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BUZZ-UK property companies fall on more signs of post-Brexit stress

Tue, 05th Jul 2016 08:06

** UK property companies and housebuilders fall after anasset write-down and suspension of a leading property fund causeconcern

** Standard Life Investments has suspended trading inits unlisted UK real estate fund (one the country's largest)after previously writing down its value by 5 pct

** First suspension in the sector since 2008: listed realestate funds from Standard Life, Picton, F&C and Schroders down 8-15 pct

** St Modwen falls 5 pct after it writes down thevalue of its Nine Elms site, one of a number of prime Londondevelopments that has been hit by oversupply

** Capital & Counties, a joint developer of NineElms, down 4.2 pct

** Barratt, Persimmon, Taylor Wimpey all among top fallers on FTSE 100, down c. 6 pct

** British Land and Land Securities bothdown c. 5 pct

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7 May 2021 11:28

TOP NEWS SUMMARY: Bramson exits Barclays; St Modwen get Blackstone bid

TOP NEWS SUMMARY: Bramson exits Barclays; St Modwen get Blackstone bid

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7 May 2021 10:26

TOP NEWS: Blackstone makes GBP1.2 billion bid for St Modwen Properties

TOP NEWS: Blackstone makes GBP1.2 billion bid for St Modwen Properties

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7 May 2021 09:43

UPDATE 2-UK mid-caps hit record high on recovery hopes; M&A chatter boosts Meggitt

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* St. Modwen Properties surges on $1.68 bln buyout offer* Melrose rises on Morgan Stanley PT hike* FTSE 100 up 0.7%, FTSE 250 adds 1.2% (Upd...

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7 May 2021 08:59

LONDON MARKET OPEN: St Modwen surges on Blackstone takeover bid

LONDON MARKET OPEN: St Modwen surges on Blackstone takeover bid

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7 May 2021 07:37

UPDATE 2-Blackstone proposes $1.68 bln buyout of UK's St. Modwen Properties

* Blackstone makes possible offer of 542p per St. Modwen share* St. Modwen stock soars as much as 20%* Board willing to back deal if Blackstone makes firm offer (Adds shares, detail on company, Blackstone deals)By Yadarisa ShabongMay 7 (Reuters) - ...

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7 May 2021 07:22

Blackstone makes 542p a share offer for St Modwen

(Sharecast News) - St Modwen Properties said on Friday that US private equity firm Blackstone has made a possible cash offer for the group at 542p a share.

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20 Apr 2021 09:26

BROKER RATINGS: JPMorgan ups LondonMetric Property to Overweight

BROKER RATINGS: JPMorgan ups LondonMetric Property to Overweight

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1 Apr 2021 16:13

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

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25 Mar 2021 16:02

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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12 Mar 2021 08:36

Land Securities confirms start date for new finance director Simms

Land Securities confirms start date for new finance director Simms

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4 Mar 2021 15:59

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

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18 Feb 2021 09:56

Grainger Hires St Modwen Properties Finance Chief For Next CFO

Grainger Hires St Modwen Properties Finance Chief For Next CFO

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18 Feb 2021 07:48

LONDON MARKET PRE-OPEN: Barclays Launches GBP700 Million Buyback

LONDON MARKET PRE-OPEN: Barclays Launches GBP700 Million Buyback

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15 Feb 2021 17:54

IN BRIEF: St Modwen CEO Buys GBP52,000 Worth Of Shares

IN BRIEF: St Modwen CEO Buys GBP52,000 Worth Of Shares

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10 Feb 2021 13:12

Wednesday broker round-up

(Sharecast News) - Ocado Group: Berenberg reiterates buy with a target price of 2,925p.

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