12 May 2021 | 09:36am
StockMarketWire.com - Real estate investment company GCP Student reported a rise in quarterly earnings growth as a strengthening in investment markets and an improving environment for students booted its portfolio valuation.
For the quarter ended 31 March 2021, EPRA net tangible assets increased by 4.5% to 179.07 pence from the December quarter.
At 31 March 2021, the valuation of the company s portfolio was £1.06 billion. There are encouraging signs for the next academic year with total UCAS applications up 8% nationally and strong growth in applications from domestic, mature and non-EU international students alike, the company said. Whilst applications from EU students have declined in the immediate aftermath of Brexit, it remains difficult to assess whether this represents a longer term trend. Approximately 13% of the Group s direct let portfolio was occupied by EU students pre-pandemic.
5 March 2021 | 08:40am
StockMarketWire.com - UK markets have been rattled following remarks made by US Federal Reserve chairman Jerome Powell yesterday (4 March), after he said that the central bank would be patient with higher inflation, which was likely to be a one-off effect .
At 08.20am, the FTSE 100 was down 1.1% at 6,578.82, while the FTSE 250 was 1% lower at 21,086.19.
UK bourse operator London Stock Exchange has tumbled 3.8% to £91.28 after it reported an increase in annual profit on higher revenue in its information services and post-trade clearing business.
For the year ended 31 December, pre-tax profit increased to £685 million as revenue rose 3% to £2,124 million.
Component manufacturer Essentra has gained 1.3% to 305.2p after it proposed resuming dividend payments, with a full-year 2020 final dividend of 3.3p per share amid recovering performance.
5 March 2021 | 12:00pm
StockMarketWire.com - The FTSE 100 was back in positive territory by lunchtime helped by oil price driven strength in the energy sector and a slump in sterling. At midday the index was up 0.4% to 6,675.18.
US futures pointed to a flat open on Wall Street, after yesterday s heavy selling, with the monthly US jobs report in focus.
UK bourse operator London Stock Exchange has tumbled 9.4% to £86.00 after it reported an increase in annual profit on higher revenue in its information services and post-trade clearing business.
For the year ended 31 December, pre-tax profit increased to £685 million as revenue rose 3% to £2,124 million.
5 March 2021 | 07:52am
StockMarketWire.com - Student real estate fund GCP Student Living cut its dividend as profit fell sharply in the first half of the year, owing to operational challenges amid the pandemic.
For the six months ended 31 December 2020, pre-tax profit fell to £1.2 million from £9.8 million year-on-year as total rental income fell to £16.7 million from £24.6 million.
Shareholder return grew 16.9% year-on-year, driven by a recovery in the share price since the year end.
The dividend was cut to 0.50 pence per share from 3.1 pence per share. The remainder of the 2020/21 academic year will continue to present challenges for student mobility and the provision of in‑person teaching, the company said.