Commercial landlord AEW UK to pay dividend as science and medical properties boost portfolio value April 22, 2021 Commercial property landlord AEW UK Real Estate Investment Trust (Reit) has announced a quarterly dividend payment as life sciences and medical sites recorded a jump in value during the pandemic. AEW, which mainly owns industrial sites across the UK and has some exposure to the retail, office and leisure sectors, said it will pay an [...]
Informa pins hopes on exhibition return as it swings to £1.1bn loss April 22, 2021 Informa today said it was hoping for a gradual return of exhibitions this year after the Covid-19 shutdown pushed the events group to a hefty loss. The FTSE 100 company swung to a £1.1bn pre-tax loss in 2020, compared to a profit of £318m the previous year. Adjusted operating profit came in at £268m, down [...]
Segro signals strong start to 2021 as it secures more rental income April 22, 2021 Commercial landlord Segro signed £18m of new headline rent during the first quarter of 2021, marking a strong start to the year. The FTSE 100 firm saw a 13 per cent increase in the vacancy rate to 4.4 per cent, driven by taking back space for refurbishment in its highly sought after London and Paris [...]
Lockdown pushes Domino’s UK sales higher April 22, 2021 Domino’s Pizza reported “exceptional” sales in the first quarter as lockdowns pushed pizza delivery orders higher. Sales in the UK and Ireland jumped 18.7 per cent to £371.3m in the three months to March. Like-for-like system sakes were up 18.5 per cent maintaining the company’s momentum. In March Domino’s announced plans to open 200 new [...]
Wizz Air redundancies ‘dangerously influenced’ flight safety culture claims whistleblower April 22, 2021 Covid-19-related redundancies at Wizz Air “dangerously influenced” flight safety culture, a whistleblower has claimed, after the way in which staff were selected for redundancy left them worried to call in sick. Last April London-listed Wizz Air laid off around 1,000 staff – around 20 per cent of its workforce – after a travel shutdown caused [...]
AJ Bell assets jump as customers continue to flock to its platform business April 22, 2021 AJ Bell attracted a record number of customers to its platform in the second quarter, delivering a 35 per cent increase in its total assets. In a trading update, AJ Bell said its total customer numbers increased 32 per cent over the last year to 346,797, with total net inflows of £1.5bn. Its total assets [...]
Taylor Wimpey sees strong housing demand as market continues recovery April 22, 2021 Housebuilder Taylor Wimpey today said that the housing market has remained healthy in 2021 after a surge in customer demand. Speaking in a trading update, Taylor Wimpey reported a net private sales rate for the year to 18 April of 1.00, compared to 0.90 in 2020. Its total order book value stood at around £2.81bn, [...]
Booze brand Pernod Ricard set to toast full-year profit growth April 22, 2021 Pernod Ricard today said it forecast strong profit growth for the full year after cashing in on boosted demand for its drinks in the third quarter. The French booze group, which owns brands including Absolut vodka and Beefeater gin, posted sales of €1.9bn (£1.6bn) in the three months to the end of March, up 19 [...]
Gupta’s business empire sued by rival Tata over £100m steel deal April 22, 2021 Sanjeev Gupta’s business empire is reportedly being sued by rival Tata over a £100m deal that made him one of Britain’s biggest steel magnates. Tata has filed a commercial court claim against Gupta’s GFG Alliance — parent company of Liberty Steel — over alleged mispayments, the Daily Telegraph reported. The case is said to relate [...]
London Mayoral elections: Whoever wins, scratchy relations with Downing Street must be mended to fight for the capital April 22, 2021 The Covid crisis has laid bare some of the UK’s harshest inequalities, nowhere more starklythan in London. East London boroughs have seen some of the highest death rates in thecountry, and London’s unemployment rate has soared. But other boroughs have some ofthe country’s lowest death rates, and the city that has lost most jobs has [...]
