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United Kingdom

Empiric Student Property PLC (ESP.L)

ESP.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Empiric Student Property Confirms FY Performance On Track
Tuesday, 9 Jul 2019 

July 9 (Reuters) - Empiric Student Property PLC ::TRADING UPDATE AND NOTICE OF HALF YEAR RESULTS.CONFIRM THAT COMPANY REMAINS ON TRACK FOR FY2019.  Full Article

Empiric Student Property Sees 2019 Gross Margin Of 67 Pct, 5 Pence Div
Wednesday, 20 Mar 2019 

March 20 (Reuters) - Empiric Student Property PLC ::FY REVENUE INCREASED 25% TO £64.2 MILLION (2017: £51.2 MILLION).FY GROSS MARGIN INCREASED TO 62% (2017: 57%).PROFIT FOR YEAR INCREASED BY 94% TO £40.3 MILLION.IN FY DIVIDENDS DECLARED IN RELATION TO 2018 TOTALLED 5.0 PENCE PER SHARE, AND IN LINE WITH TARGET.IN FY CURRENT OCCUPANCY OF 96% (2017: 92%), BENEFITING FROM A RIGOROUS FOCUS ON DRIVING REVENUE, ALTHOUGH BELOW TARGET OF 97%.EXPECT 2019 TO BE A YEAR OF FURTHER SIGNIFICANT PROGRESS.IN 2019, TARGETING A GROSS MARGIN OF 67% AND A DIVIDEND OF 5P PER SHARE."WHILE THERE ARE ECONOMIC AND POLITICAL UNCERTAINTIES, PARTICULARLY REGARDING BREXIT, YET TO SEE MATERIAL ADVERSE CONSEQUENCES".  Full Article

Empiric Student Property Remains On Track To Meet FY Dividend Target Of 5.0 Pence Per Share
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Empiric Student Property PLC ::EMPIRIC STUDENT PROPERTY PLC - REMAINS ON TRACK TO MEET ITS AGGREGATE DIVIDEND TARGET OF 5.0 PENCE PER SHARE FOR YEAR ENDED 31 DECEMBER 2018.EMPIRIC STUDENT PROPERTY PLC - EXPECTS FY GROSS MARGIN ABOVE 61%, FY ADMINISTRATION COSTS BELOW £10 MILLION.EMPIRIC STUDENT PROPERTY - LFL PROPERTY PORTFOLIO VALUATION INCREASE BETWEEN 31 DECEMBER 2017 AND 31 DECEMBER 2018 SEEN IN EXCESS OF 4.5%..  Full Article

Empiric Student Prop Appoints Tim Attlee As CEO
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Empiric Student Property PLC ::EMPIRIC STUDENT PROP - APPOINTMENT OF CEO.EMPIRIC STUDENT PROPERTY PLC - APPOINTMENT OF TIM ATTLEE AS COMPANY'S CHIEF EXECUTIVE OFFICER, EFFECTIVE IMMEDIATELY..EMPIRIC STUDENT PROPERTY - TIM WAS APPOINTED ACTING CHIEF EXECUTIVE OFFICER IN ADDITION TO HIS ROLE AS CHIEF INVESTMENT OFFICER ON 12 DECEMBER 2017..  Full Article

Empiric Student Property FY Bookings Reach 96%
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - Empiric Student Property PLC ::BOOKINGS FOR 2018/19 ACADEMIC YEAR HAVE REACHED 96% AS AT 3 OCTOBER 2018.  Full Article

Empiric Student Property Says Co On Track To Meet Principal Objectives For 2018
Tuesday, 21 Aug 2018 

Aug 21 (Reuters) - Empiric Student Property PLC ::HY DIVIDENDS DECLARED OF 2.5 PENCE PER SHARE.HY ADMINISTRATION EXPENSES REDUCED TO £4.9 MILLION (H1 2017: £7.6 MILLION), ON TRACK TO MEET FULL-YEAR TARGET OF £10 MILLION.HY GROSS MARGIN OF 62.3PCT (H1 2017: 60.4PCT).MARK PAIN APPOINTED AS NON-EXECUTIVE CHAIRMAN WITH EFFECT FROM 1 SEPTEMBER 2018.ON TRACK TO MEET OUR PRINCIPAL OBJECTIVES FOR 2018 FINANCIAL YEAR..DIVIDEND TARGET FOR 2018 IS 5.0 PENCE PER SHARE.EXPECT 2019 DIVIDEND TO BE FULLY COVERED BY ADJUSTED EARNINGS.UNCERTAINTY SURROUNDING OUTCOME OF BREXIT NEGOTIATIONS ARE OF CONCERN, BUT FULL CONSEQUENCES WILL NOT BE CLEAR FOR SOME TIME.HY PROFIT BEFORE TAX WAS £21.7 MILLION (H1 2017: £14.5 MILLION).  Full Article

Empiric Student Property Says Lynne Fennah Appointed CFO and COO
Thursday, 5 Jul 2018 

July 5 (Reuters) - Empiric Student Property PLC ::EMPIRIC STUDENT PROPERTY PLC - BOOKINGS FOR 2018/19 ACADEMIC YEAR ARE CONTINUING TO PROGRESS WELL AND ARE CURRENTLY AT 76%.EMPIRIC STUDENT PROPERTY PLC - LYNNE FENNAH HAS BEEN APPOINTED TO DUAL ROLES OF CHIEF OPERATING OFFICER AND CHIEF FINANCIAL OFFICER.EMPIRIC STUDENT PROPERTY PLC - TIM ATTLEE REMAINS ACTING CHIEF EXECUTIVE OFFICER AND CHIEF INVESTMENT OFFICER OF COMPANY.  Full Article

Empiric Student Property Says Declared Dividend Of 1.25 Pence for Quarter Ended March 31
Wednesday, 23 May 2018 

May 23 (Reuters) - Empiric Student Property PLC ::SAYS DECLARED A DIVIDEND OF 1.25 PENCE PER ORDINARY SHARE IN RESPECT OF QUARTER ENDED 31 MARCH.SAYS BOARD IS TARGETING A DIVIDEND OF 5 PENCE PER SHARE FOR YEAR TO 31 DECEMBER 2018.  Full Article

Empiric Student Announces Board Changes
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Empiric Student Property Plc ::EMPIRIC STUDENT PROPERTY PLC - ANNOUNCES PAUL HADAWAY, CO'S CHIEF EXECUTIVE OFFICER, HAS RECEIVED NOTICE TO TERMINATE HIS EMPLOYMENT WITH COMPANY.EMPIRIC STUDENT PROPERTY PLC - HADAWAY HAS CEASED TO BE A DIRECTOR OF COMPANY WITH IMMEDIATE EFFECT.EMPIRIC STUDENT PROPERTY PLC - TIM ATTLEE, CO-FOUNDER AND CHIEF INVESTMENT OFFICER, HAS AGREED TO ASSUME ADDITIONAL ROLE OF ACTING CHIEF EXECUTIVE.  Full Article

Empiric Student Property says ‍new revolving credit facility for 70 mln stg
Monday, 20 Nov 2017 

Nov 20 (Reuters) - EMPIRIC STUDENT PROPERTY PLC ::‍NEW REVOLVING CREDIT FACILITY FOR 70 MILLION​ STG.‍NEW REVOLVING CREDIT FACILITY OF 70 MILLION STG WITH LLOYDS BANK COMMERCIAL BANKING​.EMPIRIC STUDENT PROPERTY - ‍FACILITY IS SECURED AGAINST A PORTFOLIO OF OPERATING ASSETS, HELD AS A LENDING GROUP, THROUGH A WHOLLY OWNED GROUP SUBSIDIARY​.‍FACILITY CAN BE USED FOR GENERAL CORPORATE PURPOSES INCLUDING FINANCING OF PURCHASE OF PROPERTIES.  Full Article

UK Stocks-Factors to watch on March 20

March 20 Britain's FTSE 100 index is seen opening 37 points lower at 7,288 on Wednesday, according to financial bookmakers. * AERIS, GLENCORE: Australian copper producer Aeris Resources Ltd said on Wednesday it has offered to buy the CSA copper mine in New South Wales state from global trader and miner Glencore for $575 million. * INMARSAT: Inmarsat Plc said on Tuesday it has received a cash takeover offer from a private equity-led consortium, a deal that would va