Edition:
United Kingdom

Unite Group PLC (UTG.L)

UTG.L on London Stock Exchange

861.00GBp
3:26pm BST
Change (% chg)

-0.50 (-0.06%)
Prev Close
861.50
Open
866.00
Day's High
870.50
Day's Low
861.00
Volume
289,710
Avg. Vol
586,570
52-wk High
919.50
52-wk Low
689.00

Latest Key Developments (Source: Significant Developments)

Unite Group FY EBIT Margin Expected To Be Around 70 Pct
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - Unite Group PLC ::UNITE GROUP PLC - 98% LET ACROSS OUR PORTFOLIO FOR 2018/19 ACADEMIC YEAR, FULL YEAR RENTAL GROWTH IN LINE WITH OUR 3.0-3.5% TARGET.UNITE GROUP PLC - ON TRACK TO DELIVER FULL YEAR EFFICIENCY TARGETS OF 75% NOI MARGIN AND 25-30BPS OVERHEAD EFFICIENCY.UNITE GROUP PLC - FULL YEAR EBIT MARGIN EXPECTED TO BE AROUND 70% (2017: 68%) AND NEW TARGET ESTABLISHED AT 74% BY 2021.  Full Article

Unite Group Prices 275 Mln Stg Senior Unsecured Bond
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - Unite Group PLC ::PRICING OF DEBUT, STERLING-DENOMINATED SENIOR UNSECURED BOND OF £275 MILLION AND FOR A TERM OF 10 YEARS.BOND WILL BEAR INTEREST AT A RATE OF 3.5 PER CENT PER ANNUM..FOLLOWING ISSUANCE OF BOND, CO'S WEIGHTED AVERAGE DEBT MATURITY WILL INCREASE FROM 4.6 YEARS TO 5.8 YEARS.  Full Article

Unite Students To Sell 14 Properties for 180.5 Mln Stg
Monday, 10 Sep 2018 

Sept 10 (Reuters) - Unite Students::UNCONDITIONAL EXCHANGE OF CONTRACTS FOR DISPOSAL OF 14 PROPERTIES, COMPRISING 3,436 BEDS FOR £180.5 MILLION.14 PROPERTIES ARE BEING SOLD TO SINGAPORE PRESS HOLDINGS AND COMPLETION IS DUE LATER IN SEPTEMBER.  Full Article

Unite Group Posts HY Pretax Profit of 142.5 Mln Pounds
Tuesday, 24 Jul 2018 

July 24 (Reuters) - Unite Group PLC ::HY PROFIT BEFORE TAX £142.5 MILLION VERSUS £83.9M MILLION.HY EPRA NAV PER SHARE 761 PENCE.ON TRACK TO DELIVER EXPECTED EARNINGS AND DIVIDEND GROWTH FOR FULL YEAR.  Full Article

Unite Group Says Richard Simpson Steps Down To Take Up CEO Position At Watkin Jones
Friday, 18 May 2018 

May 18 (Reuters) - Unite Group PLC ::RICHARD SIMPSON WILL BE STEPPING DOWN FROM HIS ROLE WITH IMMEDIATE EFFECT.RICHARD HAS DECIDED TO TAKE UP ROLE AS CEO OF WATKIN JONES PLC..  Full Article

Unite Group Extends University Partnerships With Oxford Acquisition​
Friday, 8 Dec 2017 

Dec 8 (Reuters) - UNITE GROUP PLC ::‍UNITE EXTENDS UNIVERSITY PARTNERSHIPS WITH OXFORD ACQUISITION​.AGREED COMMERCIAL TERMS WITH OXFORD BROOKES UNIVERSITY FOR 25-YEAR NOMINATIONS AGREEMENT COVERING SITE, WHICH WILL EXTEND ITS PARTNERSHIP WITH UNITE TO 1,350 BEDS​.‍NEW DEVELOPMENT IS EXPECTED TO PROVIDE 885 NEW BEDS AND WILL BE DELIVERED FOR 2019/20 ACADEMIC YEAR ​.TOTAL DEVELOPMENT COSTS EXPECTED TO BE AROUND £75 MILLION.  Full Article

Unite Group secures 500 mln debt facility
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - Unite Group Plc ::‍SECURED INVESTMENT GRADE CREDIT RATING AND ARRANGED A NEW FIVE YEAR UNSECURED DEBT FACILITY​.UNITE GROUP - ‍NEW £500 MILLION UNSECURED DEBT FACILITY PROVIDES ADDITIONAL FINANCING HEADROOM FOR DEVELOPMENT PIPELINE AND GREATER FINANCIAL FLEXIBILITY​.‍NEW FACILITIES WILL INCREASE DEBT MATURITY BY 12 MONTHS, AND WITH AN INITIAL MARGIN OF 145BP​.‍SYNDICATE FOR NEW FACILITIES CONSISTS OF HSBC BANK PLC AND ROYAL BANK OF SCOTLAND PLC​.  Full Article

Unite Group says USAF acquires 437-bed property in Sheffield for 35.5 mln stg
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Unite Group Plc ::UNITE GROUP PLC - ‍UNITE STUDENTS ACCOMMODATION FUND (USAF) ACQUIRES 437-BED PROPERTY IN SHEFFIELD FOR £35.5 MILLION​.  Full Article

Unite Group acquires two properties under development
Thursday, 25 May 2017 

May 25 (Reuters) - Unite Group Plc ::Acquisitions and disposal.Announces acquisition of two properties under development and disposal of a studio scheme.Combined cost of developments is £56 million, unite share £12.9 million.Acquisitions are expected to generate a yield on cost of 6.3% in their first full year of operation.  Full Article

Unite Group posts FY adjusted EPRA earnings up 24 pct to £61.3 mln
Wednesday, 22 Feb 2017 

Unite Group PLC : FY adjusted EPRA earnings up 24 pct to £61.3 million or 27.7p (2015: £49.5 million, 23.1p) . FY profit before tax £201.4 million (2015: £388.4 million) . FY final dividend declared up 26% to 12.0p (2015: 9.5p). . Full year dividend of 18.0p (2015: 15.0p) . Like-For-Like rental growth of 3.8% for full year (2015: 3.8%) . Reservations for 17/18 academic year at 75%, a record level for this time of year (2015: 67%) .Brexit not expected to significantly impact student numbers and supports strategy to focus on relationships with high to mid- ranked universities.  Full Article

UK Stocks-Factors to watch on Oct 9

Oct 9 - Britain's FTSE 100 index is seen opening 15 points higher at 7,249 on Tuesday, according to financial bookmakers. * WPP: Ford Motor Co has chosen Omnicom's BBDO as its lead creative advertising agency in a blow to its long-time partner WPP. * TESCO: Two former senior executives of Tesco abused their positions to encourage practices that resulted in a 250 million pounds ($327 million) overstatement of expected profits and misled the stock market, a prosecutor told a London c