All Finance articles – Page 9
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OnlineCushman & Wakefield management donate pay cuts to employees in hardship
Cushman Wakefield’s management team have taken pay cuts of 20-25%, with the savings going directly to employee assistance programmes for those affected by Covid-19.
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Stock Market Summary: 20th April
Harworth sees a near 12% jump, while intu’s share price fluctuations continue.
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Debenhams’ administrators push for deal on rent
Debenhams’ administrators are considering a legal challenge to absolve it of responsibility for its rent bill, according to The Sunday Times .
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IWG plans £250m sale and leaseback for ten UK properties
Flexible workspace provider IWG is planning a £250m sale and leaseback to help shore up its finances.
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Retail leaders call on Government to underwrite rents
The leaders of three leading retail and property groups have written to the Chancellor Rishi Sunak calling on the government to underwrite retail rents as store groups and landlords suffer in the Covid-19 health outbreak.
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Countryside bosses donate 20% of pay to Covid-19 fund
The directors of Countryside Properties are taking a 20% pay cut and donated the savings to add to a £1m community fund to help battle the Covid-19 outbreak.
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Leslau takes on Goldman Sachs in Travelodge rent row
Nick Leslau’s Secure Income REIT has begun legal action against the owners of hotel chain Travelodge after lambasting its owners for not making any proposals to pay rent after failing to make the last quarter payment.
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Workspace offers 50% rent cut to tenants
Flexible workspace provider Workspace has offered tenants a 50% rent reduction during the lockdown period.
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Urban Exposure cuts director pay and cancels dividend
Urban Exposure has cut its directors’ pay by 10% and cancelled the final payment of the 2019 financial year dividend in light of the Covid-19 outbreak.
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Real estate hardest hit by Covid-19 according to latest data
Real estate has been the hardest industry hit during the Covid-19 pandemic, according to the latest Red Flag Alert report from Begbies Traynor.
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Foxtons seeks £22m from investors to help it through health crisis
Foxtons Group is attempting to raise around £22m through a share placing as the group struggles likes many residential agents through the Covid-19 lockdown.
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Purplebricks hires former Zoopla financial chief
Purplebricks has hired former Zoopla chief financial officer (CFO) Andrew Botha to replace outgoing CFO James Davies.
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Raft of major listed propcos choose to suspend dividends
Companies blame coronavirus-induced uncertainty and rental income falls for decision to suspend payments
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Rent collection rates plummet across board during lockdown
Figures reveal it is not only the retail, leisure and hospitality sectors that have suffered as result of pandemic
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Stock Market Summary: 16th April
More positivity in the market, with intu’s share price jumping 14.6%.
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Custodian REIT pays full dividend for last quarter of fiscal year
Custodian REIT is paying its fourth quarter dividend for the previous financial year to shareholders at the end of May.
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Investors commit to £215m Edinburgh BTR project
Apache Capital Partners and Harrison Street doubled down on their commitment to fund a £215m build-to-rent scheme in Edinburgh this morning, shrugging off disruption from the current Covid-19 global pandemic.
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British Land board waives 20% of base salaries
British Land has said this morning that its board of directors will waive 20% of their base salaries or fees for an initial three-month period.
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Barratt bosses take 20% pay cut
Barratt Developments’ directors are all taking a 20% pay cut as the firm continues to furlough 85% of its staff.
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Target Healthcare REIT receives quarterly rent ‘in line with typical collection pattern’
Target Healthcare REIT received quarterly rent payments ‘in line with its typical collection pattern’, with a limited number of tenants staging payments in advance through the upcoming quarter due to the Covid-19 pandemic.
