Edition:
India

Grainger PLC (GRI.L)

GRI.L on London Stock Exchange

287.80GBp
12 Dec 2017
Change (% chg)

1.60 (+0.56%)
Prev Close
286.20
Open
290.00
Day's High
297.40
Day's Low
286.30
Volume
976,141
Avg. Vol
850,132
52-wk High
297.40
52-wk Low
226.80

Latest Key Developments (Source: Significant Developments)

Grainger says FY pre-tax profit up 2 pct
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - GRAINGER PLC ::FINAL DIVIDEND 3.26 PENCEPER SHARE.TOTAL DIVIDEND 4.86 PENCEPER SHARE.‍FY NET RENTAL INCOME UP 8% TO £40.4M VERSUS £37.4M MILLION YEAR AGO.FY ‍PROFIT BEFORE TAX UP 2% TO £86.3M VERSUS £84.2M YEAR AGO​.‍FY EPRA NNNAV UP 5.6% TO 303P VERSUS 287P YEAR AGO​.  Full Article

Grainger ‍acquires 192-home stabilised prs portfolio in Manchester
Friday, 24 Nov 2017 

Nov 24 (Reuters) - GRAINGER PLC ::‍ACQUIRES A 192-HOME STABILISED PRS PORTFOLIO IN MANCHESTER FOR £26 MLN​.ACQUIRED STABILISED PORTFOLIO OF THREE BLOCKS, IN MANCHESTER, COMPRISING 192 PRIVATE RENTED SECTOR (PRS) HOMES, FOR £26 MLN​.  Full Article

Grainger commits to build-to-rent scheme on Leeds Riverside
Friday, 30 Sep 2016 

Grainger Plc : Commit to landmark build-to-rent scheme on Leeds Riverside to deliver c.250 prs homes . Agreed to forward purchase a private rented sector for c.40m stg from YP Real Estate .Scheme is expected to complete in 2019 and is anticipated to generate a gross yield on cost approaching 7 pct once fully let.  Full Article

Grainger says performance in sales in line with management expectations
Thursday, 11 Aug 2016 

Grainger Plc : Update on trading for ten months to 31 July 2016 . Says 91 mln stg of revenue from sales of vacant properties over period (July 2015: 81 mln stg) . Says sales pipeline of 188 mln stg (July 2015: 172 mln stg) . Says started construction of our 100 mln stg Clippers Quay Scheme in Salford (614 homes) .Says continued high levels of demand for UK private rented sector homes (PRS), with good lettings and levels of rental growth.  Full Article

Grainger sees FY recurring profit ahead of its expectations
Thursday, 19 May 2016 

Grainger Plc : Strong performance during a transformational period . Significant progress against strategic targets . Grainger has performed strongly in first six months of year. . Identified cost savings that will reduce our overheads by almost a quarter . Half yearly net rental income up 13% to £18.0m. . Rhalf yearly recurring profit up 13% to £25.4m. . 1.45p interim dividend and an expected full year dividend of around 4p, . Profit before tax on continuing operations of £36.6m (hy15: £21.1m), . Second half of the year has started well . Expect recurring profit for full year to be ahead of management expectations. .Actively considering, bidding on, and securing a number of compelling prs investment opportunities,.  Full Article

Grainger Plc announces sale of german portfolio and business
Friday, 5 Feb 2016 

Grainger Plc:Says it has exchanged contracts with Heitman, to sell its equity interest in the FRM German residential rented portfolio and in its German business platform for gross consideration of e124 mln (£94m).  Full Article

Grainger declares quarterly dividend
Wednesday, 27 Jan 2016 

Grainger PLC:Declares a cash dividend of $1.17 per share payable on March 1, 2016, to shareholders of record on February 8, 2016.  Full Article

Fitch Assigns Pinewood Group Final Rating of 'BB', Secured Bond 'BB+'; Outlook Stable

(The following statement was released by the rating agency) LONDON, December 07 (Fitch) Fitch Ratings has assigned a final Issuer Default Rating (IDR) of 'BB' to UK-based film studio real estate owner, Pinewood Group Limited. Fitch has also assigned a final rating of 'BB+' to Pinewood Finco plc's 3.75% coupon GBP250 million guaranteed senior secured bond. The Outlook on the IDR is Stable. The ratings on Pinewood Group reflect: its position as one of the key providers globally of studio space to