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Friday preview: Japan data, Shaftesbury in the spotlight

Thu, 07th Feb 2019 15:08

(Sharecast News) - Barring surprises on the US-China trade talk front, or as regards Brexit, the market spotlight will shift to Japan at the end of the week.A raft of economic data is set to be published in Tokyo, including readings on household spending and the country's balance of payments, both covering the month of December.Back in the UK, the Recruitment and Employment Confederation will publish its staff placements and salaries surveys for the month of January.Further afield, the Central Bank of Russia is due to announce its policy interest rate decision and the Reserve Bank of Australia its monetary policy statement.Among the few outfits that are slated to update markets at the end of the week is Shaftesbury.Commenting on the London West End-focused real estate investment trust's recent performance, Numis's Robert Duncan called attention to the slowdown in ERV growth seen across its portfolio over the past few years.That, Duncan said, was weighing on the company's progress in leasing some of its major schemes and while management was continuing to take a long-term view, that approach was stoking the hostility of some top shareholders.One of those was Samuel Tak Lee, who at the next shareholders' meeting was planning to torpedo the company's ability to raise capital on a non-pre emptive basis."SHB portfolio is mgmt intensive given the high level of ongoing change; anything that distracts mgmt could catalyse an erosion in performance."Friday February 08INTERIM DIVIDEND PAYMENT DATEBisichi Mining, QinetiQ Group, Stenprop LimitedQUARTERLY PAYMENT DATEBlackRock Latin American Inv Trust, British Land Company, Supermarket Income ReitINTERNATIONAL ECONOMIC ANNOUNCEMENTSBalance of Trade (GER) (07:00)Current Account (GER) (07:00)U. of Michigan Confidence (Prelim) (US) (15:00)Wholesales Inventories (US) (13:30)SPECIAL DIVIDEND PAYMENT DATEBowLevenAGMSCerillion , ShaftesburyUK ECONOMIC ANNOUNCEMENTSGDP (Preliminary) (09:30)FINAL DIVIDEND PAYMENT DATECountryside Properties, Daily Mail and General Trust A (Non.V), Hargreave Hale AIM VCT , Henderson European Focus Trust, Numis Corporation
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11 Mar 2024 07:22

Shaftesbury acquires Covent Garden freeholds for £75.1m

(Sharecast News) - Shaftesbury Capital announced the acquisition of the freehold interests in 25-31 James Street, Covent Garden, for £75.1m before costs on Monday.

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29 Feb 2024 15:24

Director dealings: Wife of Shaftesbury CEO makes share purchase

(Sharecast News) - Shaftesbury Capital revealed on Thursday that Jane Hawksworth, the wife of chief executive Ian Hawksworth, had acquired 88,888 ordinary shares in the FTSE 250-listed property investment and development company.

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29 Feb 2024 08:15

Shaftesbury Capital swings to net profit on strong leasing

(Sharecast News) - West End-focused real estate group Shaftesbury Capital said it saw "excellent" leasing activity across all property with rents rising by a tenth as it swing to a net profit in 2023.

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13 Feb 2024 16:21

London close: Stocks fall as US inflation tops expectations

(Sharecast News) - London markets ended the trading day in negative territory on Tuesday, influenced by concerns over higher inflation figures from the United States and a deceleration in wage growth within the UK.

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13 Feb 2024 16:21

London close: Stocks fall as US inflation tops expectations

(Sharecast News) - London markets ended the trading day in negative territory on Tuesday, influenced by concerns over higher inflation figures from the United States and a deceleration in wage growth within the UK.

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18 Dec 2023 07:25

Shaftesbury Capital slims down board as three non-execs leave

(Sharecast News) - Shaftesbury Capital, the London-focused real estate group formed from the tie-up of Shaftesbury Plc and Capital & Counties, is saying goodbye to three board members as it works to slim down its organisational structure in the wake of March's merger.

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5 Dec 2023 10:28

Shaftesbury Capital agrees new £300m medium-term bank loan

(Sharecast News) - Shaftesbury Capital has entered into a £300m unsecured loan agreement, it announced on Tuesday, with an initial maturity period of three years.

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5 Dec 2023 10:28

Shaftesbury Capital agrees new £300m medium-term bank loan

(Sharecast News) - Shaftesbury Capital has entered into a £300m unsecured loan agreement, it announced on Tuesday, with an initial maturity period of three years.

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27 Nov 2023 16:12

London close: Stocks start week in subdued state

(Sharecast News) - London's financial markets saw a somewhat subdued performance on Monday, as concerns regarding the Chinese economy cast a shadow over investor sentiment.

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27 Nov 2023 08:23

Shaftesbury hails strong start to Christmas trading

(Sharecast News) - West End landlord Shaftesbury Capital hailed a strong start to the Christmas trading period on Monday, with footfall "high" and sales tracking above the prior year.

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14 Aug 2023 07:14

London pre-open: Subdued start expected on quiet day for earnings, data

(Sharecast News) - The UK stock market was set for a subdued start on Monday morning, with investors likely to show caution on a light day for economic data and corporate earnings.

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14 Aug 2023 07:10

Shaftesbury agrees new £200m loan with Aviva Investors

(Sharecast News) - Property investor Shaftesbury Capital announced a significant financial development on Monday, in the form of a new loan agreement with Aviva Investors.

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10 Jul 2023 20:11

HSBC cuts UK real estate, sees outlook as "particularly precarious"

(Alliance News) - HSBC no longer has any 'buy' ratings in the UK real estate sector, and believes that the near-to-medium outlook is "particularly precarious."

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14 Jun 2023 08:55

Shaftesbury Capital upbeat on post-merger portfolio performance

(Sharecast News) - Shaftesbury Capital - the result of the merger between Capital & Counties Properties and Shaftesbury - reported strong demand across all sectors in a trading update on Wednesday, with 173 leasing transactions concluded, surpassing the estimated rental value (ERV) of £11.4m as at 31 December.

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6 Mar 2023 16:25

Shaftesbury Capital formed after Shaftesbury CapCo merger

(Alliance News) - Shaftesbury Capital PLC announced on Monday that the all-share merger of Capital & Counties Properties PLC and Shaftesbury PLC to form Shaftesbury Capital has been completed.

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