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Shaftesbury losses deepen; says West End revival underway | 25 May 2021 - Vimarsana News

Shaftesbury losses deepen; says West End revival underway | 25 May 2021

25 May 2021 | 07:11am StockMarketWire.com - London West End property group Shaftesbury booked a deeper first-half loss after the pandemic hurt footfall at retail outlets, squeezing rental income. Pre-tax losses for the six months through March amounted to £338.5 million, compared to year-on-year losses of £287.6 million, and included negative property revaluations of £342.6 million. Rental income fell 19% to £48.9 million amid occupier support, reduced rent collections and increased vacancy. EPRA earnings, an underlying measure watched by analysts, slumped 92% to £2.1 million. Shaftesbur...

Sterling strength sees FTSE slip 0.3% lower | 25 May 2021 - Vimarsana News

Sterling strength sees FTSE slip 0.3% lower | 25 May 2021

25 May 2021 | 16:39pm StockMarketWire.com - The FTSE 100 saw a modest decline on Tuesday after trading broadly flat for much of the day as strength in sterling weighed on the overseas earnings dominated index. By the close it was down 0.3% at 7,029.79. In the US the S&P 500 was also a bit lower, slipping 0..2% to 4,188.64 by 4.30pm UK time. Industrial software group Aveva rallied 1.6% to £33.28 even as it reported a 63% slump in annual profit after the pandemic hits sales in the first half. Aveva nevertheless upped its dividend by 1% to 23.5p per share, citing a second-half sales recovery th...