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Pin to quick picksCapital & Regional Share News (CAL)

Share Price Information for Capital & Regional (CAL)

London Stock Exchange
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Share Price: 52.00
Bid: 51.60
Ask: 51.80
Change: 0.50 (0.97%)
Spread: 0.20 (0.388%)
Open: 51.00
High: 52.00
Low: 51.00
Prev. Close: 51.50
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TRADING UPDATES: Acquisition of Hurricane Energy clears another hurdle

Thu, 25th May 2023 14:49

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Hurricane Energy PLC - Surrey, England-based oil and gas exploration company - Acquirer Prax Exploration & Production PLC receives confirmation from North Sea Transition Authority that the UK oil and gas industry regulator will not exercise its power over any onshore and offshore production licence currently held by Hurricane to revoke the licences or otherwise hinder the acquisition. Back in March, Hurricane agreed to be acquired by Prax for GBP249.0 million.

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Scirocco Energy PLC - Leeds, England-based investment firm focused on assets with the European sustainable energy and circular economy markets - Extends longstop date, alongside ARA Petroleum Tanzania, to allow further time for the divestment of its Ruvuma asset in Tanzania from June 30 to August 31. Says it is "confident" in achieving completion of the divestment within the extended timeline, but completion "cannot be guaranteed." Adds that previously announced acquisition of an anaerobic digestion plant in south-west England will not proceed due to the Ruvuma transaction delay.

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Capital & Regional PLC - London-based real estate investment trust focused on community shopping centres - Completes 29 new lettings and renewals worth GBP700,00 in four months to April 30 and is on track to deliver capital expenditure projects across its portfolio.

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Marwyn Value Investors Ltd - investment company managed by Marwyn Asset Management Ltd - Marwyn Investment Management invests GBP8 million in Palmer Street Ltd "to provide a differentiated business proposition in the private capital servicing sector". Says Palmer is expected to become an operational business in 2024 once regulatory approvals are finalised. Marwyn will be the lead investor.

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Gelion PLC - London-based Anglo-Australian battery technology - Says acquisition of lithium sulfur and silicon anode patent portfolios from Johnson Matthey PLC "already bearing fruit". Plans to retain majority of these intellectual property portfolios - which include over 450 patents - to strengthen Gelion's own development in the LiS battery market, but signs agreement to sell subset silicone anode IP that are non-core to Gelion- a total of 73 patents - to Sicona Technologies Pty Ltd for USD1.5 million.

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By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Capital & Regional reports 'strong' leasing momentum, welcomes Debenhams clarity

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Capital & Regional Amends Pay Policy After Investor Feedback

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18 Mar 2019 14:37

Capital & Regional faces tough conditions but still a 'buy' for Berenberg

(Sharecast News) - Berenberg has reduced its price target on Capital & Regional but insisted the property group remained a buying opportunity, despite the challenging conditions surrounding shopping centres.

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Monday broker round-up

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14 Mar 2019 10:53

Capital & Regional shares slide after tough year for retail

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WINNERS & LOSERS SUMMARY: Just Group Sinks After Scrapping Dividend

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One in ten UK shops empty amid 'perfect storm'

(Sharecast News) - Shopper visits to the high street, retail parks and shopping centres all fell last month, fresh data showed on Monday, while a newspaper report on the same day said mistrust between retailers and landlords was stoking a "perfect storm" for retail landlords.

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Capital & Regional portfolio value drops but FY profit seen in line

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JP Morgan sees rents falling as it cuts ratings for commercial property

(Sharecast News) - JP Morgan Cazenove has downgraded a host of European property companies, including FTSE 250 firm Hammerson, as the UK retail sector continues to battle weak consumer sentiment.

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