Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

FTSE 250 movers: Helios Towers up as losses narrow; Serco cashes in on immigration spending

Published 03/08/2023, 16:29
© Reuters.  FTSE 250 movers: Helios Towers up as losses narrow; Serco cashes in on immigration spending

Sharecast - It also upgraded cash profit and portfolio free cash guidance by 1%. Pre-tax losses in the six months to June 30 narrowed to $39.4m from $122.2m a year ago.

Tritax Big Box REIT announced the sale of an investment asset let to Howdens.

The £84.3m sale to the institutional real estate investor was in line with its December 2022 and June 2023 valuations for a net initial yield of 4.0%.

"The disposal, which was in line with the book value at both December 2022 and June 2023, demonstrates the attractiveness of our assets and our ability to fully realise their value," said Colin Godfrey, Tritax's chief executive officer.

"The sale to a leading institutional investor in real estate provides further evidence of growing stabilisation within the UK investment market and the strong fundamentals of the sector."

The 659,000 square foot logistics building at Raunds was one of three developed and built for Howdens Joinery.

It had an unexpired lease term at exchange of roughly 23 years.

Outsourcing giant Serco gained as profits were boosted by £804m worth of immigration and justice spending by governments around the world in the first half of the year.

Group's underlying operating profit rose 9% to £148m in the six months to 30 June. Total revenues climbed 11% to nearly £2.5bn.

FTSE 250 (MCX) 18,828.69 0.08%

FTSE 250 - Risers

Helios Towers Plc (LON:HTWS) (HTWS) 89.90p 7.02%

OSB Group PLC (LON:OSBO) (OSB) 373.40p 4.48%

Pantheon International (LON:PANI)(PIN) 269.50p 4.46%

Vanquis Banking Group PLC (LON:VANQ) (VANQ) 128.80p 4.38%

Tritax Big Box Reit (LON:BBOXT) (BBOX) 140.40p 3.69%

Primary Health Properties (LON:PHP) (PHP) 95.55p 2.69%

Shaftesbury Capital (SHC) 119.60p 2.57%

Harbour Energy (LON:HBR) 257.20p 2.43%

Serco Group (LON:SRP) 158.70p 2.26%

Spirent Communications (LON:SPT) 155.40p 2.17%

FTSE 250 - Fallers

Jupiter Fund Management (LON:JUP) (JUP) 107.00p -4.12%

Moneysupermarket.com Group (LON:MONY) 256.00p -4.05%

Aston Martin Lagonda Global Holdings PLC (LON:AML) (AML) 361.00p -3.99%

Mobico Group PLC (LON:MCG) (MCG) 86.75p -3.18%

Telecom Plus (LON:TEP) 1,606.00p -3.02%

TUI (LON:TUIT) AG Reg Shs (DI) (TUI) 584.00p -2.83%

Bank of Georgia Group (LON:BGEO) 3,100.00p -2.67%

Tyman (LON:TYMN) (TYMN) 303.00p -2.42%

Ferrexpo (LON:FXPO) 84.85p -2.30%

Drax Group (LON:DRX) 572.20p -2.22%

Read more on Sharecast.com

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.