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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: 119.20
Bid: 119.20
Ask: 119.80
Change: 1.00 (0.85%)
Spread: 0.60 (0.503%)
Open: 118.00
High: 120.00
Low: 117.80
Prev. Close: 118.20
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 May 2019 11:07

Urban Logistics REIT Sells Site In Bedford For Over GBP9 Million

LONDON (Alliance News) - Urban Logistics REIT PLC on Friday said it has sold a site located on Postley Road, Bedfordshire, for GBP9.2 million.The investment trust said the 85,012 square was

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17 May 2019 10:30

Urban Logistics disposes of Bedfordshire site for ?9.2m

(Sharecast News) - Real estate investment trust Urban Logistics has sold a site located on Postley Road, Bedford, for £9.2m, realising a total property return of 74% in the process.

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5 Apr 2019 14:47

Urban Logistics sells site in Nuneaton, buys one in Thatcham

(Sharecast News) - Specialist industrial and logistics real estate investment trust Urban Logistics has sold a site in Nuneaton for £8.1m, it announced on Friday.

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5 Apr 2019 10:37

Urban Logistics REIT Sells Site And Buys Logistics Property

LONDON (Alliance News) - Urban Logistics REIT PLC on Friday said it sold one site and acquired a further logistics property.The real estate investment trust sold a site located in Nuneaton,

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12 Mar 2019 15:03

Urban Logistics REIT Extends Warrant Instrument Deadline To April 13 (ALLISS)

LONDON (Alliance News) - Urban Logistics REIT PLC said it has extended a warrants instrument for shares in the company to April 13 instead of Tuesday.The warrants are for the subscription

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25 Feb 2019 14:33

Urban Logistics REIT To Acquire And Forward Fund Two Logistics Assets

LONDON (Alliance News) - Urban Logistics REIT PLC said on Monday it has agreed to acquire and forward fund two logistics assets in Staffordshire and Leicestershire for a gross development value of

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6 Dec 2018 12:59

Urban Logistics Completes Purchase Of Warehouse Space In Bedford

LONDON (Alliance News) - Urban Logistics REIT PLC on Thursday said it completed the acquisition of the freehold site, located at Hudson Road, Bedford, for GBP17.0 million from 3M Products and real

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18 Oct 2018 14:54

Urban Logistics pleased with first half leasing progress

(Sharecast News) - Specialist UK logistics real estate investment trust Urban Logistics updated the market on its trading on Thursday, following the close of its interim financial reporting period to 30 September, claiming a like-for-like increase of 6.6% in its portfolio valuation since 31 March, to £173.8m.

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18 Oct 2018 13:02

Urban Logistics Exceeds Expectations In Strong Logistics Market

LONDON (Alliance News) - Urban Logistics REIT PLC said it exceeded expectations in a first half that saw its portfolio valuation increase on six new acquisitions.The real estate investment

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10 Sep 2018 12:02

Investment Firm Urban Logistics Buys 2nd Portfolio From LondonMetric

LONDON (Alliance News) - Urban Logistics REIT PLC confirmed Monday that it completed the acquisition of a second portfolio from property firm LondonMetric Property PLC on Friday.This is of

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10 Sep 2018 11:15

Urban Logistics gives more details on portfolio acquisition from LondonMetric

(Sharecast News) - Urban Logistics completed the second of two portfolio acquisitions totalling £36m from LondonMetric on Friday, it confirmed on Monday morning.

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24 May 2018 16:18

Urban Logistics Lifts Dividend As Income And Profit More Than Double

LONDON (Alliance News) - Urban Logistics REIT PLC, which recently changed its name from Pacific Industrial & Logistics REIT PLC, said on Thursday that it recorded an annual rise in net asset a

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