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Unite Group PLC (UTG.L)

UTG.L on London Stock Exchange

839.50GBp
19 Jun 2018
Change (% chg)

-9.50 (-1.12%)
Prev Close
849.00
Open
847.00
Day's High
852.00
Day's Low
838.00
Volume
643,822
Avg. Vol
612,626
52-wk High
873.00
52-wk Low
630.50

Latest Key Developments (Source: Significant Developments)

Unite Group Says Richard Simpson Steps Down To Take Up CEO Position At Watkin Jones
Friday, 18 May 2018 

May 18 (Reuters) - Unite Group PLC ::RICHARD SIMPSON WILL BE STEPPING DOWN FROM HIS ROLE WITH IMMEDIATE EFFECT.RICHARD HAS DECIDED TO TAKE UP ROLE AS CEO OF WATKIN JONES PLC..  Full Article

Unite Group Extends University Partnerships With Oxford Acquisition​
Friday, 8 Dec 2017 

Dec 8 (Reuters) - UNITE GROUP PLC ::‍UNITE EXTENDS UNIVERSITY PARTNERSHIPS WITH OXFORD ACQUISITION​.AGREED COMMERCIAL TERMS WITH OXFORD BROOKES UNIVERSITY FOR 25-YEAR NOMINATIONS AGREEMENT COVERING SITE, WHICH WILL EXTEND ITS PARTNERSHIP WITH UNITE TO 1,350 BEDS​.‍NEW DEVELOPMENT IS EXPECTED TO PROVIDE 885 NEW BEDS AND WILL BE DELIVERED FOR 2019/20 ACADEMIC YEAR ​.TOTAL DEVELOPMENT COSTS EXPECTED TO BE AROUND £75 MILLION.  Full Article

Unite Group secures 500 mln debt facility
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Unite Group Plc ::‍SECURED INVESTMENT GRADE CREDIT RATING AND ARRANGED A NEW FIVE YEAR UNSECURED DEBT FACILITY​.UNITE GROUP - ‍NEW £500 MILLION UNSECURED DEBT FACILITY PROVIDES ADDITIONAL FINANCING HEADROOM FOR DEVELOPMENT PIPELINE AND GREATER FINANCIAL FLEXIBILITY​.‍NEW FACILITIES WILL INCREASE DEBT MATURITY BY 12 MONTHS, AND WITH AN INITIAL MARGIN OF 145BP​.‍SYNDICATE FOR NEW FACILITIES CONSISTS OF HSBC BANK PLC AND ROYAL BANK OF SCOTLAND PLC​.  Full Article

Unite Group says USAF acquires 437-bed property in Sheffield for 35.5 mln stg
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Unite Group Plc ::UNITE GROUP PLC - ‍UNITE STUDENTS ACCOMMODATION FUND (USAF) ACQUIRES 437-BED PROPERTY IN SHEFFIELD FOR £35.5 MILLION​.  Full Article

Unite Group acquires two properties under development
Thursday, 25 May 2017 

May 25 (Reuters) - Unite Group Plc ::Acquisitions and disposal.Announces acquisition of two properties under development and disposal of a studio scheme.Combined cost of developments is £56 million, unite share £12.9 million.Acquisitions are expected to generate a yield on cost of 6.3% in their first full year of operation.  Full Article

Unite Group posts FY adjusted EPRA earnings up 24 pct to £61.3 mln
Wednesday, 22 Feb 2017 

Unite Group PLC : FY adjusted EPRA earnings up 24 pct to £61.3 million or 27.7p (2015: £49.5 million, 23.1p) . FY profit before tax £201.4 million (2015: £388.4 million) . FY final dividend declared up 26% to 12.0p (2015: 9.5p). . Full year dividend of 18.0p (2015: 15.0p) . Like-For-Like rental growth of 3.8% for full year (2015: 3.8%) . Reservations for 17/18 academic year at 75%, a record level for this time of year (2015: 67%) .Brexit not expected to significantly impact student numbers and supports strategy to focus on relationships with high to mid- ranked universities.  Full Article

Unite Group announces disposal of two assets to USAF
Thursday, 29 Sep 2016 

Unite Group Plc : Disposal of two assets to usaf . Announces disposal of greetham street, portsmouth and gosford gate, coventry to usaf for a combined value of £88.4 million . Both properties, comprising 1,122 beds, were completed in 2016 and are fully let for 2016/17 academic year . Disposals increase sales in year to over £110 million on a see-through basis . Unite retains a stake of 23% in usaf . Both properties generating an income yield on cost of 9.3% .Acquisition has been funded in usaf with a new £100 million 5-year facility provided by wells fargo.  Full Article

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Peugeot's UK Vauxhall car workers agree pay deal as dispute in Germany continues

LONDON Workers at Peugeot-maker PSA's Vauxhall car plant in Britain have agreed a pay deal with the French automaker, the Unite Union said on Thursday, as a dispute with the firm's Opel workers in Germany continues.