REI Share News (RLE)

Sunday share tips: Halfords, Sports Direct, Real Estate Investors

Buy shares of Halfords to capitalise on the UK's retail recovery and the growing craze for cycling, Questor advised in the Sunday Telegraph. The shares have risen about 60% since Questor recommended them in early October 2013 but have gone sideways in the past month. The Tour de France has boosted c

Real Estate Investors sells Birmingham property for £4.6m

West Midlands-based property group Real Estate Investors has sold its Cathedral Place property to Can Life UK for £4.6m. The property, which is located in Waterloo Street, Birmingham, was purchased at £356 per square foot and received a net initial yield of 4.12%. Chief Executive Officer Paul Bass

Real Estate Investors Sells Cathedral Place For GBP4.6 Million

Real Estate Investors Adds To Portfolio, Secures New Lettings

LONDON (Alliance News) - Real Estate Investors PLC Wednesday said it has added to its property portfolio with the acquisition of three properties, while it has also secured new lettings worth GBP300,000 a year. The West Midlands-based property investment company bought City Gate House in Le

Good Energy's Finance Director reduces stake after strong results

Garry Peagam, the Group Finance Director of Good Energy Group, has traded in shares worth 122,335 pounds one week after the AIM-listed renewable energy provider delivered a doubling of its pre-tax profits. The director traded in 42,500 shares at 287.85p a time. Following the sale, Garry Peagam h

UK MORNING BRIEFING: Glencore Sells Interest In Peru Copper Project

LONDON (Alliance News) - Glencore Xstrata said Monday it has agreed to sell its interest in the Las Bambas copper project in Peru to a Chinese consortium including MMG, Guoxin International Investment Corp and CITIC Metal Co for USD5.85 billion in cash. The deal is part of an agreement to w

Real Estate Investors Buys Birmingham Building For GBP1.6 Million

LONDON (Alliance News) - Real Estate Investors PLC Monday said it has acquired 33 Bennetts Hill in Birmingham city centre for GBP1.6 million in cash from commercial property consultants GVA, acting on behalf of Royal Bank of Scotland Group PLC. The West Midlands-based property group said th

Real Estate Investors Raises GBP20M In Share Placing

LONDON (Alliance News) - Real Estate Investors PLC Wednesday said it has GBP20 million through the conditional placing of 40.0 million shares, which it will use to make acquisitions in the West Midlands property market. The placing price of 50 pence represents a premium of 1.0% to the closi

Real Estate Investor Acquires Leamington Spa Property For GBP2.35M

LONDON (Alliance News) - Real Estate Investor PLC said Friday that it had acquired the Lunn Poly House Parade in Leamington Spa, Warwickshire for GBP2.35 million. The property produces a rental income of GBP262,300 per year, and has tenants including Thomas Cook Retail Ltd, TUI UK Ltd, Shar

Real Estate Investors Plans Conversion To REIT As Profit Soars

LONDON (Alliance News) - Real Estate Investors PLC Monday reported an increase in profit and revenue for the year, as it prepares to convert into a real estate investment trust. The company, which invests in commercial property principally in the Midlands, posted pretax profit of GBP5.0 mil

Real Estate Investors Says Significant Lettings Signed; Sells Properties For GBP6M

LONDON (Alliance News) - Real Estate Investors PLC Wednesday said it has signed a number of significant lettings during the second-half, as it benefited from a recovery in the fair vale movement charge on a financial instrument of GBP2 million, which is a non-cash item. The property investm

Real Estate Investors In GBP1.8 Million Property Acquisition

Real Estate Investors Lets Space In West Bromwich Property

Real Estate Investors Increases Pretax Profit Thanks To Interest Rate Swaps

Tuesday broker round-up UPDATE

Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 350p. Andes Energia: Westhouse Securities initiates with a target price of 60p and a buy recommendation. Andor Technology: Investec reduces target price from 525p to 360p downgrading from buy to hold. A