Market News - Page 693

Sainsbury's / Asda merger could push up prices and reduce quality…

Telford Homes sells significant build to rent development to Greystar and Henderson Park partnership for £105.5 million…

Palace Capital (LSE: PCA), the Main Market listed property investment company that has a diversified portfolio of UK regional commercial real estate in carefully selected locations outside of London, has completed a 15 year lease for 12,800 sq ft with Soo Yoga Group (“Soo Yoga”) at its Sol Northampton leisure scheme. …

Executing against our strategic initiatives to accelerate growth and deliver strong financial results…

John Flint, Group Chief Executive, said:

“These are good results that demonstrate progress against the plan that I outlined in June 2018. Profits and revenue were both up despite a challenging fourth quarter, and our return on tangible equity is significantly higher than in 2017. This is an encouraging first step towards meeting our return on tangible equity target of more than 11% by 2020.”…

Greggs has made an exceptionally strong start to 2019. In the seven weeks to 16 February 2019, total sales grew by 14.1 per cent (2018 comparator period: 6.2 per cent) and like-for-like sales in company-managed shops increased by 9.6 per cent (2018 comparator period: 2.9 per cent)….

Spirax-Sarco Engineering plc, the world leader in the control and efficient use of steam, electrical thermal energy solutions and peristaltic pumping and associated fluid path technologies, announces that it has entered into exclusive negotiations with a view to acquiring Thermocoax Developpement and all of its group companies (Thermocoax) from Chequers Capital, TCR Capital and other minority shareholders for a cash-free, debt-free consideration of €158 million (£139 million). …

Good progress in 2018. Momentum under RB2.0 to continue….