Market Pulse
Redefine posts impressive earnings growth
Income-focused real estate investment trust Redefine International posted impressive earnings growth in its interim results on Tuesday, along with a modest increase in its portfolio value.
LondonMetric acquires £16m of assets
LondonMetric Property has acquired two convenience assets in Matlock and Leicester and a development site in Ipswich for £16. 2m, reflecting a net initial yield of 7. 0%.
British American Tobacco increases cigarette volumes, market share
British American Tobacco reported more smokers puffing on its products on Monday, with increased volumes and market share in the first quarter of 2016.
Earnings and debt up significantly at Whitbread
Hospitality group Whitbread reported sizeable increases in revenue and earnings in its preliminary results on Tuesday, with total revenue up 12% to £2. 91bn, and underlying profit before tax up 11. 9% to £546. 3m.
London pre-open: Stocks seen touch higher as oil recovers
London stocks were expected to open a little higher on Tuesday as oil prices recovered.
Tuesday newspaper round-up: BHS pensions, housing costs, small businesses
The UK pensions regulator is investigating events around the collapse of BHS after the retail chain fell into administration after 88 years on the high street, putting 11,000 jobs at risk. After the UK’s biggest retail failure since Woolworths folded in 2008, the regulator confirmed it was carrying out a probe of whether Sir Philip Green, the former owner of the BHS, should be forced to inject more funds into the retailer’s pension scheme to plug a half a billion pound deficit.