Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCust Prop Inc Share News (CREI)

Share Price Information for Cust Prop Inc (CREI)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 72.00
Bid: 71.50
Ask: 71.80
Change: -0.10 (-0.14%)
Spread: 0.30 (0.42%)
Open: 70.90
High: 72.20
Low: 70.10
Prev. Close: 72.10
CREI Live PriceLast checked at -
Custodian REIT is an Investment Trust

To provide shareholders with an attractive level of income together with the potential for capital growth from investing in a diversified portfolio of commercial real estate properties in the UK.

Find out More

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

Tue, 02nd Apr 2024 09:09

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

Oil majors and gold miners soared in the FTSE 100 off the back of rising oil and bullion prices.

The FTSE 100 index opened up 48.35 points, 0.6%, at 8,000.97. The FTSE 250 was up 75.55 points, 0.4%, at 19,960.28, and the AIM All-Share was up 3.78 points, 0.5%, at 747.04.

The Cboe UK 100 was up 0.5% at 800.00, the Cboe UK 250 was up 0.3% at 17,393.65, and the Cboe Small Companies was marginally lower at 14,549.67.

In European equities on Tuesday, the CAC 40 in Paris and the DAX 40 in Frankfurt were each up 0.1%.

UK house prices rose 1.6% in March compared to a year ago, according to the latest Nationwide survey and coming in below FXStreet-cited expectations of a 2.4% rise. In February, this rose by 1.2%.

On a monthly basis, prices fell 0.2% in March from February, compared to a 0.7% rise in February from January. The market expected a 0.3% rise.

Capital Economics said the monthly fall suggested that "the rise in mortgage rates since the turn of the year has caused house prices to stall".

"Looking ahead, we think mortgage rates will hover just below 5% until there is firmer evidence that the Bank of England is on the cusp of significant rate cuts, so house prices are likely to flatline over the summer," said Capital Economics analyst Andrew Wishart.

"But if we are right in forecasting a larger reduction in bank rate than most expect into next year, prices are likely to start rising again towards year-end."

Market attention was otherwise dominated by the release of manufacturing PMI data, with more to come on Tuesday.

Growth in the US manufacturing sector continued in March but at a slower rate, final purchasing managers' index survey results from S&P Global confirmed on Monday, while the similar Institute for Supply Management survey showed a swing to growth from contraction.

The S&P Global US manufacturing PMI slipped to 51.9 points in March from 52.2 in February. This was below the flash result for March, released last month, which had shown an improvement to 52.5 points.

The score for last month was still above the neutral 50-point mark, and the expansion in production reached a 22-month-high.

The ISM PMI showed a more striking improvement last month, indicating a swing to expansion from contraction.

The ISM PMI for manufacturing reading was 50.3 points for March, compared to 47.8 for February and 49.1 for January. A less impressive rise to 48.4 points was expected for last month.

The readings came after data showed US inflation pressure eased ever-so-slightly in February to 2.8% on-year from 2.9% in January, according to the Federal Reserve's preferred indicator, the core personal consumption expenditures index. The data, released on Friday, was in line with consensus cited by FXStreet.

The core data excludes food and energy. The annual headline PCE index, which does not, picked up 2.5% in February, accelerating slightly from 2.4% in January. The February outcome was in line with consensus.

In the US on Monday, Wall Street ended largely lower, with the Dow Jones Industrial Average down 0.6%, the S&P 500 down 0.2% but the Nasdaq Composite up 0.1%

The pound fell to USD1.2549 early on Tuesday in London, compared to USD1.2640 at the equities close on Thursday last week. The euro stood lower at USD1.0734, against USD1.0803.

Meanwhile, monthly factory activity in China grew for the first time in half a year, official figures showed, in a positive sign for policymakers seeking to revive the world's second-largest economy.

The PMI came in at 50.8 points in March, according to the National Bureau of Statistics, up from 49.1 in February. The last expansion in China's monthly PMI was in September, with factory activity consistently negative since then, according to NBS data.

The trend of improvement was confirmed by the Caixin manufacturing PMI, which edged up to 51.1 from 50.9.

In Asia on Tuesday, the Nikkei 225 index in Tokyo inched up 0.1%. In China, the Shanghai Composite slipped 0.1%, though the Hang Seng index in Hong Kong gained 2.2%. The S&P/ASX 200 in Sydney closed down 0.1%.

The downturn in Japan's manufacturing sector slowed in March, according to survey data. The au Jibun Bank PMI rose to 48.2 points in March from 47.2 in February, confirming a prior flash estimate.

Against the yen, the dollar was trading higher at JPY151.73 on Tuesday, compared to JPY151.29 late Thursday.

In the FTSE 100, gold miners and oil majors were among the better large-cap performers.

Frensillo traded 4.9% higher. Shell and BP rose 2.3% and 2.2%.

Brent oil rose steeply to USD88.28 a barrel early in London on Tuesday from USD86.56 late Thursday last week. Gold rose to USD2,254.62 an ounce against USD2,221.01.

HSBC climbed 1.7%, after it announced it sealed the sale of HSBC Bank Canada to Royal Bank of Canada.

The lender will book a USD4.9 billion "estimated gain on sale" in its first quarter, inclusive of the recycling of an estimated USD600 million in foreign currency translation reserve losses.

HSBC intends to declare a special dividend of USD0.21 per share in its first quarter earnings, subject to board approval and finalisation of results. This would be in addition to any proposed interim dividend and payable at the same time in June if approved.

AstraZeneca rose 1.0%.

The pharmaceutical firm said its biologics licence application for datapotamab deruxtecan was accepted by the US Food & Drug Administration for the treatment of specific forms of breast cancer.

AstraZeneca said the decision was based on the results of the Tropion-Breast01 phase 3 trial in which Dato-DXd "demonstrated a statistically significant and clinically meaningful improvement" in progression-free survival compared to chemotherapy and at least one systemic therapy.

The prescription drug user fee act date, the FDA action date for its regulatory decision, is during the first quarter of 2025.

Meanwhile, AstraZeneca's Voydeya has been approved in the US to treat extravascular haemolysis in adults suffering from rare blood disease paroxysmal nocturnal haemoglobinuria. The FDA approval comes off the back of positive results from the Alpha phase 3 trial.

In the FTSE 250, RHI Magnesita lost 2.3%, after it said it intends to acquire US-based Resco Group for an enterprise value of up to USD430 million. Resco is a producer of alumina monolithics and wide range of basic and non-basic refractories.

The refractory products for metals processing manufacturer said the deal is subject to customary closing conditions including merger control authority approval, and is expected to be completed in the second half of 2024.

RHI Magnesita has agreed to pay a deposit of USD18 million, which can be offset against the wider transaction amount but is non-refundable if the deal does not complete. It has also agreed to make ticker payments relating to triggering events or completion conditions.

RHI added: "Currently approximately 50% of RHI Magnesita's US sales are not produced in the country. The acquisition will increase RHI Magnesita's local production in the US and Canada by transferring significant volumes of production from non-US plants to the Resco production facilities in the US."

Elsewhere in London, real estate investment trust Custodian Property Income lost 0.9%, after it said it completed the sale of an industrial unit in Weybridge, England for GBP6.0 million.

This was alongside unconditionally exchanging on the disposal of a vacant industrial unit in Warrington for GB9.0 million, which is expected to close in mid-April.

Custodian Property Income said the total GBP15.0 million proceeds would be used towards repaying its existing revolving debt facility, reducing its loan-to-value ratio by around 2%.

Still to come on Tuesday's economic calendar is a UK manufacturing PMI reading at 0930 BST.

By Greg Rosenvinge, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
13 Jun 2024 11:54

Custodian Property Income awaits rate cut as net asset value falls

(Alliance News) - Custodian Property Income REIT PLC said 2024 could be a turning point for real estate investment, as it reported a decline in net asset value in its recent financial year.

Read more
13 Jun 2024 10:29

Custodian Property posts robust set of full-year results

(Sharecast News) - Custodian Property Income REIT reported a robust full-year performance in its final results on Thursday, with EPRA earnings per share growing 3.6% to 5.8p, up from 5.6p in the prior year.

Read more
24 May 2024 15:56

UK dividends calendar - next 7 days

Monday 27 May 
no events scheduled 
Tuesday 28 May 
Atrato Onsite Energy PLCdividend payment date
Chesnara PLCdividend payment date
Costain Group PLCdividend payment date
CQS Natural Resources Growth & Income PLCdividend payment date
Foxtons Group PLCdividend payment date
Quilter PLCdividend payment date
Team Internet Group PLCdividend payment date
Tetragon Financial Group Ltddividend payment date
Wednesday 29 May 
Fresnillo PLCdividend payment date
Mortgage Advice Bureau Holdings PLCdividend payment date
Seplat Energy PLCspecial dividend payment date
Stelrad Group PLCdividend payment date
Tyman PLCdividend payment date
Wheaton Precious Metals Corpex-dividend payment date
Thursday 30 May 
Advanced Medical Solutions Group PLCex-dividend payment date
Alfa Financial Software Holdings PLCex-dividend payment date
Alfa Financial Software Holdings PLCspecial dividend payment date
Alliance Trust PLCex-dividend payment date
Anexo Group PLCex-dividend payment date
Associated British Foods PLCex-dividend payment date
Baillie Gifford Shin Nippon PLCdividend payment date
BlackRock World Mining Trust PLCex-dividend payment date
British Smaller Cos VCT2 PLCex-dividend payment date
Britvic PLCex-dividend payment date
Canadian General Investments Ltdex-dividend payment date
Card Factory PLCex-dividend payment date
Centamin PLCex-dividend payment date
Centrica PLCex-dividend payment date
Cerillion PLCex-dividend payment date
Coats Group PLCdividend payment date
Coca-Cola HBC AGex-dividend payment date
DFS Furniture PLCdividend payment date
Dowlais Group PLCdividend payment date
Downing Renewables & Infrastructure Trust PLCex-dividend payment date
Fair Oaks Income Ltdex-dividend payment date
Fair Oaks Income Ltd Realisationex-dividend payment date
Gamma Communications PLCex-dividend payment date
Great Portland Estates PLCex-dividend payment date
H&T Group PLCex-dividend payment date
Henderson EuroTrust PLCex-dividend payment date
Hill & Smith PLCex-dividend payment date
Hilton Food Group PLCex-dividend payment date
Intertek Group PLCex-dividend payment date
JPMorgan European Growth & Income PLCex-dividend payment date
JPMorgan Global Growth & Income PLCex-dividend payment date
JTC PLCex-dividend payment date
Keller Group PLCex-dividend payment date
Law Debenture Corp PLCex-dividend payment date
Likewise Group PLCex-dividend payment date
LMS Capital PLCex-dividend payment date
Macfarlane Group PLCdividend payment date
Marks & Spencer Group PLCex-dividend payment date
Mobeus Income & Growth 2 VCT PLCex-dividend payment date
Octopus AIM VCT 2 PLCex-dividend payment date
Octopus Titan VCT PLCdividend payment date
On the Beach Group PLCex-dividend payment date
Origin Enterprises PLCex-dividend payment date
PetroTal Corpex-dividend payment date
Premier Miton Global Renewables Trust PLCex-dividend payment date
Regional REIT Ltdex-dividend payment date
Sage Group PLCex-dividend payment date
Seplat Energy PLCex-dividend payment date
Severn Trent PLCex-dividend payment date
Temple Bar Investment Trust PLCex-dividend payment date
Triple Point Social Housing REIT PLCex-dividend payment date
Ultimate Products PLCex-dividend payment date
Vanquis Banking Group PLCdividend payment date
Victrex PLCex-dividend payment date
Yu Group PLCex-dividend payment date
Friday 31 May 
abrdn Property Income Trust Ltddividend payment date
Albion Development VCT PLCdividend payment date
Alternative Income REIT PLCdividend payment date
Arbuthnot Banking Group PLCdividend payment date
Balanced Commercial Property Trust Ltddividend payment date
Bankers Investment Trust PLCdividend payment date
Bellevue Healthcare Trust PLCdividend payment date
City of London Investment Trust PLCdividend payment date
CQS New City High Yield Fund Ltddividend payment date
Custodian Property Income REIT PLCspecial dividend payment date
CVC Income & Growth Ltd EUROdividend payment date
CVC Income & Growth Ltd GBPdividend payment date
Derwent London PLCdividend payment date
Diverse Income Trust PLCdividend payment date
Dunedin Income Growth Investment Trust PLCdividend payment date
Ecofin Global Utilities & Infrastructure Trust PLCdividend payment date
EJF Investments Ltddividend payment date
Elementis PLCdividend payment date
Global Opportunities Trust PLCdividend payment date
Greencoat UK Wind PLCdividend payment date
Henderson Far East Income Ltddividend payment date
Henderson International Income Trust PLCdividend payment date
Henry Boot PLCdividend payment date
Ibstock PLCdividend payment date
IWG PLCdividend payment date
JPMorgan American Investment Trust PLCdividend payment date
JPMorgan Global Core Real Assets Ltddividend payment date
Kier Group PLCdividend payment date
Marwyn Value Investors Ltddividend payment date
Mobeus Income & Growth VCT PLCdividend payment date
NB Global Monthly Income Fund Ltddividend payment date
Octopus Renewables Infrastructure Trust PLCdividend payment date
Picton Property Income Ltddividend payment date
Portmeirion Group PLCdividend payment date
PPHE Hotel Group Ltddividend payment date
PRS REIT PLCdividend payment date
Reach PLCdividend payment date
Robert Walters PLCdividend payment date
Senior PLCdividend payment date
Shaftesbury Capital PLCdividend payment date
Sherborne Investors (Guernsey) C Ltddividend payment date
STV Group PLCdividend payment date
Target Healthcare REIT PLCdividend payment date
Taylor Maritime Investments Ltddividend payment date
TwentyFour Select Monthly Income Fund Ltddividend payment date
Vesuvius PLCdividend payment date
Weir Group PLCdividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
2 May 2024 13:49

UK dividends calendar - next 7 days

Friday 3 May 
Anglo American PLCdividend payment date
Beazley PLCdividend payment date
BP Marsh & Partners PLCdividend payment date
CT UK High Income Trust PLCdividend payment date
CT UK High Income Trust PLC - Class Bdividend payment date
European Smaller Cos Trust PLCdividend payment date
Glanbia PLCdividend payment date
Hikma Pharmaceuticals PLCdividend payment date
i3 Energy PLCdividend payment date
Marble Point Loan Financing Ltddividend payment date
Maven Income & Growth VCT 3 PLCdividend payment date
Maven Income & Growth VCT 5 PLCdividend payment date
North American Income Trust PLCdividend payment date
Pearson PLCdividend payment date
Segro PLCdividend payment date
Synectics PLCdividend payment date
TwentyFour Income Fund Ltddividend payment date
TwentyFour Select Monthly Income Fund Ltddividend payment date
Monday 6 May 
no events scheduled 
Tuesday 7 May 
Begbies Traynor Group PLCdividend payment date
Ferguson PLCdividend payment date
Manchester & London Investment Trust PLCdividend payment date
Mobius Investment Trust PLCdividend payment date
Nexus Infrastructure PLCdividend payment date
Pebble Group PLCdividend payment date
Pinewood Technologies Group PLCspecial dividend payment date
Thungela Resources Ltddividend payment date
Volution Group PLCdividend payment date
Wednesday 8 May 
Melrose Industries PLCdividend payment date
Personal Group Holdings PLCdividend payment date
Thursday 9 May 
Admiral Group PLCex-dividend payment date
AG Barr PLCex-dividend payment date
Aurora Investment Trust PLCex-dividend payment date
Balanced Commercial Property Trust Ltdex-dividend payment date
Bank of Ireland Group PLCex-dividend payment date
Bellevue Healthcare Trust PLCex-dividend payment date
Braime Group PLCex-dividend payment date
Centaur Media PLCex-dividend payment date
Chenavari Toro Income Fund Ltdex-dividend payment date
Clarkson PLCex-dividend payment date
Coca-Cola Europacific Partners PLCex-dividend payment date
Custodian Property Income REIT PLCex-dividend payment date
CVC Income & Growth Ltd EUROex-dividend payment date
CVC Income & Growth Ltd GBPex-dividend payment date
Domino's Pizza Group PLCdividend payment date
Epwin Group PLCex-dividend payment date
F&C Investment Trust PLCdividend payment date
Fidelity Special Values PLCex-dividend payment date
Focusrite PLCex-dividend payment date
Grafton Group PLCdividend payment date
Gresham Technologies PLCex-dividend payment date
Headlam Group PLCex-dividend payment date
Henderson International Income Trust PLCex-dividend payment date
HSBC Holdings PLCex-dividend payment date
Ibstock PLCex-dividend payment date
Invesco Perpetual UK Smaller Cos Investment Trust PLCex-dividend payment date
JPMorgan Global Core Real Assets Ltdex-dividend payment date
Lancashire Holdings Ltdex-dividend payment date
LSL Property Services PLCex-dividend payment date
M&C Saatchi PLCex-dividend payment date
M&G PLCdividend payment date
Macfarlane Group PLCex-dividend payment date
Marwyn Value Investors Ltdex-dividend payment date
Midwich Group PLCex-dividend payment date
Montanaro UK Smaller Cos Investments Trust PLCdividend payment date
Octopus Titan VCT PLCex-dividend payment date
One Media iP Group PLCex-dividend payment date
Petershill Partners PLCex-dividend payment date
Picton Property Income Ltdex-dividend payment date
PRS REIT PLCex-dividend payment date
Reach PLCex-dividend payment date
Sherborne Investors Guernsey C Ltdex-dividend payment date
Sthree PLCex-dividend payment date
Sylvania Platinum Ltdex-dividend payment date
Taylor Maritime Investments Ltdex-dividend payment date
Tracsis PLCex-dividend payment date
Travis Perkins PLCdividend payment date
UIL Ltdex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
1 May 2024 11:29

Custodian Property maintains quarterly dividend

(Sharecast News) - Custodian Property Income maintained a fourth-quarter dividend of 1.375p, it confirmed on Wednesday, fully covered by its EPRA earnings per share of 1.5p.

Read more
1 May 2024 11:20

Custodian Property Income gives mixed update amid rental growth

(Alliance News) - Custodian Property Income REIT PLC on Wednesday noted rental growth in the industrial sector but lamented a "hiatus" in improving inflation statistics.

Read more
10 Apr 2024 10:08

IN BRIEF: Custodian Property Income sells car showroom for 15% premium

Custodian Property Income REIT PLC - real estate investment trust focused on UK commercial property - Sells vacant car showroom in Redhill, Surrey for about GBP2.4 million, a 15% premium to the December 31 valuation. Managing Director Richard Shepherd-Cross says: "Having initially considered refurbishing and reletting the asset, strong demand for the site from residential developers became apparent during the marketing period and disposing ahead of valuation to fund improvements to the remaining portfolio was deemed more accretive to shareholders."

Read more
2 Apr 2024 12:57

Custodian Property Income sells two units for GBP15 million in total

(Alliance News) - Custodian Property Income REIT PLC on Tuesday said it has completed the sale of an industrial unit in Weybridge for GBP6.0 million.

Read more
28 Mar 2024 11:55

LONDON MARKET MIDDAY: Stocks up as JD Sports surges, water firms down

(Alliance News) - Stock prices in London were up at midday on Thursday, shaking off some hawkish words from a US central banker and fresh number reiterating the UK entered a recession at the end of 2023.

Read more
28 Mar 2024 09:52

CREI shares jump as API shareholders reject planned merger

(Alliance News) - Shares in Custodian Property Income REIT PLC on Thursday jumped after a planned all-share merger with abrdn Property Income Trust Ltd was thwarted.

Read more
21 Mar 2024 20:03

TRADING UPDATES: CAP-XX raises funds; Shanta Gold dividend

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

Read more
19 Mar 2024 19:47

EARNINGS AND TRADING: Ten Lifestyle sees profit up but sales flat

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

Read more
18 Mar 2024 19:20

TRADING UPDATES: Chariot mulls future of Transitional Power business

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

Read more
14 Mar 2024 16:10

Abrdn Property Income urges shareholders back "compelling" merger

(Alliance News) - Abrdn Property Income Trust Ltd on Thursday provided an update on the proposed all-share merger with Custodian Property Income REIT PLC.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.