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Pin to quick picksCapital & Regional Share News (CAL)

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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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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

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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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13 Jul 2016 12:50

Capital & Regional portfolio mostly ahead in first half

(ShareCast News) - Specialist property real estate investment trust Capital & Regional updated the market on its trading in the first half of 2016 on Wednesday, ahead of its half-year results announcement on 18 August. The London-listed firm said contracted rent was £63.6m as at 30 June, up 9.5% fro

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13 Jul 2016 07:38

Capital & Regional Says Strong Momentum Continuing After Brexit Vote

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29 Jun 2016 15:20

DIRECTOR DEALINGS: Capital & Regional Non-Executive Buys Shares

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