Edition:
India

Unite Group PLC (UTG.L)

UTG.L on London Stock Exchange

1,272.00GBp
25 Feb 2020
Change (% chg)

-24.00 (-1.85%)
Prev Close
1,296.00
Open
1,319.00
Day's High
1,321.00
Day's Low
1,268.00
Volume
384,173
Avg. Vol
603,671
52-wk High
1,351.00
52-wk Low
888.00

Latest Key Developments (Source: Significant Developments)

Unite Group Announces New University Partnership With University Of Leeds
Wednesday, 9 Oct 2019 

Oct 9 (Reuters) - Unite Group PLC ::UNITE GROUP PLC ANNOUNCES NEW UNIVERSITY PARTNERSHIP WITH UNIVERSITY OF LEEDS.UNITE GROUP PLC - AGREEMENT COVERS 559 OF 976 BEDS IN DEVELOPMENT, WHICH WILL OPEN IN TIME FOR 2020/21 ACADEMIC YEAR.  Full Article

Unite Group Sells Two Properties In Coventry For 96 Mln Stg
Monday, 7 Oct 2019 

Oct 7 (Reuters) - Unite Group PLC ::UNITE DISPOSES OF TWO ASSETS FOR £96 MILLION.ANNOUNCES DISPOSAL OF TWO WHOLLY OWNED PROPERTIES IN COVENTRY, COMPRISING 1,127 BEDS FOR £96 MILLION.PROPERTIES ARE BEING SOLD TO MAPLETREE INVESTMENTS PTE LTD AND HAVE BOTH NOW EXCHANGED AND COMPLETED.PURCHASE PRICE OF 2 ASSETS IS IN LINE WITH BOOK VALUE.INTEND TO DISPOSE OF APPROXIMATELY £150-200 MILLION OF ASSETS PER ANNUM OVER NEXT THREE YEARS.  Full Article

Unite Group Buys New Development Site In Nottingham
Monday, 12 Aug 2019 

Aug 12 (Reuters) - Unite Group PLC ::UNITE ACQUIRES NEW DEVELOPMENT SITE IN NOTTINGHAM.HAS EXCHANGED CONTRACTS TO ACQUIRE A NEW 620-BED DEVELOPMENT SITE IN NOTTINGHAM.EXCHANGED CONTRACTS TO ACQUIRE A NEW 620-BED DEVELOPMENT SITE IN NOTTINGHAM.TOTAL DEVELOPMENT COSTS ARE ESTIMATED TO BE £48 MILLION.DIRECT LET DEVELOPMENT, WHICH IS SUBJECT TO PLANNING CONSENT, WILL OPEN IN TIME FOR 2022/23 ACADEMIC YEAR.DEAL WILL BE FUNDED FROM INTERNALLY GENERATED SOURCES.  Full Article

UK's CMA Investigating Anticipated Acquisition By Unite Group Of Liberty Living Group
Tuesday, 30 Jul 2019 

July 30 (Reuters) - UK'S CMA::INVESTIGATING THE ANTICIPATED ACQUISITION BY UNITE GROUP PLC OF LIBERTY LIVING GROUP PLC.  Full Article

Unite Group Plc Says HY Pretax Profit Down 12% To 125.5 Mln Stg
Tuesday, 23 Jul 2019 

July 23 (Reuters) - Unite Group PLC ::UNITE GROUP PLC SAYS HY PROFIT BEFORE TAX DOWN 12% TO £125.5 MILLION (H1 2018: £142.5 MILLION).UNITE GROUP PLC SAYS REMAIN CONFIDENT IN DELIVERING MEDIUM-TERM RENTAL GROWTH OF 3.0-3.5%.UNITE GROUP PLC REMAIN ON TRACK TO DELIVER FULL YEAR EBIT MARGIN TARGET OF 74% BY END OF 2021.UNITE GROUP PLC SAYS EXPECT TO REACH TARGET LEVEL OF 97-98% OCCUPANCY FOR 2019/20 ACADEMIC YEAR.  Full Article

CPPIB Says To Hold 1 Seat On Board Of Unite Students Post Liberty Living Deal
Wednesday, 3 Jul 2019 

July 3 (Reuters) - Canada Pension Plan Investment Board : :CANADA PENSION PLAN INVESTMENT BOARD ANNOUNCES THE ACQUISITION OF LIBERTY LIVING BY UNITE STUDENTS TO FORM A LEADING STUDENT ACCOMMODATION OPERATOR IN THE UK.CANADA PENSION PLAN INVESTMENT BOARD-NET PROCEEDS TO CPPIB FROM SALE ABOUT C$1.3BLN BEFORE CLOSING ADJUSTMENTS,RETAIN 20% SHAREHOLDING IN COMBINED GROUP.CANADA PENSION PLAN INVESTMENT BOARD- ON DEAL COMPLETION, CPPIB WILL HOLD ONE SEAT ON BOARD OF UNITE STUDENTS.  Full Article

Unite Group Buys Liberty Living Group For 1.4 Bln Stg
Wednesday, 3 Jul 2019 

July 3 (Reuters) - Unite Group PLC ::ACQUISITION OF LIBERTY LIVING GROUP PLC.ACQUISITION HAS BEEN PRICED ON A NAV-FOR-NAV BASIS FOR A TOTAL CONSIDERATION OF £1.4 BILLION.UNITE PLANS TO MAINTAIN ITS 85% DIVIDEND PAYOUT RATIO FOR ENLARGED GROUP.ENLARGED GROUP DISPOSAL PLAN OF £150-200 MILLION PER ANNUM OVER NEXT THREE YEARS."CONSERVATIVELY FINANCED" ACQUISITION.LTV FOR ENLARGED GROUP IMMEDIATELY AFTER COMPLETION EXPECTED TO BE ABOUT 40% WITH TARGET OF 35% FOLLOWING PLANNED DISPOSALS.  Full Article

Unite Group raises 250 mln stg from external investors
Monday, 20 May 2019 

May 20 (Reuters) - Unite Group PLC ::SAYS ANNOUNCES UNITE UK STUDENT ACCOMMODATION FUND ('USAF') HAS SUCCESSFULLY RAISED £250 MILLION OF NEW EQUITY FROM EXTERNAL INVESTORS.SAYS PROCEEDS REPRESENT 17% OF USAF'S NAV AS OF MARCH 2019.SAYS UNITE HAS AGREED TO SELL THREE ASSETS TO USAF FOR A TOTAL CONSIDERATION OF £111 MILLION (UNITE SHARE £83 MILLION), REPRESENTING A NET INITIAL YIELD OF 5.5%.  Full Article

Unite Group Raise 250 Mln Stg Equity , To Sell Assets For 111 Mln Stg
Monday, 20 May 2019 

May 20 (Reuters) - Unite Group PLC ::EQUITY RAISE AND ACQUISITION.UNITE UK STUDENT ACCOMMODATION FUND £250M EQUITY RAISE AND £111M ACQUISITION.AGREED TO SELL THREE ASSETS TO USAF FOR A TOTAL CONSIDERATION OF £111 MILLION.  Full Article

Unite Group Reports FY Profit Before Tax Of £245.8M
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Unite Group PLC ::UNITE GROUP PLC - FY PROFIT BEFORE TAX £245.8M VERSUS £229.4M.UNITE GROUP PLC - FY DIVIDEND PER SHARE 29.0P VERSUS 22.7P.UNITE GROUP PLC - FY LIKE-FOR-LIKE RENTAL GROWTH* 3.2% VERSUS 3.4%.UNITE - RESERVATIONS FOR 2019/20 ACADEMIC YEAR IN LINE WITH RECORD LEVELS FOR THIS TIME OF YEAR, SUPPORTING LFL RENTAL GROWTH GUIDANCE OF 3.0-3.5%.UNITE GROUP PLC - EXPECT TO MAINTAIN OUR RUN RATE OF 1,500-2,500 NEW BEDS OVER COMING FEW YEARS.  Full Article

Jaguar Land Rover to cut over 10% of workforce at UK Halewood factory- union

LONDON, Jan 22 British carmaker Jaguar Land Rover (JLR) will cut over 10% of the workforce at its northern English Halewood factory due to slower than expected growth of two models, the Unite Union said on Wednesday.