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Don't have an account? Click here to register.F&C Commercial shareholders stop merger
Mon, 09th Aug 2010 17:33
A slim majority of independent shareholders in F&C Commercial Property Trust have voted against the merger with UK Commercial Property Trust.These are two of the UK's largest commercial property investment trusts and they would have become the sixth largest property company on the London market. The vote was close with 50.07% against the merger and 49.93% in favour of it. Shareholders in UK Commercial Property voted for the merger but it will not proceed. The board of F&C Commercial will consider the future of the company and will consult with its main shareholders.
More News
5 Apr 2016 08:05
Strength the keyword for F&C Commercial Property Trust
(ShareCast News) - F&C Commercial Property Trust was holding steady in 2015, it reported on Tuesday, as it prepared the business for a change in the cycle from capital returns to income returns. The FTSE 250 firm saw net asset value total return of 15.9% during the year, and share price total return
Read more27 Aug 2015 09:58
F&C Commercial Property Trust interim profit declines
(ShareCast News) - Investment group F&C Commercial Property Trust reported a decline in interim profit. In the six months to 30 June, the group posted a 16.5% year-on-year decline in pre-tax profit to £78.8m, while total revenue declined 17.5% year-on-year to £90.8m. The FTSE 250 group said unreal
Read more16 Oct 2014 15:26
21 Jul 2014 15:32
FTSE 250 movers: Hochschild lifted by rating, Bellway falls
Housebuilder Bellway was lower amid a wider sector decline after Rightmove published data that showed the average asking price for a UK home dropped 0.8% from £272,275 in June to £270,159 in July. The also had its 'hold' rating reiterated by Deutsche Bank. Oil stocks including Cairn Energy weake
Read more21 Jul 2014 13:09
F&C Comms Property acquires warehouse, reports rise in NAV
F&C Commercial Property Trust has acquired a long leasehold in a new production and distribution warehouse in Liverpool for £11.9m. The site is entirely let to Johnson Controls Automotive for a 15-year term at a passing rent of £812,050 per annum. Johnson Controls manufacture the car seats for the
Read more