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Share Price: 19.00

Bid: 18.50

Ask: 19.50

Change: -0.40 (-2.06%)

Spread: 1.00 (5.405%)

Open: 19.40

High: 19.40

Low: 19.00

Prev. Close: 19.40

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First Property says full-year results are in line with market forecasts

Tue, 07th Apr 2015 10:57

First Property Group said on Tuesday it expects full-year profits to be in line with expectations thanks to new investments.The property fund manager revealed it holds £12m in cash, with £3m being held by Fprop Opportunities, a Polish fund where First Property holds a majority stake.Chief executive Ben Habib said: "The financial year just ended has been transformational for the Group with a very significant increase in the underlying sustainable earnings of the group."Habib added that these earnings should "comfortably exceed" the lost fee income from the end of a contract with USS last August.Shares were up 0.42% to 36.15p on Tuesday at 10:59.

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2 Jun 2009 16:46

London close: Late rally not enough

A rally in the afternoon session was not enough to lift the Footsie out of negative territory, though second-liners were moderately firmer on balance. Bank Barclays was the day’s worst performing blue-chip after news of the sale by IPIC broke overnight. Khadem Al Qubaisi, managing director of IPIC,

2 Jun 2009 14:40

London afternoon: Shares stuck in the red

Shares remain in the red after failing to find inspiration on Wall Street, which opened sluggishly. Bank Barclays is nursing a double-digit percentage decline after news of the impending sale by IPIC broke overnight. Khadem Al Qubaisi, managing director of IPIC, said that the sale did not represen

2 Jun 2009 11:55

London midday: Profit takers move in

Profit taking was the theme of the morning as investors reduced equity exposure after yesterday's sharp rise while Barclays tumbled on the revelation that Abu Dhabi's International Petroleum Investment Company (IPIC) is to bank profits on its Barclays stake. Barclays is nursing a double-digit perce

2 Jun 2009 08:56

First Property to re-enter UK market

Central and Eastern Europe-focused property fund First Property is sizing up a return to the UK market as confidence returns to the commercial property market. The group has just 5% of its funds invested in the UK but is looking to boost these, as activity and property valuations in its core region

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First Property says full-year results are in line with market forecasts

London close: Late rally not enough

London afternoon: Shares stuck in the red

London midday: Profit takers move in

First Property to re-enter UK market

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