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Unite Group Issues Clarification Regarding Covid Corporate Financing Facility
Unite Group Sees 16%-20% Income Drop For 2019/20 Academic Year
Unite Group Says At 31 March, USAF'S Property Portfolio Independently Valued At 2.79 Bln Stg
The Unite Group plc is a United Kingdom-based developer and operator of student accommodation. The Company provides a home for over 50,000 students in approximately 140 properties in over 28 of England and Scotland’s University towns and cities. It operates through two segments: Operations and Property. The Operations segment is responsible for the Company's approximately 140 properties, including those owned by its co-investment vehicles. The Property segment is responsible for its development and asset management strategy, and oversees its two co-investment vehicles. The Company rents its rooms both directly to students and to approximately 60 Universities across the United Kingdom. Its properties provide accommodation close to University campuses, transport and local amenities. It offers study bedroom, insurance, round the clock security, cleaning services and Wireless-Fidelity throughout its buildings. It also operates and runs approximately three funds and joint ventures.
Real Estate Operations
The Core, 40 St. Thomas Street
Phil M. White
Independent Non-Executive Chairman of the Board
Richard S. Smith
Chief Executive Officer, Executive Director
Joe J. Lister
Chief Financial Officer, Executive Director
Chief Customer Officer
Group Property Director
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* UNITE GROUP - BEEN CONFIRMED AS AN ELIGIBLE ISSUER IN PRINCIPLE ONLY FOR HM TREASURY AND BANK OF ENGLAND COVID CORPORATE FINANCING FACILITY
Unite Group Plc <UTG.L> said on Wednesday it would see around 16-20% reduction in income for this academic year, as it plans to forgo rent on 43,000-46,000 beds for the summer semester due to the closure of universities and students giving up their accommodation due to the...
Unite Group said on Wednesday it would see a reduction in income for this academic year of around 16-20% as it plans to forgo rent on 43,000-46,000 beds for the summer semester due to the closure of universities and students giving up their accommodation in the coronavirus...
British Airways <ICAG.L> has reached an agreement with the Unite union to furlough staff on 80% of pay without any cap on earnings and without anyone being made redundant, the union said on Thursday.
Unite Group said on Wednesday it will provide accommodation at no extra charge over the summer months for international students, as virus-related lockdowns keep them from going home.
* UNITE GROUP PLC - WILL OFFER TO FORGO RENT FOR STUDENTS WHO CHOOSE TO RETURN HOME FOR REMAINDER OF 2019/20 ACADEMIC YEAR
Unite Group, which owns and manages student accommodation in the UK, said on Monday it would scale back its summer business programme due to the coronavirus outbreak, but added it had not seen any significant impact on its sales.
British carmaker Jaguar Land Rover (JLR) will cut over 10% of the workforce at its northern English Halewood factory due to slower than expected growth of two models, the Unite Union said on Wednesday.
Japanese carmaker Nissan has ended night shifts at its plant in Sunderland, northern England, the Unite union said on Wednesday.
* ANTICIPATED ACQUISITION BY UNITE GROUP PLC OF LIBERTY LIVING GROUP
Britain's Unite Group <UTG.L> said on Thursday it was in advanced talks to buy fellow student accommodation firm Liberty Living from Canada Pension Plan Investment Board (CPPIB).
Britain's Unite Group said on Thursday it was in advanced talks to buy fellow student accommodation firm Liberty Living from Canada Pension Plan Investment Board.
* SAYS ANNOUNCES UNITE UK STUDENT ACCOMMODATION FUND ('USAF') HAS SUCCESSFULLY RAISED £250 MILLION OF NEW EQUITY FROM EXTERNAL INVESTORS
U.S. carmaker Ford <F.N> plans to cut 1,150 jobs in Britain, the Unite union said on Friday, with nearly 1,000 job losses at its Bridgend engine plant in Wales.
Oil workers accepted an improved pay offer by the Offshore Contractors Association to 2,500 union members, the Unite union said, a move which removes the threat of strike in the British North Sea which is home to the Brent crude benchmark.
* The Unite union in Scotland on Tuesday welcomed a decision by Shell to move to two weeks offshore and three weeks onshore schedules for workers in the British North Sea
Workers at three of French oil company Total's <TOTF.PA> North Sea oil and gas platforms will go ahead with a 24-hour strike on Monday despite holding talks with the company on Thursday in a dispute over pay and conditions, the Unite union said.
A 24-hour strike at three of Total's <TOTF.PA> British offshore oil and gas platforms started at 0500 GMT on Monday, as planned, a union representative from Unite said.
A 12-hour strike by 45 workers that shut down production at three of Total's <TOTF.PA> British offshore oil platforms ended as planned at midnight, a spokesman for Unite said on Tuesday.
Britain's biggest labor union said on Tuesday it has launched legal action against Carillion on behalf of former workers of the company whose jobs were made redundant following the collapse of the British outsourcer in January.
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