UKCM.L Share News (UKCM)

LONDON MARKET OPEN: FTSE 100 "hugging the flatline" in slow start

(Alliance News) - London's FTSE 100 opened in a muted fashion on Monday, failing to replicate the more convincing gains seen on Wall Street on Friday and elsewhere in Europe at the start of the new week, ahead of a busy few days of corporate earnings and economic data.

TOP NEWS: FTSE 250 property firms agree merger in latest consolidation

(Alliance News) - Tritax Big Box REIT PLC on Monday said UK Commercial Property REIT Ltd has agreed to an all-share takeover offer to create the UK's fourth largest real estate investment trust by market capitalisation, at nearly GBP4 billion.

LONDON BRIEFING: Tritax Big Box, UK Commercial Property agree merger

(Alliance News) - Equities in London are called to open higher on Monday, with inflation readings from the US and UK on the horizon, which could drive equity market sentiment during the remainder of the week.

Tritax Big Box makes £924m bid for UKCP

(Sharecast News) - Tritax Big Box said it had agreed terms on a possible bid for UK Commercial Property REIT in an all-share deal worth £924m.

UK dividends calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Raw Charging launches rapid charging hub for UK Commercial Property

(Alliance News) - Raw Charging Group Ltd on Thursday said that it launches an ultra rapid charging hub at two sites for UK Commercial Property REIT Ltd.

IN BRIEF: Picton Property still for merger with UK Commercial Property

Picton Property Income Ltd - UK commercial property-focused real estate investment trust - Still vouches for merger with UK Commercial Property REIT, despite the latter's largest shareholder not supporting a merger which lead to discussions between the two companies being terminated in November. UK Commercial's largest shareholder Phoenix Life Ltd has a holding of about 43% in UK Commercial Property. Phoenix does not support the deal "on the terms proposed", both companies said last month. Picton Property says on Tuesday it "continues to believe that there are strategic and financial benefits to combining complementary businesses to enhance scale, diversification and efficiency within an internal management structure. Picton will continue to be proactive in pursuing opportunities that would add value for shareholders and build on the company's long-term track record of outperformance against the MSCI UK Quarterly Property Index since its launch in 2005. FTSE 250-listed UK Commercial Property is managed by abrdn PLC.

UK dividends calendar - next 7 days

UK Commercial Property shareholder blocks potential Picton merger

(Alliance News) - UK Commercial Property REIT Ltd on Tuesday said its largest shareholder does not support a possible merger with Picton Property Income Ltd, and it has consequently terminated discussions with Picton.

LONDON MARKET OPEN: Stocks mixed; FTSE slides on strong pound

(Alliance News) - Stock prices in London made little progress at Tuesday's market open, as investors awaited Wednesday's autumn statement from the UK chancellor of the exchequer.

Phoenix Life pours cold water on UKCM-Picton merger

(Sharecast News) - A potential merger between UK Commercial Property REIT (UKCM) and sector peer Picton was on the rocks on Tuesday after being denied by UKCM's majority shareholder, Phoenix Life.

LONDON BRIEFING: UK Commercial Property shareholder blocks merger

(Alliance News) - The FTSE 100 is expected to edge into the red at Tuesday's open, with a strong pound likely to hinder progress for many of its overseas earners.

IN BRIEF: UK Commercial Property REIT signs 15 year lease in Dartford

UK Commercial Property REIT Ltd - UK-focused commercial property investor - Signs new 15-year lease on Unit 2 at its Newton's Court multi-let industrial estate in Dartford, Kent at a 30% premium to current rent. Says the 14,800 square foot unit has been taken by theatrical goods supplier, Flint Hire & Supply Ltd at an annual rent of GBP214,377 per annum. Says the industrial estate is now fully let. Will Fulton, Fund Manager of UKCM at abrdn, says: "The speed at which this letting was secured, without any vacancy period, together with the new rental level achieved demonstrates the ongoing strength of occupier demand for high quality industrial and logistics space in the best locations."

Picton Property Income interim loss narrows amid merger talks

(Alliance News) - Picton Property Income Ltd on Tuesday reported that its loss narrowed in the first half of its financial year, amid merger talks.