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SEGRO


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British warehouse developer Segro bottoms FTSE 100 as NAV slips

BUZZ-British warehouse developer Segro bottoms FTSE 100 as NAV slips ** Shares of warehouse developer Segro SGRO.L down 2.2% at 887p; stock is top loser in London's FTSE 100 index .FTSE ** Co's overall adjusted net asset value (NAV) per share , a key measure gauging property valuation, fell 1.8% to 891p at half-year end ** ADJ NAV also misses Barcl
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Segro says UK property values increase for first time since 2022

UPDATE 1-Segro says UK property values increase for first time since 2022 Adds background and details on results throughout July 26 (Reuters) - Warehouse developer Segro SGRO.L said on Friday its UK property values have increased for the first time since 2022 when an ill-timed mini-budget by the Liz Truss government had roiled the commercial property sector.
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UK Stocks-Factors to watch on July 26

UPDATE 1-UK Stocks-Factors to watch on July 26 Adds new items, updates futures July 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0 .2%. * NATWEST: NatWest's NWG.L first-half pretax operating profit fell by a less-than-expected 16% to 3 billion pounds ($3.86 billion), it said, with margins hit by mortgage market competition and savers shifting deposits to higher-paying products.
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Segro Says HY Adjusted Pre-Tax Profit Up 14.6%

BRIEF-Segro Says HY Adjusted Pre-Tax Profit Up 14.6% July 26 (Reuters) - SEGRO PLC SGRO.L : SEGRO - HY ADJUSTED PRE-TAX PROFIT OF £227 MILLION UP 14.6 PER CENT COMPARED WITH PRIOR YEAR SEGRO - OVERALL VALUATION FLAT AT HY END SEGRO - INTERIM DIVIDEND INCREASED BY 4.6 PER CENT TO 9.1 PENCE SEGRO - ASSET VALUES APPEAR TO BE AT AN INFLECTION POINT IN
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Segro says UK property values increase for first time since 2022

Segro says UK property values increase for first time since 2022 July 26 (Reuters) - Warehouse developer Segro SGRO.L said on Friday values of its properties have stabilised, with the UK business seeing its first increase since the cycle turned in 2022, in the aftermath of an ill-timed mini-budget under the Liz Truss government. The company said overall adjusted net asset value per share - a key measure gauging property valuation - declined 1.8% to 891 pence at half-year end, but value of its UK
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UK Stocks-Factors to watch on July 26

UK Stocks-Factors to watch on July 26 July 26 - Britain's FTSE 100 .FTSE index is seen opening higher on Friday, with futures FFIc1 up 0.4%. * OIL: Oil prices were up slightly on stronger-than-expected U.S. economic data that raised investor expectations for increasing crude oil demand from the world's largest energy consumer. * GOLD: Gold was on track for a weekly loss , even as prices firmed ahead of a key U.S.
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UK corporate earnings week ahead

DIARY-UK corporate earnings week ahead July 19 (Reuters) - Diary of U.K (.FTSE) corporate earnings for the week ahead UK EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 24-Jul-2024 NTS UTG.L Unite Group PLC Half Year 2024 Unite Group PLC Earnings Release 24-Jul-2024 BMO INF.L Informa PLC Half Year 2024 Informa PLC Earnings Release 24-Jul-2024 06:00 EZJ.L Easyjet PLC Q3 2024 Easyjet PLC Earnings Release 24-Jul-2024 06:00 RKT.L Reckitt Benckiser Group PLC Half Year 2024 Reckitt Be
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UK Stocks-Factors to watch on June 27

UPDATE 1-UK Stocks-Factors to watch on June 27 Adds news items, updates futures June 27 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening flat on Thursday, with futures FFIc1 largely unchanged. * CURRYS: British electricals retailer Currys CURY.L , forecast further profit growth this year after a 10% rise in 2023/24 that reflected improving trading momentum through the period.
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Segro Buys €222 Mln Of Logistics Warehouses In Netherlands

BRIEF-Segro Buys €222 Mln Of Logistics Warehouses In Netherlands June 27 (Reuters) - SEGRO PLC SGRO.L : SEGRO ACQUIRES €222 MILLION OF LOGISTICS WAREHOUSES IN THE NETHERLANDS SEGRO PLC - ACQUIRES €222 MILLION OF LOGISTICS WAREHOUSES SEGRO PLC - ACQUISITIONS YIELD 4.6% INITIALLY SEGRO PLC - BUYS 98,000 SQ M LOGISTICS ESTATE IN EINDHOVEN Source
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UK's Segro buys three logistics warehouses in Netherlands for $237 mln

UPDATE 1-UK's Segro buys three logistics warehouses in Netherlands for $237 mln Adds details of transactions in paragraphs 3 and 4 June 27 (Reuters) - Britain's Segro SGRO.L has acquired three fully leased logistics warehouses in the Netherlands for 222 million euros ($237.4 million), the warehousing group said on Thursday. The acquired assets, totalling 172,300 square metres, have a net initial yield of 4.6%, the UK-based r eal estate investment trust (REIT) said in a statement.
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UK's Segro buys three logistic warehouses in Netherlands for $237 mln

UK's Segro buys three logistic warehouses in Netherlands for $237 mln June 27 (Reuters) - Britain's Segro SGRO.L has acquired three fully leased logistics warehouses in the Netherlands for 222 million euros ($237.4 million), the warehousing group said on Thursday. The acquired assets, totalling 172,300 square metres, have a blended topped-up net initial yield of 4.6%, the UK-based REIT said in a statement.
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Admiral, Maersk, Raspberry PI

EUROPE RESEARCH ROUNDUP-Admiral, Maersk, Raspberry PI June 25 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Admiral, Maersk and Raspberry, on Tuesday. HIGHLIGHTS * Admiral ADML.L : Berenberg raises to buy from hold; raises PT to 3,127p from 2,973p * Direct Line Insurance DLGD.L : Berenberg cuts to hold from buy * IMI Plc IMI.L : JP Morgan raises target price to 2,200p from 1,850p * Maersk MAERSKb.CO : Morgan Stanley raises target
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London's FTSE 100 gains after CPI shows in-line inflation, copper prices boost

UPDATE 2-London's FTSE 100 gains after CPI shows in-line inflation, copper prices boost For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.2%, FTSE 250 up 0.1% UK services inflation drops to 5.7%; headline inflation at 2% Helios Towers ofers discounted secondary share placement; shares fall Updated at 1550 GMT By Pranav Kashyap and Purvi Agarwal June 19 (Reuters) - London's FTSE 100 closed higher on Wednesday as investors dige
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Hargreaves Lansdown, Segro, Umicore

EUROPE RESEARCH ROUNDUP-Hargreaves Lansdown, Segro, Umicore June 19 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Hargreaves Lansdown, Segro and Umicore, on Wednesday. HIGHLIGHTS * GEA Group AG G1AG.DE : Jefferies raises to buy from hold * Hargreaves Lansdown HRGV.L : Jefferies cuts to hold from buy * Oxford Instruments OXIG.L : Berenberg raises target price to 2,945p from 2,640p * Segro SGRO.L : Jefferies cuts to hold from buy *
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UK property, housing stocks gain as US inflation data boost rate cut hopes

BUZZ-UK property, housing stocks gain as US inflation data boost rate cut hopes ** The FTSE Real Estate index .FTUB3510 , which includes commercial property firms and real estate investment trusts (REITs), gains 2.5% ** UK homebuilders' index .FTNMX402020 rises 2.5% ** Shares of UK real estate firms gain after US consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost to financial market expectation
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Bernstein sees potential for underperformance reversal in European real estate

BUZZ-Bernstein sees potential for underperformance reversal in European real estate ** Bernstein chooses Covivio CVO.PA , Eurocommercial ECMPA.AS , LEG LEGn.DE , Gecina GFCP.PA and Vonovia VNAn.DE as its European real estate top picks, as the broker says these companies are exposed to sub-sectors inclined to deliver "sustainable long-term growth" ** Said sectors include industrial/logistics, German residential and prime offices, Bernstein says ** The broker rates the European companies as well a
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