Latest Finance News
Intu embarks on crisis talks to save company from collapse
Shopping centre giant intu has embarked on a series of meetings with lenders and investors in a last-ditch attempt to rescue the company from collapse.
Supermarket Income REIT pays dividend and increases rents
Supermarket Income REIT will pay its third-quarter dividend after receiving all of its expected quarterly rent.
The City Pub Group seeks £22m through new shares placing
The City Pub Group is looking to raise up to £22m to strengthen its balance sheet with a placement of new shares after the business was hit by the coronavirus outbreak.
Property stocks plummet as coronavirus crisis escalates
Share prices have slumped by around 37% on average, with struggling retail landlord intu hit hardest.
Regulators urge banks to be flexible in timely move for real estate
UK and EU regulators have urged banks to take a flexible approach to problem loans in a move that will be welcomed by landlords just days before their interest payments are due.
British Land suspends dividend and defers £40m in rents
British Land has suspended its dividend and will defer £40m in rents this quarter, spreading the repayments over six quarters from September 2020 in response to the coronavirus crisis.
Intu receives 29% of rent due on rent quarter day
Intu has revealed that it received 29% of the rent that was due yesterday on rent quarter day, down from 77% at the same point last year.
Stenprop refinances loan as Covid-19 hits
Stenprop has refinanced a £28m loan as it prepares its business for the impact of coronavirus.
Listed lenders hit by margin calls and share price slump
UK-listed lenders seek to reassure investors as Covid-19 prompts fall in share prices and rise in margin calls.
Honeycomb backs away from deal with Urban Exposure
Pollen Street Capital’s Honeycomb Holdings has told Urban Exposure that it doesn’t want to proceed with its purchase of the AIM-listed lender’s loan book on the terms agreed.
Relief measures for estate agencies hailed ’a real boost’
High street estate agents welcome confirmation they will not have to pay business rates in 2020-21
Bellway profit falls as housebuilder as it closes down sites
House builder Bellway Homes has revealed a 7% fall in pre-tax profit for the six months to the end of January and has warned of “a period of substantial disruption” during the Covid-19 health crisis.
Unite cancels rent payments for students wishing to return to their families
RoundShield raises £670m in fourth fund
McCarthy & Stone offers 300 homes to NHS staff and recovering elderly
Colony chairman warns US market for CRE loans is 'on the brink of collapse'
Billions of pounds of rent won’t be paid tomorrow, say UKHospitality
Covid-19: Taylor Wimpey closes construction site and cancels dividend
Covid-19: Redrow warns of impact on house sales and cancels dividend
Covid-19: Propcos postpone results following advice to delay from regulators
Budget measures must help everyone
Editor: Extra business rates relief measures announced by the chancellor this week, added to those in the Budget, should go far in helping the retail and leisure sector through the worst of the current coronavirus crisis.
Stock Market
Property Stocks Daily Performance: Friday 27th March
We look at the performance of the top property company stocks.
Property Funds
Leading UK property funds gate amid coronavirus woes
Several leading UK property funds have halted trading this week as a result of the coronavirus.
Intu embarks on crisis talks to save company from collapse
Shopping centre giant intu has embarked on a series of meetings with lenders and investors in a last-ditch attempt to rescue the company from collapse.
PW Share Index
Review the latest share prices of the FTSE-listed property investment companies using data provided by the European Public Real Estate Association.
