WINNERS & LOSERS: Chemring wins deal; Big Yellow calls for sale
(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Wednesday. Read More
(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Wednesday. Read More
Great Portland Estates PLC - London-based office space developer and landlord - Signs 40 new leases and renewals worth GBP19.0 million in annual rent in the three months that ended September 30, the company's financial second quarter. Great Portland says the leases were signed at 4.1% ahead of estimated rental value. It has a further GBP9.8 million in annual rent under offer at 6.7% ahead of estimated rental value. "With high-quality space increasingly scarce across our core central London markets, we are well positioned to maintain this momentum," says Chief Executive Toby Courtauld. Read More
Great Portland Estates PLC - London-based office space developer and landlord - Pre-lets an initial floor of its fully managed workspace at City Tower in the City of London ahead of completion in early 2027. The lease is for over 4,300 square feet in total, and Great Portland Estates says a further floor is under offer. The company doesn't name the tenant, but its say the deal reflects demand from growth businesses in the software solutions and artificial intelligence-led sectors. Great Portland Estates says it is reconverting a further 38,000 square feet of space to fully managed workspaces. Leasing & Flex Workspaces Director Simon Rowley says: "Pre letting fully managed space ahead of completion is rare and a clear endorsement of both City Tower and the strength of our offer. We are seeing strong demand from customers seeking high quality, flexible workspace in the heart of the City, giving us real confidence in the building's leasing trajectory." Read More
Saga PLC - London-based provider of products and services for people over 50 - Adds two new non-executive directors to its board, both with chief executive officer experience and both of whom worked earlier in their careers for amusement park operator Merlin Entertainments. Justin Platt currently is CEO of pub chain Marston's PLC and previously was chief strategy officer for Merlin. Emma Woods was CEO of noodle restaurant chain Wagamama and previously had worked at Merlin in senior marketing roles. She currently is a non-executive director of office space developer Great Portland Estates PLC. Woods joins the Saga board immediately, while Platt will join on January 11 next year. Read More
Great Portland Estates PLC - London-based office space developer and landlord - Says Moody's Ratings reaffirms its Baa2 long-term issuer rating with a stable outlook following a periodic review. The result reflects strong balance sheet, market positioning and resilient business strategy, Great Portland Estates says. Moody's also cites a high-quality central London office portfolio, record leasing activity in financial 2026, rental growth and financial flexibility. Great Portland will provide half-year results on November 19. Chief Financial Officer Jayne Cottam says the company remains "well positioned to deliver significant rental income and long-term value through our growing fully managed office offer and substantial development pipeline." Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
Great Portland Estates PLC - London-based office space developer and landlord - Completes 30 Duke Street, an office and retail building in the St James's neighbourhood of central London. Great Portland says the development is completed on time, on budget, and fully pre-let. Private equity firm Clayton, Dubilier & Rice LLC makes the building its headquarters, while the retail space is let to menswear brand MJ Bale and restaurant group L'Eto. Average rents are 6.7% ahead of estimated rental value, meaning Great Portland expects a development profit on cost of 37.1%. The company also notes that 78% of 30 Duke Street's steel frame is made from recovered steel, primarily from Great Portland's deconstructed City Place House. This reduced the carbon emissions from the steel frame by 90% compared with entirely new steel. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Great Portland Estates PLC on Thursday said it has let a further 9,312 square feet of office space at its 16 Dufour's Place property in London's Soho neighbourhood, taking occupancy of the refurbished building to 71%. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Great Portland Estates PLC on Thursday said it has started the financial year well, with strong demand for property across its portfolio. Read More
(Alliance News) - The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Monday. Read More
(Alliance News) - The following London-listed shares received analyst recommendations on Monday morning and on Friday: Read More
(Alliance News) - Great Portland Estates PLC on Monday called the pre-letting of a property in central London a "great result". Read More
Great Portland Estates PLC - London-based office space developer and landlord - Secures 12 new fully managed leasing deals totalling over 41,000 square feet, providing GBP8.0 million in annual rent at an average of GBP195 per square foot. The transactions are completed at an average of 3.7% ahead of March estimated rental value, Great Portland says. This shows "continued pricing strength and sustained demand for GPE's high-quality, flexible workspace offer," it says. Looking ahead, the company says it is progressing on the next phase of its fully managed pipeline, including The Courtyard and The Howlett, both currently under construction and due to be completed in 2027. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - Great Portland Estates PLC on Thursday provided an optimistic update on "leasing momentum" at its City Tower development. Read More