Capital & Regional (CAL)

Shopping centre landlord Capital & Regional (CAL) expects a positive second half of the year despite the vote to leave the European Union and the collapse of BHS. Shares moved 3.4% higher to 60.5p in early trading before falling back to 59.3p as management backed-up their bullish stance by recommending an 8% rise in the interim dividend to 1.62p. This follows a strong first half for the ...

Miners lead the FTSE 100 higher as metals prices gain overnight and KAZ Minerals (KAZ) adds to the growing number of mining companies delivering better-than-expected results. Iron ore plays Antofagasta (ANTO), BHP Billiton (BLT) and Anglo American (AAL) lead the blue chip benchmark higher, up 0.3% at 6,880, followed by gold and silver miner Fresnillo (FRES). Kazakhstan-focused copper play ...

Directors turned net buyers of stocks in the week ending 11 June, according to Director Deals tracking run by Shares online. Net buying totalled £145,000 during the week in the absence of big sales by executives – a rebound from the end of May when a £46 million sale by ASOS (ASC:AIM) founder Nick Robertson saw net selling of around £68 million. Catching our attention this week are two ...

An attractive valuation and juicy dividend forecast has lured non-executive director Louis Norval into increasing his stake in shopping centre landlord Capital & Regional (CAL) to almost 20% of the business. He spent around £1.2 million buying two million shares in the real estate investment trust (REIT) at an average price of 60p (2 Jun). The deal was completed through PDI ...

London stocks make modest gains in early trade on Friday as the market mulls over a busy week that included central bank policy decisions, a raft of economic data and the UK Budget 2016. The FTSE 100 nudges 30-odd points higher to 6,229, with midcaps and smaller companies running higher by similar margins. Foods-to-fashion conglomerate Associated British Foods (ABF) firms 15.5p to ...

London stocks gain make steady gains in early deals on Friday, mimicking early gains across Europe and following rises on Wall Street and in Asia overnight. Broadly steady crude prices help sentiment, which boost big-ticket mining stocks, which litter the top of the Footsie leader board. Ever-volatile Glencore (GLEN) is among the diggers' rally, although it is Antofagasta (ANTO), up 4.8% at ...

UK equities continue yesterday's rally away from three-year lows as a plethora of resources, retail and financials press ahead in early deals. There's also better news from China as the world's second biggest economy shows a trade surplus widening to 382.05 billion yuan in December from 343.10 billion in November, beating analysts’ forecasts of 338.80 billion yuan. Exports rose unexpectedly by ...

Shopping centre investor and manager Capital & Regional (CAL) is working to protect its portfolio from the effects of another economic downturn by having greater diversification, principally adding more leisure outlets to its properties. The £470.9 million cap, which became a real estate investment trust (REIT) in January to help it access growth capital, owns six shopping centres and ...

Investors backing shopping centre landlord Capital & Regional (CAL) can expect to receive a 222% dividend increase after the company became a real estate investment trust (REIT) in December. The £400 million cap is to pay 2.9p a share this year, equivalent to a 5% yield, according to analysts at Numis, dwarfing the 0.9p a share paid in 2014. Further dividend improvements are expected at ...

London markets drift in early trade on Wednesday despite some strong early performances among the blue-chips. The FTSE 100 slides around 8 points to 6,879 with investors holding fire ahead of a barrage of economic data. Far east-based banking group Standard Chartered (STAN) heads the Footsie leader board with a substantial near 8% hike to £10.44 as investors get excited about incoming chief ...

Luxury goods leader Burberry (BRBY) bounces 5.4% higher to £15.48 as its third quarter and Christmas trading statement trounces expectations. Over the three months to December, the £6.5 billion cap grew retail sales 14% to £528 million and like-for-like sales 12%, a strong showing over the festive period. The quintessentially British brand, famed for its high-end trench coats and leather ...

A decent set of numbers from Domino's Pizza (DOM) helps the share price rise 2.6% to 604p. Like-for-like sales grew 4% in the 13 weeks to 29 September. Yet Canaccord analyst Wayne Brown reckons the trading update 'raises even more concerns' about the fast food expert. He doesn't like news that Domino's has lowered its store opening target by 17% for the year. 'In a retail market where new site ...

Car dealer Lookers (LOOK) – a recent Shares Play of the Week - issues record half-year figures, triggering earnings upgrades from the analyst community. Alas, the shares lose their gains from early trading to fall 1.8% at 126.25p. Pre-tax profits are up 19.5% to £28.8 million, there's strong cash flow and debt reduction and shareholders will enjoy a 10% dividend hike. New and used car sales ...

Shopping centre and retail park investor Capital & Regional (CAL) is set to pay its first dividend for five years as management’s restructuring plan starts to pull the company clear of a tough retail property market. Consensus believes the £121 million cap will offer shareholders 0.5p this year and then 0.7p next, for yields of 1.5% and 2.0% on the 34.7p share price. A swing from last ...