Company
SEGRO PLC
LON:SGRO
SEGRO PLC is a property investment company, which owns and manages business space. It develops and acquired properties throughout Europe. The Company manage its business through two strategic business units: the United Kingdom and Continental Europe.
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UK industrial property values may see '90s-style correction', says JPMorgan
Target prices for LondonMetric Property, SEGRO and Tritax Big Box were cut but ratings remained at 'overweight'
UK property investor Segro a ‘safe haven’ in recession, says Citi
The big-box warehouse market has continued to balloon since the pandemic
SEGRO's profit surges; final dividend is raised
SEGRO PLC has hiked its final dividend by 11% to 16.9p.
SEGRO tipped for rally as online boom drives warehouse demand to record levels
2021 will be a record year for logistics capital and rental growth
SEGRO, Tritax Eurobox and Warehouse REIT are broker's top picks in booming warehouse sector
Berenberg pretty much likes the whole sub-sector and believes that despite outperforming the wider sector over the last three years, the good times look set to continue
Segro offloads Italian warehouse portfolio
The real estate firm has agreed to sell six warehouses to asset manager AXA IM Alts for €127.5mln
SEGRO premium justified as warehouse boom continues says broker
The 19% premium to assets reflects the near-term outlook, not the longer-term growth prospects
Segro says rents rising as clamour for industrial space continues
“Our sector continues to benefit from highly supportive and structural tailwinds," said chief executive David Sleath
Segro asset value jumps 10% as businesses clamour for warehouse space
Segro’s focus has been on urban warehousing with £556mln of net spending in this area over the year
SEGRO receives almost all rents in 2020 as warehouse demand stays buoyant
The FTSE 100 group specialises in industrial property and warehouses
SEGRO hedges Brexit bets with secondary Paris listing
The listing would allow it to maintain an optimum and efficient holding structure after Brexit
Segro acquires £133mln London warehouse
The firm issued 600,000 new shares to pay 7% of the interim dividend, which totalled 6.9p per share
Segro raises dividend almost 10% and says logistics property demand is booming
The group's UK logistics take-up hit record highs in the first six months of the year
Segro rotates out another chunk of expensive debt
The new loan notes carry a weighted average rate of interest of 1.83%.
Segro and Tritax Big Box underline online trend as rental collections remain strong
Industrial property has been among the strongest performers in the sector as online shopping has boomed
Segro raises £680mln to fund expansion plans
The property owner is looking to set up pre-let development projects as well as acquisitions of land and investment assets
Segro acquires London warehouse park for £202mln
The estate provides 55,100 square metres of lettable space across 23 units and 8 acres of land
Segro to buck trend and pay dividend
The 14.4p dividend will cost the company £158mln and has to be approved by shareholders at the AGM on 1 May
Segro downgraded to ‘hold’ by Deutsche Bank over asset valuations
In the year to 31 December, Segro's net asset value rose 9% to 709p per share, 1% below consensus and 5% below Deutsche's estimates
Segro plumps up divi as it benefits from e-commerce and urbanisation
The payout was increased by 10% to 20.7p thanks to earnings growth and a "healthy" pipeline
Segro sells seven big-box warehouses for £241mln
The portfolio comprises seven stand-alone big box warehouses with a total floor space of 203,400 square metres across the UK
Investments and investor services
FTSE 100 closes higher as Boris Johnson gets keys to Number 10
London's index of leading shares spent the day in positive territory but gave back gains towards the close
Archive
Regulatory clamp-down set to dent revenues at trading platform IG
A couple of other big names, including SEGRO, PZ Cussons and Paragon, are also set to release results on Tuesday
Is London's fickle funding appetite part of Lasker's 'disastrous' cycle?
Stock market sage Bernard Lasker once said: “I can feel it coming...A whole new round of disastrous speculation, with all the familiar stages in order: blue-chip boom, then a fad for secondary issues, then an over-the-counter play, then a g
Bloody noses in store for Hammerson, Barclays and Reach from angry investors
Hammerson's annual shareholder meeting takes place on Tuesday while Barclays and Reach have theirs on Thursday
Segro sees new headline rent decline year-on-year in first quarter but says overall business "continued to perform well"
In a trading update, the FTSE 250-listed property developer said it secured £21mln of new headline rent in the first quarter, down from £27.3mln a year earlier
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FTSE 100 closes near break-even as traders fear China growth may be unsustainable
On Wall Street, stocks were in the red at the time of writing despite positive Chinese data and a batch of positive earnings reports
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Inflation data to take macro spotlight on Wednesday, BHP top-billed for company news
UK inflation figures recently dropped below the Bank of England’s 2% target rate following lower commodity prices at the end of 2018
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Hot cross buns will be wanted but there is still plenty to digest in the week before Easter
There will be plethora of UK data - jobs, inflation, and retail sales - plus corporate updates from the likes of Unilever, BHP Rio Tinto, Bunzl and Rentokil Initial
Archive
FTSE 100 closes higher at traders focus on Federal Reserve's dovish tone
The FTSE 250 though, seen as a better indicator of the state of UK companies, closed down around 41 points at 19,347.
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Clothes retailers Next and Ted Baker in the spotlight on Thursday
Not much excitement is expected from the Bank of England, so investor attention will instead be on two of the UK’s troubled clothes retailers: Ted Baker and Next
Segro raises around £450mln in share placing to invest in project pipeline as it posts strong 2018 results
For the year ended 31 December 2018, Segro reported a 24.4% rise in adjusted pre-tax profit to £241.5mln boosted by high customer retention rates, like-for-like rental growth and a low vacancy rate
Investments and investor services
FTSE 100 joins global benchmarks to head higher on Friday on trade deal hopes
Britain's blue chip index closed up around 39, or 0.55% at 7,236 on the day
Archive
RBS to kick-start 2018 full-year results season for listed UK banks with further dividend
Aside from the RBS numbers, full-year results will also be due on Friday from mid-cap real estate group Segro, while the macro focus will be on January UK retail sales data
RBC initiates coverage on six property firms as it turns spotlight on UK real estate
Both LandSec and Tritax were given 'outperform' ratings on the back of an improved risk profile and exposure to the UK industrial property market respectively
Archive
Blue-chip corporate update mill to continue to grind, with RBS and AstraZenca to the fore
Aside from all the company news, the Week Ahead also brings the latest UK inflation and GDP growth data for investors to digest, while the Brexit saga will continue to roll on
Hammerson weak as JPMorgan Cazenove downgrades to ‘neutral’ in cautious review of European property sector
The US bank also reduced its target price for Hammerson to 410p, down from 610p previously, with the shares currently trading at 344.80p, 3.7% below Friday’s close
Segro logs 43% rise in new leasing deals in third quarter
Segro contracted £12.6mln in headline rent in the July-October term, up from £8.8mln in the year-ago period
FTSE 100 closes in the red as May set to address EU27
The FTSE 100 falls 35 points to 7,025, while Dow falls more than 300 points
Investments and investor services
Barratt Developments is the next homebuilder in the City schedule
Barratt is to follow Tuesday's update from Bellway.
Housebuilders in focus as Barratt Developments and Bellway update on trading
The week ahead includes full year results from Bellway and ASOS, interims from Gear4Music and trading updates from Barratt Developments, Segro, Unilever, Domino's Pizza and Rentokil
Investments and investor services
Lloyds and HSBC go ex-div, but has the BBQ summer saved Kingfisher’s first half?
Investors in the B&Q owner will be hoping for a BBQ boost sufficient to offset the springtime freeze.
FTSE 100 keeps head above water at close: Facebook in focus
The Nasdaq on Wall Street is down over 88 points at the time of writing, at 7,420.
Archive
Blue-chip deluge on Thursday with Royal Dutch Shell, AstraZeneca and Diageo (and more) set to report
Three of the 10 largest London-listed companies (by capitalisation) are updating the market on Thursday. A dozen or more other household names are also expected to report.
SEGRO enjoys record quarter in terms of securing new headline rent
SEGRO completed 146,500 square metres of developments in the quarter, capable of generating £10.9mln of headline rent when fully let, of which £6.8mln(63%) has been secured
Investments and investor services
FTSE 100 closes firmly higher as metals prices, sterling help
FTSE 100 gained support from higher metals prices and a slide in sterling on Wednesday to close higher
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Bunzl expected to report solid organic sales growth
Updates are expected from Bunzl, Countryside Properties and Jupiter Fund Management, among others
Investments and investor services
FTSE 100 plunges 1.23% to below 7,000 after BoE rate decision
In the currency markets, the pound is up 0.13% against the Euro, but down 0.20% against the US dollar.
Investments and investor services
Genel Energy and Ted Baker in the spotlight ahead of Thursday’s results
The Kurdistan oil and gas business releases its results on Thursday, while investors will be hoping to see continued momentum for the fashion retailer.
SEGRO sees full-year 2017 profits jump 25% after record level of development completions
The industrial property developer said its adjusted pre-tax profit increased by 25.7% to £194.2mln in the full-year to 31 December 2017, up from £154.5mln a year earlier
FTSE 100 caps comeback week with 60 point rise; FCA gives MPs full report into RBS GRG unit
The blue-chip index rose more than 200 points on the week, bouncing back from the recent shake-out
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Health of the UK high street eyed on Friday with January retail sales scheduled
Day ahead includes UK retail sales data for January, plus full-year results from blue-chip real estate developer SEGRO PLC
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Inflation numbers from UK and US to be eyed closely in coming week amid rate hike fears
Week ahead includes the latest UK and US consumer price indexes, plus corporate updates from RELX PLC, Coca Cola HBC PLC, Shire PLC and ConvaTec PLC
FTSE 100 ends at high point of the day but just short of 7,500
A slump in the value of the pound was, as usual, a signal for investors to pile into FTSE 100 stocks
Mixed earnings read-across for blue chips Ashtead Group and WPP
A look at some of the biggest risers and fallers today in London
Investments and investor services
FTSE 100 ends in the red amid Brexit jitters and rise in UK inflation
The FTSE 100 index closed down 10.8 at 7,516 on the day
Archive
ASOS's guidance for current year the main focus
We already know revenues for the year just gone will be at the top end of analysts' forecasts
Archive
UK inflation and jobs data to show real wages remain under pressure
The Week Ahead includes economic data on UK jobs, inflation and retail sales along with full year results from ASOS and Bellway and trading updates from Travis Perkins, Merlin Entertainments, Unilever and Intercontinental Hotels Group
What’s in store for Kingfisher investors on Thursday?
The B&Q owner's French business has overshadowed recent decent performances, will it blight the next figures?
Segro shares flying higher as first half profits lifted by acquisition of London Heathrow assets
Segro's shares rose as it raised its interim and delivered a positive outlook for the property group
Archive
PZ Cussons among few features on a summery Tuesday
The agenda for Tuesday is distinctly summery, albeit PZ Cussons is among a few features in the books.
Sirius Minerals shares gain as it looks set to join FTSE 250
Sirius has seen its share price surge 58.75% in the year to date as perceptions of Yorkshire polyhalite mine have turned positive after pumping money into the project
Archive
Day ahead: Retailers at opposite ends of shopping spectrum in focus
Luxury group Burberry PLC will deliver a pre-close season trading update, while Primark discount clothing chain owner Associated British Foods PLC delivers its first-half results
FTSE 100 closes higher with retailer Next top riser
FTSE 100 was three points higher at 7,238, Next rises strongly.
Archive
Next to report first annual profit decline in eight years as Brexit hurts retailers
Next plc is facing the industry-wide pressure of rising inflation but its issues are also company-specific
Investments and investor services
FTSE 100 ends higher as food groups power gains on takeover battle
Around 3.15pm, the UK blue chip index was up over 21 points at 7,299, not far from the day’s peak of 7,307, and well above the day’s low of 7,253.
Archive
Day ahead: Segro reports 2016 earnings, UK retail sales data in focus
Segro is set to report 2016 earnings per share and net asset value at the top end of the consensus forecast range.
Archive
Week ahead: Shire continues pharma newsflow; Rolls-Royce results also key
Shire will complete the fourth-quarter results announcements from the FTSE 100-listed pharma giants following numbers from Astra and Glaxo
SEGRO taps the market to fund urban warehouse developments
SEGRO said there had been no sign of any adverse impact on its trading from the Brexit vote
Investments and investor services
FTSE 100 Index edges higher as pound falls
The price of a barrel of Brent crude fell 0.449% to US$44.52