SEGRO hedges Brexit bets with secondary Paris listing
The listing would allow it to maintain an optimum and efficient holding structure after Brexit
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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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
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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
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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.