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London Stock Exchange

Share Price is delayed by 15 minutes

Share Price: 198.60

Bid: 199.10

Ask: 199.40

Change: -4.60 (-2.26%)

Spread: 0.30 (0.151%)

Open: 205.80

High: 205.80

Low: 198.60

Prev. Close: 203.20

LMP Live Price

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IN BRIEF: Hollywood Bowl to replace LXi REIT in FTSE 250

Thu, 29th Feb 2024 21:44

Hollywood Bowl Group PLC - Hemel Hempstead, England-based ten-pin bowling centre operator - To be added to FTSE 250 index with effect March 5, replacing outbound LXi REIT PLC, FTSE Russell says. On Tuesday, commercial real estate investment trust LXi REIT said shareholders backed its tie-up with LondonMetric Property PLC. The merger will see LondonMetric takeover LXi REIT, whose shareholders will receive 0.55 of a new LondonMetric share for each LXi REIT share that they own. LondonMetric shareholders will own 54% of the enlarged company and LXi holders the remaining 46%.

Current stock price: 326.00 pence

12-month change: up 36%

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News

2 Sep 2021 08:42

Londonmetric acquires urban logistics warehouse in Cardiff

(Sharecast News) - Real estate investment trust Londonmetric has acquired an urban logistics warehouse in Cardiff for £11.1m, reflecting a blended net initial yield of 5.0%.

16 Aug 2021 07:49

LondonMetric sells one of its two Primark warehouses

(Sharecast News) - LondonMetric Property has exchanged on the sale of its distribution warehouse in Thrapston, Northamptonshire, to EQT Exeter for £102m, it announced on Monday, reflecting a net initial yield of 4.1%.

9 Aug 2021 10:07

LondonMetric sells Leeds retail park for £25.2m

(Sharecast News) - LondonMetric has sold its retail park in Kirkstall, Leeds, for £25.2m, to a UK institutional investor.

26 Jul 2021 13:31

Monday broker round-up

(Sharecast News) - Ultra Electronics: Berenberg keeps at 'buy' but hikes target price from 2,730.0p to 3,500.0p.

7 Jul 2021 09:11

LondonMetric exchanges contracts on two new lettings

(Sharecast News) - Real estate investment trust LondonMetric Property has exchanged contracts on two new lettings totalling roughly 260,000 square feet, each on 15-year lease terms.

3 Jun 2021 12:50

Thursday broker round-up

(Sharecast News) - Experian: RBC Capital Markets downgrades to underperform with a target price of 2,400p.

27 May 2021 08:42

Londonmetric hikes dividend after swinging to FY profit

(Sharecast News) - Real estate investment trust Londonmetric hiked its final dividend on Thursday after swinging to a full-year profit on the back of higher annual rental income.

21 May 2021 07:38

LondonMetric buys two warehouses for £13.5m to become dark kitchens

(Sharecast News) - LondonMetric said it had bought two London warehouses for £13.5m which will be converted into "dark kitchens" serving the food delivery market.

19 May 2021 08:13

LondonMetric acquires urban logistics warehouse in Waltham Cross

(Sharecast News) - Real estate investment trust LondonMetric has acquired a "well-located" urban logistics warehouse in Waltham Cross for £43.8m as part of a sale and lease back transaction.

14 May 2021 07:34

LondonMetric buys three urban logistics warehouses for £19m

(Sharecast News) - LondonMetric Property has bought three urban logistics warehouses for £18.7m.

4 May 2021 10:21

LondonMetric completes £780m of new debt

(Sharecast News) - LondonMetric has completed its £380m private debt placement, with a blended maturity of 11.1 years and a blended coupon of 2.27%.

23 Apr 2021 07:01

LondonMetric sells two properties for combined £11.1m

(Sharecast News) - LondonMetric Property has sold two properties let to Marks & Spencer and Wickes in Derby for a combined £11.1m to unnamed buyers.

19 Apr 2021 07:07

LondonMetric reports strong rent collection

(Sharecast News) - LondonMetric said it collected 98% of March rents and that rent collection was strong across all sectors.

12 Apr 2021 07:37

LondonMetric sells 5 non-core office and retail assets for £38.5m

(Sharecast News) - LondonMetric Property said on Monday that it has sold five non-core office and retail assets for a combined £38.5m, its share of which is £28m.

25 Mar 2021 07:44

LondonMetric prices £380m placement to replace existing debt

(Sharecast News) - LondonMetric Property has priced a £380m private debt placement with a number of institutional investors in North America and the UK, it announced on Thursday, to replace existing debt facilities.