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LONDON (Alliance News) - The Local Shopping REIT PLC Tuesday said Castlemore Securities FURBS Scheme, a company connected to non-executive Chairman Grahame Whateley, bought 2.4 million shares at a price of 26 pence per share Monday. Following this transaction, Whateley has an interest in 7.
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Local Shopping, a real estate investment trust, saw its share price plunge around 15 per cent on Wednesday after posting a pre-tax loss for the year ended September 30th, along with a significant reduction in its net asset value (NAV). The loss for the 12 month period totalled £6.07m, down from £9
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UK small caps rise 0.5 percent, outperforming a flat AIM share index , but lagging the mid-caps and the blue chips, up 1.5 percent and 1.2 percent, respectively. Solo Oil rallies 22 percent after the oil explorer receives an appraisal licence in Tanzania as part of the onshore Ruvuma psa ga
Read moreUK small caps rise 0.2 percent around midday trade, while the junior-listed AIM shares are flat, both indexes are lagging the mid-caps and the blue chips which add 1.2 percent and 0.9 percent respectively. Local Shopping real estate investment trust falls 13.3 percent after announcing that
Read moreUK real estate investment trust, Local Shopping REIT, has reported a 9.0 per cent average uplift on rent reviews in the four months to January 31st, an interim management statement has disclosed. The group reported an annualised rent roll from the core portfolio maintained at £16m. It stated that
Read moreLocal Shopping REIT has put itself up for sale after struggling to grow the business during a period of recurring recessions. The real estate investment trust (REIT) was established with the aim of becoming a market leading owner of shops in the UK, but things have not gone to plan, resulting in th
Read moreThe chairman of retail property group Local Shopping Reit said the company's wide geographic spread should help it cope with some regions of the country suffering more than others as the fiscal squeeze takes effect. The company, which owns convenience stores and other properties, said gross rental
Read moreLocal shop portfolio owner Local Shopping said trading conditions remain tough for its tenants as it reported a 1.4% drop in net asset value to 70p or £57.6m. Chairman Grahame Whateley commented, "Despite challenging trading conditions, our business model, with its diversified tenant base, continue
Read moreShares in Landore Resources jumped after the Canadian miner said it made a 'significant gold discovery' in its Junior Lake property in the province of Ontario. Shares in Texas-focused oil and gas firm TXO slumped after it said oil production in the six months to September 30 fell to 13,221 barrels
Read moreRetail property group Local Shopping kept the percentage of empty premises or voids steady in the four months to July, though the market remains tough. The overall void rate was unchanged at 11.8% at end July, Within this, residential voids fell to 0.8% (March 2009: 1.1%), deliberate voids remained
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