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Pin to quick picksCapital & Regional Share News (CAL)

Share Price Information for Capital & Regional (CAL)

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Share Price: 61.20
Bid: 60.20
Ask: 61.80
Change: 0.60 (0.99%)
Spread: 1.60 (2.658%)
Open: 61.20
High: 61.20
Low: 61.20
Prev. Close: 60.60
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Capital & Regional reports 'strong' leasing momentum, welcomes Debenhams clarity

Fri, 17th May 2019 08:04

(Sharecast News) - Shopping centre owner Capital & Regional reported "strong" leasing momentum on Friday as it welcomed further clarity around Debenhams.In an update following its annual general meeting a day earlier, the company said it completed 20 leasing transactions in the first four months of the year, comprising eight new lettings and 12 renewals for a combined annual income of £1.2m.Notable transactions completed in the last month include the letting of the final two floors of the Arndale House office to the council and terms agreed with Tesco for a 10-year lease renewal, both in Luton.Capital & Regional said it has a strong leasing pipeline, with 30 transactions currently agreed or in solicitors' hands for new lettings or renewals representing more than £2m of annual income. Meanwhile, occupancy has remained "robust" at 96.7% as at 30 April 2019. The company said footfall across its portfolio "significantly" outperformed the national index, with its three London centres increasing by 1.8%. Chief executive Lawrence Hutchings said: "We continue to see solid progress in executing our strategy to reposition our community centres to focus on needs based and less discretionary goods, especially in our London and South East assets. "We firmly believe that our repositioning and remerchandising plans, low average rents and high footfall metrics, differentiates our centres and ensures they remain relevant, profitable and attractive to retailers as the structural changes in physical retailing continue to evolve."Capital & Regional welcomed clarity around Debenhams, which it said means it can now plan its capex and remerchandising "proactively". It said that while none of the three Debenhams stores in its portfolio were among the 22 due to close next year, the company voluntary arrangement that was approved in May will dent its 2019 net rental income by around £0.7m, or £1.3m on an annualised basis.At 0950 BST, the shares were up 6.9% at 20.16p.
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14 Aug 2018 07:41

Capital & Regional dividend growth limited by retailer CVAs

(Sharecast News) - Capital & Regional saw the net asset value of its seven shopping centres dip in the first half of the year and said it expects full year dividend growth to be at the low end of its target range.

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7 Aug 2018 16:01

UK Earnings, Trading Statements Calendar - Next 7 Days

Wednesday 8 August GlencoreHalf Year ResultsPaddy Power BetfairHalf Year Year Year Year 9

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6 Aug 2018 08:13

Capital & Regional FD Staveley to step down

(Sharecast News) - Real estate investment trust Capital & Regional said on Monday that finance director Charles Staveley will step down from the board on 15 August and leave the company later in the year to pursue other business interests.

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2 May 2018 16:07

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 3 MayJames Fisher & SonsSavannah PetroleumTrinity MirrorEquiniti (re of

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13 Mar 2018 07:06

EUROPE RESEARCH ROUNDUP-Capital & Counties Properties, Inmarsat, Norsk Hydro

March 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Capital & Counties Properties, Inmarsat and Norsk Hydro, on Tuesday. * :

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12 Mar 2018 15:31

DIRECTOR DEALINGS: Capital & Regional Chairman Buys, Sells Shares

LONDON (Alliance News) - Capital & Regional PLC said on Monday Chairman Hugh Scott-Barrett bought and sold shares in the property real estate investment trust in last at

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8 Mar 2018 05:38

UK Stocks-Factors to watch on March 8

March 8 (Reuters) - Britain's FTSE 100 index is seen opening flat on Thursday, according to financial bookmakers. * UK-RECRUITERS: British recruiters a

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4 Jan 2017 14:02

Capital & Regional refinances mall property debt

(ShareCast News) - Capital & Regional has refinanced the debt on its five wholly-owned shopping malls with £372.5m of new debt facilities with three lenders to cut its blended interest rate to 3.27% from 3.52%. The three new facilities were a £165m 10-year loan with Teachers Insurance and Annuity As

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9 Dec 2016 09:15

Capital & Regional signs leases on two BHS spaces

(ShareCast News) - UK-focused specialist property real estate investment trust Capital & Regional announced on Friday that it exchanged two long-term leases for its former BHS units at The Mall Blackburn and The Mall Walthamstow, bringing new occupiers Wilko and the The Gym Group into the schemes an

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9 Dec 2016 08:53

HSBC upgrades Capital & Regional to 'buy'

(ShareCast News) - HSBC has upgraded Capital & Regional, a British manager of shopping centres, to 'buy' from 'hold' but lowered its price target to 66p from 69p. The company's recent disposal of the Camberley shopping centre and refinancing has reduced the bank's equity valuation by £14.5m, equival

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30 Sep 2016 08:27

BROKER RATINGS SUMMARY: Split View On Capita As Two Raise, Three Cut

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19 Aug 2016 13:47

Directors dealings: Capital & Regional boss buys-in after interims

(ShareCast News) - Capital & Regional's boss Hugh Scott-Barrett bought into the company's shares on the same day that it published its latest interims. On 18 August, the UK-focused specialist REIT unveiled a 16% jump in operating profits for the six-month stretch running up to 30 June to £13.7m, in

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18 Aug 2016 09:43

Thursday broker round-up

(ShareCast News) - Admiral Group: RBC reiterates underperform with a target price of 1600p. Laird: Berenberg maintains sell with a 230p target. BGEO Group: UBS reiterates neutral with a 2960p target. ICAP: Exane BNP Paribas upgrades to outperform with a 510p target. Poundland: Credit Suisse keeps

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11 Aug 2016 15:03

UK Earnings, Trading Statements Calendar - Next 7 Days

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18 Jul 2016 13:20

Monday broker round-up

(ShareCast News) - Experian: Barclays reiterates overweight with a target price of 1,550p. Rentokil: HSBC upgrades to hold with a 190p target. Card Factory: UBS reiterates buy with a 295p target. Capital & Regional: HSBC starts coverage at buy with a 61p target. Unilever: Goldman Sachs reiterates

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