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Infrastructure and real estate
Berkeley Group and Taylor Wimpey In Focus as Housing Prices in Britain Hit Record High
October 20, 2020 03:33 AM AEDT| By Team Kalkine MediaSummary The average housing prices were recorded at a new high in October at £323,530 Rightmove has also revised its estimates for asking prices to rise by around 7 per cent by December 2020 Berkeley Group and Taylor Wimpey shares have g.....
Serco share prices rose after Britain extended Test and Trace contract
October 18, 2020 10:14 AM AEDT| By Kunal SawhneyThe share price of Serco Group Plc (LON: SRP) surged after it announced that the UK government has extended its contract for the Test and Trace scheme on 16 October 2020. At 11.25 AM, the company’s stock was trading around 17 per cent.....
PACE Submits its First UK Solar Project Plan
October 14, 2020 10:54 PM AEDT| By Kunal SawhneySummary Pathfinder Clean Energy (PACE) has submitted plans for its first subsidy-free solar projects in the UK The projects include two planning applications for solar farms The projects aims to provide power to approximately 12,500 households.....
SSE shares rise as it announces selling stake in waste to energy plants
October 14, 2020 10:39 PM AEDT| By Team Kalkine MediaSummary SSE to dispose interest in Ferrybridge and Skelton Grange multifuel assets to European Diversified Infrastructure Fund III. In the past, SSE sold stake in Walney Offshore Wind Farm to Greencoat UK Wind. Besides reducing its net debt, t.....
Is British Land’s Decision to Reinstate Dividends Sustainable?
October 11, 2020 03:18 AM AEDT| By Kunal SawhneySummary British Land Group has resumed the dividend payment and is expected to declare an interim dividend in November British Land has witnessed huge success from its retail parks portfolio, which have played a pivotal role in getting revenue .....
How is the Needle Moving on Two REITs Listed on the LSE: Unite Group & Secure Income REIT?
October 11, 2020 02:10 AM AEDT| By Kunal SawhneySummary Unite Group expects the rental income to fall by 15% to 20% in 2020/2021 due to the cancellation of bookings following covid-19. Approximately 88% of the beds are booked for the academic year 2020/2021. Secure Income REIT stated that t.....
UK House Prices at Highest Since 2016: Stock performance of Rightmove (LON: RMV) & Barratt (LON: BDEV)
October 08, 2020 08:47 PM AEDT| By Team Kalkine MediaSummary In September 2020, house prices in the UK rose at their fastest annual pace since June 2016. In a separate data from the ONS, the average UK house prices reached a new high of £238,000 in July. ONS said that the value of property.....
Are buy-to-let investors fleeing the UK property market?
October 07, 2020 05:38 AM AEDT| By Team Kalkine MediaSummary Due to the latest statistics on capital gains, a majority of long time buy-to-let investors saw an opportune time to sell. Many landlords are benefiting by selling their assets after thinking that the buy-to-let property market has rea.....
Covid-19 update: City mayor Sadiq Khan calls for a £5.7 billion bailout for ‘Transport for London’
October 01, 2020 11:11 PM AEST| By Team Kalkine MediaSummary Sadiq Khan, London’s mayor has urged the government to provide £5.7 billion bailout for Transport for London (TfL). The bailout package would help in keeping the UK capital’s transport system running for the next 18 mo.....
Google To Lease 70,000 Sq Ft Office Space in the UK-Is It A Sign of Recovery In Commercial Leasing Space?
September 30, 2020 10:40 PM AEST| By Kunal SawhneySummary The company announced its plans to lease out 70,000 square feet of space in the UK despite asking nearly 4,500 of its staff in the country to work from home until at least July 2021. This office space leasing exercise is in addition to .....
Second Covid-19 wave likely to close 12 million m2 of retail space
September 28, 2020 11:00 PM AEST| By Hina ChowdharySummary Due to the fears of a second coronavirus wave, landlords and developers could likely close around 12 million m2 of retail space and look for substitute tenants. Study by Altus Group said around 38 per cent of the 400 property developmen.....
Rising House Prices in The UK - Should You Buy A House Now?
September 28, 2020 10:11 PM AEST| By Team Kalkine MediaHouses and other real-estate assets largely remain dynamic, as far as their prices are concerned. House prices and the market values of residential homes across the UK have seen a considerable upswing after the markets started recovering fr.....
REITS Continue to Remain Under Pressure, Shaftesbury Receives Less Than Half of The Rent
September 26, 2020 10:10 PM AEST| By Team Kalkine MediaSummary Shaftesbury received only 41 per cent of the rent dues in the last six months The company has been struggling to relet flats as 20 per cent of the apartments UK property market recently witnessed shortening of leases, where the high st.....
Surge in Demand Lead UK Housebuilders to Consider Resuming Dividend
September 21, 2020 10:15 PM AEST| By Team Kalkine MediaDividend seeking investors were left heartbroken after witnessing an unprecedented loss of wealth erosion due to the onslaught of the coronavirus pandemic. Many A-listers such as BT Group Plc (LON: BT.A) and Barclays Plc (LON: BARC), had slashed or.....
UK house prices rose 3.4 per cent in June 2020, says ONS
September 17, 2020 10:10 PM AEST| By Team Kalkine MediaThe Office for National Statistics (ONS) came up with its house price data for June 2020 on 16 September 2020. The data revealed that the average house prices in Britain rose 3.4 per cent in the year to June 2020. This increase was up from 1......
Can FTSE 250 Listed Marshalls Deliver A Strong Recovery Post Restructuring?
September 16, 2020 11:20 PM AEST| By Kunal SawhneySummary Marshalls incurred restructuring costs of £17.6 million that included the closure of manufacturing facilities in Falkirk, Llan, and Livingston during the first half of 2020 Restructuring would help in improving efficiencies across.....
Quick Insights on Two Real Estate Stocks - LondonMetric Property & Safestore Holdings
September 12, 2020 11:44 PM AEST| By Kunal SawhneySummary LondonMetric Property’s net rental income increased by 24 percent year on year to £115.9 million in FY2020. Acquisition of Mucklow portfolio added £20.5 million to the net rental income in FY2020. Safestore Holdings g.....
UK House Builders Gain Confidence with Home Prices at a Four-Year High
September 10, 2020 11:11 PM AEST| By Team Kalkine MediaSummary House prices surged to a four year high in August 2020, driven by need for bigger homes and ongoing stamp duty holiday With a low interest rate regime, this might be a good time to buy houses and demand may continue to rise for few more.....
UK house prices rose strongest since 2016: Focus on Persimmon and Grainger
September 10, 2020 04:32 AM AEST| By Team Kalkine MediaSummary Prices of British houses recorded their biggest upward movement in August 2020 since 2016: Halifax house price data. In August 2020, the house prices in the UK grew by 5.2 per cent as compared to August 2019. It was for the first time.....
FTSE 100 listed Housebuilder - Persimmon Plc Restores Shareholder Pay-Out
August 24, 2020 02:53 AM AEST| By Kunal SawhneySummary Persimmon Plc announced a dividend of 40 pence per share after witnessing a boom in sales During the first half of the financial year 2020, total revenue of the company increased to £1,190 million As per Halifax the average UK h.....
