LONDON BROKER RATINGS: Jet2 raised to 'buy'; Investec cuts Pagegroup
11th Jul 2025 09:45
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: Read More
LondonMetric Property PLC - London-based real estate investment trust - Announces a portfolio value of GBP7.3 billion as at June 30, when its first financial quarter ended, up 18% from GBP6.2 billion at March 31. Says this was driven by the acquisition of Highcroft Investment PLC in May and of Urban Logistics REIT in June. The integration of both businesses was "proceeding well", LondonMetric adds. "Operationally, the portfolio continues to perform well and occupier demand remains strong," the company says. Since March 31, it has added GBP3.1 million per year of additional rent from asset management initiatives, LondonMetric says. Read More
(Alliance News) - LondonMetric Property PLC on Friday said it has received a court order sanctioning its takeover of Urban Logistics REIT PLC. Read More
abrdn Asia Focus PLC - investor in smaller, listed companies in Asia and Australasia - Will be promoted to FTSE 250 index from Monday, index operator FTSE Russell said Wednesday. The investor will replace Urban Logistics REIT PLC, which is being acquired by LondonMetric Property PLC. Read More
(Alliance News) - Highcroft Investments PLC on Wednesday said its takeover by London-based REIT LondonMetric Property PLC has now become effective. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - LondonMetric Property PLC on Tuesday said its annual profit nearly tripled, as the real estate investment trust reaped the rewards of a growing logistics portfolio and its merger with LXi REIT PLC. Read More
LondonMetric Property PLC - London-headquartered real estate investment trust - Announces the sale of various non-core and mature assets for GBP61.8 million, in separate transactions at a blended net initial yield of 6.1%. Says all assets were previously acquired through corporate acquisitions. They comprise, firstly, a multi-storey car park in Yorkshire let to Q-Parks and four pubs let to Stonegate, sold for GBP21.7 million at a blended NIY of 7.7%. Secondly, a multi-let industrial estate in Crawley was purchased for GBP21.4 million at a NIY of 5.05%. Thirdly, LondonMetric sold two retail assets let to Lidl and Wickes for GBP10.1 million at a blended NIY of 5.8%. Lastly, an occupier acquired a logistics unit in Southampton for GBP8.6 million at a NIY of 4.8%. Company says disposals are in line with prevailing book values and 10% above the assets' allocated prices at the time of purchase. Read More
(Corrects share prices of International Consolidated Airlines and LondonMetric at market close) Read More
(Alliance News) - Stock prices in London closed in the green on Friday, as investors continue to digest the new US-UK trade deal and look to talks starting this weekend between the US and China. Read More
(Alliance News) - LondonMetric Property PLC on Friday said it has agreed to acquire Urban Logistics REIT PLC in a cash-and-share deal worth approximately GBP698.9 million, as it doubles down on its bet that urban warehousing will drive rental growth in the UK real estate market. Read More
(Alliance News) - Stock prices in Europe opened higher on Friday, amid hope that trade tensions between the US and China could soften. Read More
(Alliance News) - London's FTSE 100 is called to open higher on Friday, on optimism that a UK-US trade agreement could pave the way for a similar pact with China, to ease the hit from tariffs. Read More
(Alliance News) - Urban Logistics REIT PLC on Monday confirmed the terms of an offer from LondonMetric Property PLC, following a preliminary takeover proposal last week. Read More
LondonMetric Property PLC - FTSE 100-listed London-based real estate investment trust - Confirms that on April 2, it submitted a non-binding, indicative, cash and share proposal to buy Urban Logistics REIT PLC, the UK-focused logistics real estate investment trust. Says it awaits the response of Urban Logistics. LondonMetric believes that Urban Logistics shareholders would benefit from LondonMetric's superior scale, enjoying exposure to a larger, more diverse portfolio, strong income characteristics, and better and cheaper access to financing, an efficient cost structure and improved liquidity in the trading of its shares. Also contrasts LondonMetric's internal management structure with strong alignment resulting from significant executive share ownership, compared with Urban Logistics' external management structure. Any deal would require Urban Logistics not proceeding to execute the internalisation of its management arrangements. LondonMetric confirms it has bought 5.6 million shares in Urban Logistics at 132.5 pence each and that any bid will not be made on less favourable terms. Read More
(Alliance News) - European stocks ended mixed on Friday, with the FTSE 100 shining as tariff worries kept a lid on enthusiasm on the mainland, while US banks traded mixed after a contrasting response to earnings. Read More