Market News - Page 829

Trading update for the first 10 months of the calendar year….

Ahead of full year financial results to be released on 30th November, Grainger has acquired a 192-home stabilised PRS portfolio in Manchester for £26m

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Custodian REIT has acquired a high street retail unit in Worcester let to Superdrug Stores Plc….

At the Annual General Meeting of F W Thorpe Plc to be held at 3.15pm today, Chairman, Mike Allcock, will make the following statement….

Conygar announces that, in accordance with the terms of the general authority to make market purchases of its own shares granted to it by shareholders of the Company on 7 February 2017, the Company acquired 600,000 ordinary shares of 5 pence each in the capital of the Company (“Shares”) on 22 November 2017 at a price of 155 pence per Share. The acquired shares will be held in treasury. Liberum Capital Limited completed the acquisition on the Company's behalf pursuant to the share buy-back programme announced on 2 October 2017.

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Grainger, the UK's largest listed residential landlord, today announces that it has exchanged contracts with Blackswan Property Limited to forward fund and acquire a private rented sector (PRS), build to rent development, Gilder's Yard in Birmingham, comprising 156 new purpose built PRS homes, for c.£28m.

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Mountview announced its half year report today

Key Points

Turnover at £33.0 million down by 2.9% (2016 – £34.0m)
Gross profit at £20.8 million down by 13.7% (2016- £24.1m)
Profit before tax at £18.4 million down by 15.2% (2016 – £21.7m)
Earnings per share at 381.3 pence down by 14.7% (2016 – 446.9p)
Net assets per share at £89.1up by 6.8% (2016 – £83.4)…

Edinburgh Investment Trust released its half year report today…