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Real estate
Alpha Real Trust Announces LSE Delisting and Cash Return Plan
December 06, 2024 11:23 AM GMT| By Team Kalkine MediaHighlights,Alpha Real Trust plans to delist from the LSE and transition to private company status.,Shareholders offered a tender at 208.8p per share, a 78% premium to recent market prices.,Delisting scheduled for 25 January 2025, with major sharehold...
British Land (LON:BLND) Faces Forecast Revision Amid Market Challenges
December 06, 2024 09:06 AM GMT| By Team Kalkine MediaHighlights,Berenberg Bank lowers British Land’s (BLND) target price from GBX 500 to GBX 480.,Stock is trading 5.0% lower as market conditions weigh on the company's performance.,Insider activity sees small share purchases, signaling confidence amid u...
UK House Prices Hit Record High with Fastest Growth in Two Years
December 06, 2024 08:00 AM GMT| By Team Kalkine MediaHighlights,UK house prices increased by 4.8% over the year to November, reaching a record high of £298,083.,Monthly growth of 1.3% in November marked the fifth consecutive positive reading.,Easing mortgage rates are driving demand, but affordability...
LSL Property Services (LON:LSL) Market Dynamics and Future Prospects
December 05, 2024 07:36 AM GMT| By Team Kalkine MediaHighlights,LSL Property Services (LSL) has experienced notable price volatility in recent months, ranging from £2.57 to £3.40.,The stock’s price-to-earnings (P/E) ratio of 21.9x slightly exceeds the industry average of 19.32x, suggesting limited valu...
Galliford Try Secures £87 Million in Prestigious London Redevelopment and Self-Storage Contracts
December 03, 2024 01:08 PM GMT| By Team Kalkine MediaHighlights:,£53 Million Sloane Street Redevelopment:,Galliford Try will retain a historic façade while creating luxury retail spaces, category-A offices, and a rooftop restaurant.,£34 Million Wapping Project:,The firm will deliver a state-of-the-art...
UK House Prices Surge in November Amidst Resilient Market Conditions
December 02, 2024 10:08 AM GMT| By Team Kalkine MediaHighlights:,Strong Monthly Growth:,UK house prices grew by 1.2% in November, marking the fastest annual rise in two years.,Labour Market Stability:,Resilient employment and strong income gains underpinned the housing market recovery.,Interest Rate Im...
House Prices Poised for Growth Amid Economic Resilience and Buyer Confidence
November 29, 2024 08:49 AM GMT| By Team Kalkine MediaHighlights:,House Price Growth Forecast:,Zoopla predicts a 7.5% rise in UK house prices over the next three years, with 2.5% growth anticipated in 2025.,Affordability Rebound:,Higher income growth and falling mortgage rates have improved housing affo...
Creightons Saw Modest Drop in Revenue in H1 2024 with Improvement in Gross Profit Margin
November 28, 2024 10:11 AM GMT| By Team Kalkine MediaHighlights,Margin Growth:,Creightons increased its gross profit margin to 44.0%, up from 42.2% in H1 2023, driven by cost reductions and SKU rationalization.,Operating Profit Surge:,Operating profit rose to £1.7 million, with a strong 6.3% operating...
AEW UK REIT Achieves 10% NAV Return and Maintains Steady Dividend Payouts
November 28, 2024 09:25 AM GMT| By Team Kalkine MediaHighlights,NAV Increase:,AEW UK REIT's NAV grew by 6.2%, reaching £172.76 million as of 30 September 2024.,Strong Total Return:,The NAV Total Return for the period was 10.05%, outperforming last year’s 4.30%.,Dividend Stability:,The company maintaine...
Foresight Group Reports EBITDA Growth and Increased Dividend in H1 FY25
November 28, 2024 08:50 AM GMT| By Team Kalkine MediaHighlights,Core EBITDA Growth:,Increased by 5% to £29 million, on track to double over five years.,AUM and FUM Expansion:,Assets under Management rose to £12.4 billion, driven by strategic fundraising.,Dividend Growth:,Interim dividend increased to 7...
Frontier IP Group Announces £3.0 Million Fundraising Plan
November 22, 2024 05:22 PM GMT| By Team Kalkine MediaHighlights,Placing:,A minimum of £2.7 million through the issue of 9.78 million new ordinary shares at 28 pence per share.,Subscription:,Directors and an employee subscribing for 1.04 million shares, raising £0.3 million.,Retail Offer:,Up to 3.57 mil...
Workspace Group Reports Steady Rental Growth and Sustainability Achievements in H1 2024
November 22, 2024 04:05 PM GMT| By Team Kalkine MediaHighlights,Rental growth and stable valuation:,Underlying rental income rose 4.3% to £60.2m, with portfolio valuation stabilizing at £2.42 billion.,Sustainability milestones:,First net-zero building completed; operational energy intensity reduced by...
Town Centre Securities (LSE:TOWN) Records a 4.6% Increase in Trading
November 22, 2024 10:03 AM GMT| By Team Kalkine MediaHighlights:,Town Centre Securities Plc stock rose 4.6% in mid-day trading on Thursday.,The company recorded a significant drop in trading volume, with only 2,850 shares exchanged.,Insider Michael Ziff sold a total of 15,300 shares on October 29th at...
Games Workshop’s Guidance Lifted, Workspace Reports Growth for First Half
November 22, 2024 09:45 AM GMT| By Team Kalkine MediaHighlights:,The FTSE 100 is projected to open 44 points higher on Friday, following a 0.79% gain on Thursday.,Games Workshop raises half-year guidance after exceeding trading expectations.,Workspace Group reports growth, with a 4.3% rise in net renta...
Shaftesbury Capital (LON:SHC) Shares Gain 1.2% Amid Reduced Trading Volume
November 22, 2024 09:10 AM GMT| By Team Kalkine MediaHighlights,Shaftesbury Capital SHC shares rose 1.2%, reaching GBX 129.90 during Thursday’s trading.,Trading volume dropped significantly, with 920,989 shares exchanged, down 78% from average levels.,The company saw its stock climb from,a previous,clo...
Dunelm Group Acquires Homefocus Group to Expand in the Republic of Ireland
November 20, 2024 10:20 AM GMT| By Team Kalkine MediaHighlights,Strategic Acquisition:,Dunelm has acquired Homefocus Group, a soft furnishings retailer with 13 stores across Ireland.,Geographical Expansion:,The acquisition gives Dunelm a strong foothold in the Republic of Ireland's £1bn+ homewares mark...
Crest Nicholson Achieves Multiple Milestones in FY24 Despite Difficult Trading Conditions
November 20, 2024 10:12 AM GMT| By Team Kalkine MediaHighlights,FY24 Volumes:,Delivered 1,873 units, with 45% affordable and PRS housing.,Financial Metrics:,Adjusted profit before tax expected at the lower end of £22m–£29m; net debt reduced to £8.5m.,Operational Strength:,Achieved five-star customer sa...
Eco Buildings Group Secures Major Housing Deal with Dominican Republic
November 19, 2024 12:01 PM GMT| By Team Kalkine MediaHighlights:,Dominican Partnership Secured:,Eco Buildings Group has partnered with the Dominican Republic government to provide 10,000 modular homes.,$237 Million Deal Inked:,The agreement with Gramma Constructora spans five years, with 2,000 units pl...
LandSec Rebounds but Still Struggles to Meet Return on Equity Targets
November 15, 2024 09:35 AM GMT| By Team Kalkine MediaHighlights:,Positive Shift in Return on Equity:,LandSec improved its return on equity to 3.9% in the six months to September 30, rebounding from negative returns last year.,Occupancy Rates Exceed Pre-Pandemic Levels:,LandSec reported a 96% occupancy...
Grand City Properties Reports 9M 2024 Results, Aligns with Year-End Guidance on Strong Operational Growth
November 14, 2024 07:12 AM GMT| By Team Kalkine MediaHighlights,Rental Income Growth,: Net rental income rose by 3% to €317 million.,Stable Earnings Per Share,: FFO I maintained at €141 million, or €0.82 per share.,Leverage Reduction Efforts,: LTV ratio stable at 36% as of September 2024,Grand City Pro...
