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Pin to quick picksUrban Logistics Share News (SHED)

Share Price Information for Urban Logistics (SHED)

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Share Price: 118.20
Bid: 118.80
Ask: 119.00
Change: -2.20 (-1.83%)
Spread: 0.20 (0.168%)
Open: 120.60
High: 121.00
Low: 118.20
Prev. Close: 120.40
SHED Live PriceLast checked at -
Urban Logistics REIT is an Investment Trust

To invest in a diversified portfolio of well-located, fit-for-purpose last mile or regional logistics facilities in the UK and engage in active asset management to leverage and enhance returns.

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UK TRADING UPDATE SUMMARY: Novacyt Gets WHO Covid-19 Test Kit Okay

Wed, 08th Apr 2020 14:46

(Alliance News) - The following is a round-up of updates by London-listed companies on the impact of the Covid-19 pandemic, issued on Tuesday and Wednesday and not separately reported by Alliance News:

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Novacyt SA - clinical diagnostics - Says Covid-19 testing kit eligible for emergency use process, the fast tracking availability designation by the World Health Organization. Partners with AstraZeneca PLC, GlaxoSmithKline PLC and University of Cambridge to ramp up Covid-19 testing.

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Oxford Biomedica PLC - gene and cell therapy - Joins consortium of companies working on Covid-19 vaccine.

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Capital Drilling Ltd - mining services - Says final dividend will now be classed as an interim payout due to delay of holding annual general meeting amid Covid-19 lockdown.

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Panther Metals PLC - mineral exploration - Says directors pay has been cut by 51% and all service provider contracts have been suspended.

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Tri-Star Resources PLC - minerals processing - Says Covid-19 has had little impact on the Strategic & Precious Metals Processing LLC antimony and gold production facility, in which it has a 40% stake. Delays annual results as travel curbs means auditors unable to review SPMP accounts.

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Enteq Upstream PLC - oilfield services - Hurt by Covid-19 and fall in oil prices. Says it has cut US workforce by 60%. Expects earnings in line with expectations in year ended March 31, with revenue of USD11 million and adjusted earnings before interest, tax, depreciation and amortisation of USD3 million.

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Wentworth Resources PLC- natural gas - Says full-year results to be published later in April, following Financial Conduct Authority guidance. Expects results in line with internal expectations and company yet to be impacted by Covid-19.

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Porvair PLC - filtration and environmental technology - Supplying filtration equipment for ventilator makers across the globe, including to a UK consortium fronted by the Mercedes Formula One racing team. Does not believe it needs to change final dividend recommendation to save funds.

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Gooch & Housego PLC - optical components and systems manufacturer - Demand in Japan, South Korea and China improves but weaker in US and Europe. Expects "material short-term impact" from Covid-19. Says all UK manufacturing sites running but at reduced capacity.

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Remote Monitored Systems PLC - data collection and surveying - Says Cloudveil subsidiary sees increased demand, providing service to two security guarding firms managing risks associated to Covid-19.

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Osirium Technologies PLC - cybersecurity - Has seen little impact on trading from Covid-19 but has temporarily frozen new hires and cut non-discretionary spend. Renews contract with two UK regional police authorities for cyber-protection of 1,000 devices.

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Ethernity Networks Ltd - network technology and security - Covid-19 has not had "material impact" on trading, but company says directors have taken 50% pay cut, with 20% of the reduction deferred.

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Iconic Labs PLC - media and technology - Says online and social media Covid-19 fact-checking service Infotagion has had one million readers.

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Fastjet PLC- Africa-focused low cost airline - All airline employees have taken pay cuts as high as 30%, and non-essential workers on paid annual leave. In talks to dispose of holding in Zimbabwe subsidiary and has enough cash resources to continue operating until June.

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Centaur Media PLC - events and marketing - Cuts most of marketing costs, halts recruitment and furloughs some employees to save costs. Moved two The Lawyer events to the fourth quarter of 2020 from the second quarter. Plans for Festival of Marketing event to proceed in October. Defers annual general meeting to June 30 so final dividend payment delayed.

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Everyman Media Group PLC - cinema group - Raises GBP17.5 million in oversubscribed placing. Everyman placed 17.5 million shares at 100 pence each to shore up finances amid site closures due to Covid-19.

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Empresaria Group PLC - recruiter - Says demand slumped from mid-March due to Covid-19, forcing company to slash costs and furlough employees. Cancels final 2019 dividend and says no guidance for current financial year.

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Robert Walters PLC - recruiter - Reported 11% annual fall in first quarter net fee income to GBP87.4 million, including 29% plunge in UK alone. Says Covid-19 hurt first-quarter performance and expects even more challenging second quarter.

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St James House PLC - lottery and e-commerce operator - Says Astro Kings five-a-side football site joint-venture in Nottingham forced to close due to lockdown measures. Lottery division is largely unhurt by Covid-19 but reports minor impact on payments division.

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Marble Point Loan Financing Ltd - investment firm - Suspends declaration of dividends due to virus outbreak. Says difficult to predict Covid-19 impact on collateralized loan obligation market.

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RiverFort Global Opportunities PLC - investor - Seeing increasing number of investment opportunities despite pandemic. Says it is well-funded with cash balances of GBP2.8 million.

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Tavistock Investments PLC - fund manager - Says Covid-19 and UK government imposed lockdown to hurt company's performance. Adds no dividend will be paid at present and executive team have volunteered to waive "significant proportion" of income.

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Fiske PLC - stockbroker and investor - Says trading since late-February has been in line with board expectations and March commission revenue higher than usual due to market volatility. Has furloughed staff where possible.

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Urban Logistics REIT PLC - real estate investment trust - Only four of 38 properties in portfolio not operational due to Covid-19 lockdown measures. Says too early to outline full impact from virus. Acquires nine logistics sites for GBP56.1 million altogether.

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Real Estate Investors PLC - real estate investment trust - receives "high percentage" of rent due for March. Completed GBP779,000 worth of lease renewals, despite UK government lockdown.

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Zambeef Products PLC - food producer - Agrees to delay disposal of its Sinazongwe farm to April 24.

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Real Good Food PLC - food ingredients - Says revenue in year to March 31 in line with expectations, but March trading hurt by health crisis. Expects "material impact" on first-quarter sales.

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
17 Apr 2024 09:37

Urban Logistics hails strong portfolio amid new lettings

(Alliance News) - Urban Logistics REIT PLC on Wednesday reported that it saw continued progress in the fourth quarter of its financial year, which it said was marked by significant like-for-like rental increases and a number of new lettings.

Read more
17 Apr 2024 09:33

LONDON BROKER RATINGS: BofA cuts Ashmore; JPMorgan lifts Fresnillo

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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17 Apr 2024 08:35

Urban Logistics upbeat as rents strengthen

(Sharecast News) - Urban Logistics REIT struck a confident tone on Wednesday, after rents rose by nearly a quarter in the last three months of the year.

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12 Apr 2024 09:55

LONDON BROKER RATINGS: JPMorgan raises Taylor Wimpey, Persimmon

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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10 Apr 2024 15:00

London close: Stocks finish higher as US inflation tops forecasts

(Sharecast News) - London's stock markets closed positively on Wednesday, as investors processed a higher-than-anticipated inflation report from the US, while Tesco paced the gains following favourable results.

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14 Mar 2024 16:10

Abrdn Property Income urges shareholders back "compelling" merger

(Alliance News) - Abrdn Property Income Trust Ltd on Thursday provided an update on the proposed all-share merger with Custodian Property Income REIT PLC.

Read more
13 Mar 2024 14:29

Custodian amends terms and reaffirms commitment to abrdn merger

(Alliance News) - Custodian Property Income REIT PLC on Wednesday said that it believed the proposed merger with abrdn Property Income Trust Ltd had a "compelling strategic and financial rationale", as the pair agreed to extend the merger commitment date to Friday.

Custodian and abrdn are real estate investment trusts with a portfolio of properties in the UK.

In January, the pair agreed terms for an all-share merger, which would create a real estate investment trust with combined assets totalling GBP1.0 billion.

Per the agreement, abrdn Property Income shareholders will receive 0.78 new Custodian shares for each share in the company.

On Tuesday, Custodian reaffirmed its belief that the merger holds a "compelling strategic and financial rationale".

The company said that it would be waiving its one-off project fee in connection with the merger, which amounted to GBP350,000.

Custodian also announced a reduction in the management fees payable to its investment manager, Custodian Capital Ltd, for a period of two years following the merger's completion. This fee will now calculated as 0.75% of the combined group's net asset value less than or equal to GBP500 million, changed from 0.9% in respect of NAV up to GBP200 million and 0.75% up to GBP500 million.

Custodian said that thesee amendments "reinforce the financial rationale of the recommended merger and represents further alignment between CREI, Custodian Capital and the shareholders of the combined group".

Custodian urged abrdn shareholders to not take action regarding the separate offer by Urban Logistics REIT PLC for abrdn. In February, Urban Logistics offered abrdn shareholders 0.47 of its shares for each share in the company. Shares in Urban Logistics are currently flat at 118.00 pence each in London on Wednesday.

In a separate announcement, abrdn said that the deadline for Custodian to make a firm intention to continue with the merger or confirm that it does not want to participate in the scheme has been extended to Friday at 5pm. Both abrdn and Custodian have agreed to these terms.

Shares in Custodian were down 1.3% at 77.00 pence each. Shares in abrdn were down 0.2% at 55.00 pence each, both in London on Wednesday.

By Hugh Cameron, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
23 Feb 2024 09:21

Urban Logistics given March deadline for making API decision

(Alliance News) - Urban Logistics REIT PLC on Friday said it has until March 15 to "clarify its intentions" with abrdn Property Income Trust Ltd.

Read more
20 Feb 2024 19:12

Urban Logistics approaches abrdn Property Income with "superior" offer

(Alliance News) - Urban Logistics REIT PLC has made an offer for abrdn Property Income Trust Ltd, both companies confirmed on Tuesday.

Read more
17 Jan 2024 10:34

IN BRIEF: Urban Logistics says demand still outstripping supply

Urban Logistics REIT PLC - UK-focused logistics real estate investment trust - Says demand for space continues to outstrip supply in the "last mile, last touch delivery" sub-sector for essential goods in urban locations. Reports completion of seven lease events since October 1, which "are evidence of significant asset management opportunities available to the company". Says new leases generated around GBP500,000 in additional rental income with passing rent increasing by 31% for over 400,000 square feet. Another two leases are either in solicitors' hands or under offer, which Urban Logistics expects to "further reduce portfolio vacancy".

Read more
17 Jan 2024 09:02

Urban Logistics reports jump in demand, rise in rental income

(Sharecast News) - Urban Logistics reported a continued surge in demand for space in an update on Wednesday, within its niche sub-sector of last-mile, last-touch delivery of essential goods in urban areas.

Read more
8 Dec 2023 14:57

UK dividends calendar - next 7 days

Monday 11 December 
Asian Energy Impact Trust PLCdividend payment date
YouGov PLCdividend payment date
Tuesday 12 December 
Brunner Investment Trust PLCdividend payment date
Pan African Resources PLCdividend payment date
Wednesday 13 December 
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Thursday 14 December 
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Chelverton UK Dividend Trust PLCex-dividend payment date
Cranswick PLCex-dividend payment date
Crystal Amber Fund Ltdex-dividend payment date
discoverIE Group PLCex-dividend payment date
DS Smith PLCex-dividend payment date
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Fuller, Smith & Turner PLCex-dividend payment date
Halfords Group PLCex-dividend payment date
ICG-Longbow Senior Secured UK Property Debt Investments Ltdex-dividend payment date
Impellam Group PLCex-dividend payment date
JPMorgan Global Emerging Markets Income Trust PLCex-dividend payment date
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Northamber PLCex-dividend payment date
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Polar Capital Holdings PLCex-dividend payment date
Redde Northgate PLCex-dividend payment date
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Vertu Motors PLCex-dividend payment date
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Airtel Africa PLCdividend payment date
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Craneware PLCdividend payment date
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Gattaca PLCspecial dividend payment date
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Hargreaves Lansdown PLCdividend payment date
Henderson Opportunities Trust PLCdividend payment date
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ScS Group PLCdividend payment date
Telecom Plus PLCdividend payment date
Triple Point Social Housing REIT PLCdividend payment date
Urban Logistics REIT PLCdividend payment date
Utilico Emerging Markets Trust PLCdividend payment date
Wincanton PLCdividend payment date
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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30 Nov 2023 09:57

LONDON BROKER RATINGS: Citi and Peel up B&M; JPMorgan cuts 888

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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