Market News - Page 906

LondonMetric Plc – Purchase of Crawley Distribution site

LondonMetric Property Plc (“LondonMetric”) announces that it has purchased a four acre site in Crawley to develop approximately 100,000 sq ft of prime distribution space at a cost of cGBP20 million, reflecting a yield on cost of c6.3%.
Located on a prime South East urban logistics estate less than one mile from Gatwick Airport, the site has been purchased for GBP7.6 million. Planning for the new scheme is expected by the end of this year with build completion anticipated in the first quarter of 2018.
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Benchmark Plc – Trading Update

Trading Update and Notice of Results — Trading in line with management's expectations
— INVE integration progressing well with first operational synergies realised
— Braintree manufacturing facility expected to enter commissioning by September
— Encouraging progress in development pipeline

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McKAY REPORTS SIGNIFICANT PROGRESS IN ALL KEY AREAS 24/05/2016…

Group reported revenues up 2% to GBP803 million, driven by strong Television and Family performance, offset by weaker Film…

FY16 outturn in line with market expectations
  The year to 31 March 2016 ended in line with market expectations.  Aggregate generation increased by 70 per cent in FY16 to 3,177 GWh from 1,861 GWh in FY15. …

Scapa Plc – Final Results…

Scapa Plc – Acquisition

Driver Group Plc – Half Yearly Report
Revenue up by 32% to GBP27.9m (2015: GBP21.1m) …