Latest News

Landsec agrees £245m sale of Queen Anne's Mansions office block


By Michael Griffiths

Landsec has agreed to sell its Queen Anne's Mansions (QAM) office block in London to Arora Group for a deal worth £245m.

The property group said the disposal of the asset marks “significant early progress” on an objective to release £2bn of capital from offices by 2030


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Tribal Group enjoys H1 earnings and revenue growth

Tribal Group has reported a 5.5% rise in annual recurring revenue (ARR) to £59.9m in its opening half results

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Applied Nutrition on track to beat expectations

Applied Nutrition has stated that its group revenue for the full year is set to increase annually by 24% to £107m, which will beat previous expectations

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HICL sells seven UK PPP assets for £225m

HICL Infrastructure has sold its portfolio of seven personal pension plan (PPP) assets to Dutch pension services provider, APG, for £225m

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Centrica purchases National Grid’s Grain LNG business

National Grid has agreed to sell its Grain LNG business to a consortium of British Gas owner, Centrica, and Energy Capital Partners, which is part of Bridgepoint Group.

The proceeds of the transaction will total £1.66bn, National Grid has estimated, which includes a pre-completion dividend

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Associated British Foods acquires Hovis Group

Associated British Foods (ABF) has announced a deal to acquire Hovis Group from Endless LLP for an undisclosed amount

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Evelyn Partners owners exploring potential sale

Wealth management group Evelyn Partners is exploring a potential sale with NatWest and Royal Bank of Canada in the frame as potential buyers, a report by The Financial Times has revealed

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Beacon Rise Holdings announces CFO appointment

Beacon Rise Holdings has confirmed that Mark Tavener has been appointed as the group’s new chief financial officer (CFO)

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Murray International Trust’s net asset value jumps 3.4%

Murray International Trust has seen its net asset value per share increase by 3.4% in the six months to 30 June, totalling 287.9 pence in this period

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Empiric agrees to £723m Unite acquisition

Empiric Student Property has agreed to an acquisition offer from The Unite Group, valued at a cash and share capital value of £723m

Brother Staff Retirement Benefits Scheme completes £56m buy-in with Just

The Brother Staff Retirement Benefits Scheme has completed a £56m full scheme buy-in with Just Group, securing the retirement benefits of all 679 members of the scheme, including 299 pensioners and dependents, and 380 deferred members
PageGroup’s profits tumble in H1

Recruitment company PageGroup has posted a 99.2% decline in pre-tax profit in H1, slipping from £27.7m last year to just £200,000
Savills reports growth despite Q2 slowdown

Savills has posted a 6% jump in revenue to £1.13bn in its H1 results, although the real estate group did report a slowdown in Q2 activity


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