manchester, securing a 10-year lease for approximately 50% of the building.,The telecommunications company will consolidate multiple regional sites in...
Whitbread Introduces No Significant Change to FY25 Outlook Despite Challenging Market Conditions
October 16, 2024 06:06 PM AEDT| By Team Kalkine MediaKey Points,Premier Inn Performance,: UK accommodation sales remained steady, outperforming the broader Midscale and Economy market.,Growth in Germany,: Total accommodation sales increased by 22%, driven by commercial initiatives and a growing estate....
Workspace Group Sees Strong Lettings Despite Minor Drop in Occupancy
October 15, 2024 06:31 PM AEDT| By Team Kalkine MediaKey Points:,Workspace Group completed 296 new lettings in Q2, with an annual rental value of £7.4 million, despite a decrease from the first half.,Like-for-like rent per square foot rose by 1.6% in Q2, while occupancy fell slightly to 87.5%.,The comp...
AI on the Rise: A Look at Top AI Companies and Their Stocks