Student housing giant Unite faces £400m loss amid property value slump Property Unite Students has plunged to a more-than £400m loss after being hit by a £500m revaluation of its properties and “extremely challenging” building costs. The UK’s largest student landlord slumped to a £417m pre-tax loss in the six months to June, reversing a £186m profit the year before, as its earnings slipped by two per [...]
As it happened: Stocks jump as oil drops; Unilever shares soar on decade-best sales Markets Welcome back to the City AM FTSE 100 liveblog. It’s Tuesday and the UK’s blue-chip index has made strong gains following a peaky start to the day. The markets took a boost yesterday after oil dropped back after reaching two-month highs of more than $100 per barrel last week when the Iran backed-Houthis took responsibility for tanker [...]
As it happened: FTSE 100 slump as oil soars; Trump says Iran will be ‘hit hard’ tonight Markets Welcome back to the City AM liveblog. Global markets are strapping in for a return to risk-aversion after the US and Iran traded strikes overnight following the breakdown of a peace deal in the Middle East. The US kicked off its “series of powerful strikes” late Monday night. The nation’s Central Command said the attacks [...]
FTSE 100 Live: Sainsbury’s and Unite dish shareholders cash; Mining merger talks January 9, 2026 Good morning and welcome back to the City AM liveblog. It was Britain’s retail sector taking centre stage yesterday amid a fresh influx of corporate updates that gave a snapshot of the industry’s December performance. Tesco came out swinging, revealing its market share had climbed to the highest in 10 years after a Christmas sales [...]
Student digs giants Unite and Empiric to merge August 14, 2025 Student accommodation provider Unite Group has agreed to an over £700m deal to acquire competitor Empiric Student Property
Shortage of high-quality student homes drives growth at Unite July 8, 2024 Strong rental growth at the properties owned by London-listed Unite Students helped drive up the value of the student accommodation provider's portfolio, it said in a half-year update.
Unite Students: Uni accommodation group offloads six properties worth £184m May 13, 2024 The company, which provides housing for 70,000 students across 23 UK cities, made the announcement to markets this morning, as it looks to align to the "strongest universities" instead.
Unite Group takes valuation hit from Spring Budget measures April 9, 2024 Unite Group took a hit to its valuations at the start of the year due to measures announced in the Spring Budget.
Unite Group reports jump in profit as student accommodation shortage drives rents higher February 27, 2024 Student landlord Unite Group has reported a jump in earnings for 2023 on the back of strong occupancy levels and higher rents.
Unite Group reports record demand for beds as student housing crisis grows January 9, 2024 Unite also said it's confident in pushing through rental growth of five per cent across its portfolio in the year.