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United Kingdom

Grainger PLC (GRI.L)

GRI.L on London Stock Exchange

247.00GBp
24 May 2019
Change (% chg)

0.20 (+0.08%)
Prev Close
246.80
Open
248.40
Day's High
248.60
Day's Low
245.80
Volume
759,486
Avg. Vol
1,142,247
52-wk High
292.66
52-wk Low
204.00

Latest Key Developments (Source: Significant Developments)

Grainger Selected By Transport For London As Preferred Bidder For Strategic Partnership
Monday, 1 Apr 2019 

April 1 (Reuters) - Grainger PLC ::BEEN SELECTED BY TRANSPORT FOR LONDON AS ITS PREFERRED BIDDER FOR A STRATEGIC PARTNERSHIP.TFL AND GRAINGER WILL DELIVER OVER 3,000 NEW HOMES ACROSS EIGHT SEED SITES IN LONDON.PARTNERSHIP IS A JOINT VENTURE STRUCTURE OF 49:51 (TFL:GRAINGER).  Full Article

Grainger Says Co Remains Confident On Outlook For Year Ahead
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Grainger PLC ::TRADING UPDATE.UPDATE ON TRADING FOR FIRST FOUR MONTHS OF ITS FINANCIAL YEAR TO END OF JANUARY 2019.STRONG SALES PERFORMANCE AT END OF LAST YEAR REDUCED VACANT EX REGULATED PROPERTIES AVAILABLE FOR SALE.PRICING IS STEADY AND VOLUMES HAVE SLOWED SLIGHTLY, REMAIN CONFIDENT THAT WILL ACHIEVE FULL YEAR EXPECTATIONS.3.7 PCT OVERALL LIKE-FOR-LIKE RENTAL GROWTH YEAR TO DATE.RESIDENTIAL SALES FOR FIRST FOUR MONTHS PERFORMED IN LINE WITH PRIOR YEAR AND EXPECTED H1:H2, 40:60 SPLIT.REMAIN CONFIDENT ON OUTLOOK FOR YEAR AHEAD.  Full Article

Grainger Announces Results Of Rights Issue
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - Grainger PLC ::RESULTS OF RIGHTS ISSUE.FULLY UNDERWRITTEN 7 FOR 15 RIGHTS ISSUE OF 194.8 MILLION NEW SHARES AT 178.0 PENCE PER NEW SHARE CLOSED FOR ACCEPTANCES ON DEC 17.RECEIVED ACCEPTANCES OF 186.9 MILLION NEW SHARES, REPRESENTING ABOUT 95.95 PERCENT OF NUMBER OF NEW SHARES OFFERED PURSUANT TO RIGHTS ISSUE.  Full Article

Grainger Acquires 108 PRS Build To Rent Homes In Tottenham
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Grainger PLC ::GRAINGER PLC - ACQUISITION.GRAINGER PLC - PROPOSED DEAL FOR FOR C.£41M.GRAINGER PLC - GRAINGER AGREES TO FORWARD FUND AND ACQUIRE 108 PRS BUILD TO RENT HOMES IN TOTTENHAM HALE, LONDON FOR C.£41M.GRAINGER PLC - EXPECTS THIS INVESTMENT TO GENERATE A GROSS YIELD ON COST OF BETWEEN 5.5-6% ONCE STABILISED, WITH COMPLETION ANTICIPATED IN EARLY 2021.  Full Article

Lewisham Council And Grainger Launch Joint Venture For PRS Development In New Cross Gate
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Grainger PLC ::LEWISHAM COUNCIL AND GRAINGER PLC JOINT VENTURE.PARTNERSHIP TO DELIVER UP TO 300 NEW PURPOSE-BUILT PRIVATE RENTED SECTOR HOMES AT BESSON STREET IN NEW CROSS GATE.PARTNERSHIP INCLUDES CREATION OF A NEW 50/50 JOINT VENTURE COMPANY, LEWISHAM GRAINGER HOLDINGS LLP.LEWISHAM COUNCIL AND CO TO NOW MOVE ONTO NEXT PHASE OF PROJECT, WITH PLANNING SUBMISSION EXPECTED IN 2019.  Full Article

Grainger FY Like-For-Like Rental Growth Of 4 Pct
Friday, 28 Sep 2018 

Sept 28 (Reuters) - Grainger PLC ::TRADING UPDATE.4.0% OVERALL LIKE-FOR-LIKE RENTAL GROWTH YEAR TO DATE (SEPTEMBER 2017: 3.7%).PRS INVESTMENT PIPELINE NOW STANDS AT £817M SECURED.GOOD VISIBILITY OVER FURTHER £287M OF INVESTMENT OPPORTUNITIES WHICH ARE IN ADVANCED STAGES OF PLANNING OR LEGAL NEGOTIATIONS.  Full Article

Grainger Appoints David Prescott As Director Of Strategy & Corporate Finance
Tuesday, 3 Jul 2018 

July 3 (Reuters) - Grainger Plc ::APPOINTED DAVID PRESCOTT AS DIRECTOR OF STRATEGY AND CORPORATE FINANCE.  Full Article

Grainger Says HY Pretax Profit Up 23 Pct To 50.6 Mln Pounds
Thursday, 17 May 2018 

May 17 (Reuters) - Grainger PLC ::INTERIM DIVIDEND UP 9 PERCENT TO 1.74 PENCEPER SHARE.SAYS HY NET RENTAL INCOME UP 9 PERCENT TO 21.8 MILLION STG.SAYS HY PROFIT BEFORE TAX INCREASED 23 PERCENT TO 50.6 MILLION STG.SAYS INTERIM DIVIDEND PER SHARE UP 9 PERCENT TO 1.74P PER SHARE.SAYS HY 4.1 PERCENT LIKE-FOR-LIKE RENTAL GROWTH ACROSS ENTIRE PORTFOLIO.EXPECT TO DELIVER A GOOD PERFORMANCE IN SECOND HALF OF YEAR AND A POSITIVE OVERALL RESULT.SAYS EPRA NNNAV 6 UP 1 PERCENT SINCE YEAR END TO 306P PER SHARE AFTER RETURNING 13.6 MILLION STG TO SHAREHOLDERS IN PERIOD.4.1% LIKE-FOR-LIKE RENTAL GROWTH ACROSS ENTIRE PORTFOLIO FOR HY.9% INCREASE IN NET RENTAL INCOME TO £21.8M FOR HY.  Full Article

Grainger Exits Walworth Joint Venture
Wednesday, 2 May 2018 

May 2 (Reuters) - Grainger PLC ::GRAINGER EXITS WALWORTH JOINT VENTURE.GRAINGER PLC - ANNOUNCES THAT IT HAS SOLD ITS 50% INTEREST IN WALWORTH INVESTMENT PROPERTY JV TO ITS PARTNER, DORRINGTON PLC FOR £67M MILLION.GRAINGER PLC - TRANSACTION IS EXPECTED TO BE MARGINALLY ACCRETIVE TO GRAINGER'S EPRA NNNAV.  Full Article

Grainger says FY pre-tax profit up 2 pct
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - GRAINGER PLC ::FINAL DIVIDEND 3.26 PENCEPER SHARE.TOTAL DIVIDEND 4.86 PENCEPER SHARE.‍FY NET RENTAL INCOME UP 8% TO £40.4M VERSUS £37.4M MILLION YEAR AGO.FY ‍PROFIT BEFORE TAX UP 2% TO £86.3M VERSUS £84.2M YEAR AGO​.‍FY EPRA NNNAV UP 5.6% TO 303P VERSUS 287P YEAR AGO​.  Full Article

UPDATE 1-UK Stocks-Factors to watch on May 16

May 16 Britain's FTSE 100 index is expected to open 32 points lower at 7,265 on Thursday, according to financial bookmakers, with futures down 0.08% ahead of the cash market open.