Edition:
United Kingdom

Derwent London PLC (DLN.L)

DLN.L on London Stock Exchange

2,937.00GBp
5:01pm BST
Change (% chg)

0.00 (+0.00%)
Prev Close
2,937.00
Open
2,930.00
Day's High
2,950.00
Day's Low
2,924.00
Volume
454,261
Avg. Vol
230,119
52-wk High
3,241.00
52-wk Low
2,608.00

Latest Key Developments (Source: Significant Developments)

Derwent London Says HY Net Rental Income 80.6 Mln Pounds Vs 79.3 Mln Pounds
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Derwent London PLC ::INTERIM DIVIDEND UP 10.2 PERCENT TO 19.1 PENCEPER SHARE.HY EPRA EARNINGS 66.9P PER SHARE FROM 45.4P IN H1 2017.HY NEW LETTINGS TOTALLING £8.4M, 8.2PCT ABOVE DECEMBER 2017 ESTIMATED RENTAL VALUE (ERV).HY NET RENTAL INCOME £80.6 MILLION FROM £79.3 MILLION IN H1 2017.HY INTERIM DIVIDEND RAISED 10.2PCT TO 19.10P PER SHARE FROM 17.33P IN 2017.HY EPRA NAV 3,713P PER SHARE FROM 3,716P IN DECEMBER 2017.EXPECTS TO INCUR A FURTHER £206M OF CAPITAL EXPENDITURE TO ACHIEVE £70.5M OF ADDITIONAL RENT.ERV GUIDANCE FOR 2018 IMPROVED TO +2PCT TO -1PCT FROM +2PCT TO -3PCT IN FEBRUARY 2018.EXPECT MARKET OVERALL TO BENEFIT FROM OPENING OF ELIZABETH LINE FROM END OF 2018 WITH WHOLE LINE TO BE OPERATIONAL BY END OF 2019.  Full Article

Derwent London Plc gets 2.4 mln stg of rents in Q1
Thursday, 10 May 2018 

May 10 (Reuters) - Derwent London PLC ::DERWENT LONDON PLC - OCCUPIER INTEREST REMAINS GOOD IN Q1 WITH 164,500 SQ FT OF LETTINGS SIGNED OR UNDER OFFER.DERWENT LONDON PLC - 51,500 SQ FT NEW LETTINGS ACHIEVING £2.4M OF RENTS, 4.9% ABOVE DECEMBER 2017 ERV.DERWENT LONDON PLC - CAPITAL EXPENDITURE AND PROPERTIES ACQUIRED IN FIRST THREE MONTHS OF 2018 TOTALLED £53.1M.DERWENT LONDON PLC - CENTRAL LONDON OFFICE VALUES REMAIN FIRM..  Full Article

Derwent London says ‍City of Westminster grants planning permission on two projects ​
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Derwent London Plc ::‍CITY OF WESTMINSTER HAS RESOLVED TO GRANT PLANNING PERMISSION ON TWO PROJECTS TOTALLING 443,000 SQ FT​.DERWENT LONDON - ‍FIRST PROJECT IS A MIXED-USE DEVELOPMENT AT 19-35 BAKER STREET W1, SECOND PROJECT FOR A RETAIL-LED PROJECT AT HOLDEN HOUSE, OXFORD STREET W1​.  Full Article

Derwent London Plc says year-to-date ‍on average new lettings have been 1.3% above Dec 2016 ERV​
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Derwent London Plc :Year-To-Date ‍on average new lettings have been 1.3% above December 2016 ERV​.In 2017 to date have let or pre-let 674,800 sq ft achieving £41.2m pa of rent​.Proforma LTV adjusting for disposals since september 2017 is 12.7%​.‍At 30 Sept 2017 cash and undrawn facilities were £422m and LTV was 15.3%​.Good occupier and investment demand means that 2017 will be a record year for Derwent London's lettings and investment disposals.  Full Article

Derwent London secures further major pre-lets at 80 Charlotte Street
Monday, 11 Sep 2017 

Sept 11 (Reuters) - DERWENT LONDON PLC ::DERWENT LONDON SECURES FURTHER MAJOR PRE-LETS.BCG WILL TAKE TOP 5 TH TO 8 TH FLOORS COMPRISING 123,500 SQ FT ON A FIFTEEN-YEAR LEASE WITH FIVE-YEAR RENT REVIEWS AND AN OPTION TO BREAK AFTER TWELVE YEARS SUBJECT TO A PENALTY.INITIAL RENT IS 10.6 MLN STG PER ANNUM, SLIGHTLY ABOVE ERV.  Full Article

Ex-divs to take 0.26 points off FTSE 100 on Sept 13

LONDON, Sept 11 The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-makers would take 0.26 points off the index. COMPANY (RIC) DIVIDEND STOCK OPTION IMPACT (pence) Melrose 1.55