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UNITE Group plc

UTG.L

Latest Trade

1,150.00GBp

Change

-4.00(-0.35%)

Volume

857,295

Today's Range

1,144.00

 - 

1,167.00

52 Week Range

793.00

 - 

1,180.00

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Unite Group Announces New University Partnership With University Of Leeds

Oct 9 (Reuters) - Unite Group PLC <UTG.L>::UNITE GROUP PLC ANNOUNCES NEW UNIVERSITY PARTNERSHIP WITH UNIVERSITY OF LEEDS.UNITE GROUP PLC - AGREEMENT COVERS 559 OF 976 BEDS IN DEVELOPMENT, WHICH WILL OPEN IN TIME FOR 2020/21 ACADEMIC YEAR.

Unite Group Sells Two Properties In Coventry For 96 Mln Stg

Oct 7 (Reuters) - Unite Group PLC <UTG.L>::UNITE DISPOSES OF TWO ASSETS FOR £96 MILLION.ANNOUNCES DISPOSAL OF TWO WHOLLY OWNED PROPERTIES IN COVENTRY, COMPRISING 1,127 BEDS FOR £96 MILLION.PROPERTIES ARE BEING SOLD TO MAPLETREE INVESTMENTS PTE LTD AND HAVE BOTH NOW EXCHANGED AND COMPLETED.PURCHASE PRICE OF 2 ASSETS IS IN LINE WITH BOOK VALUE.INTEND TO DISPOSE OF APPROXIMATELY £150-200 MILLION OF ASSETS PER ANNUM OVER NEXT THREE YEARS.

Unite Group Disposes Two Assets For 100 Mln Stg To USAF

Sept 25 (Reuters) - Unite Group PLC <UTG.L>::DISPOSAL OF TWO ASSETS FOR £100 MILLION TO USAF.USAF ANNOUNCES LAUNCH AND PRICING OF £85 MILLION OF BONDS ISSUED UNDER EXISTING DEBT FUNDING PLATFORM.USAF ANNOUNCES LAUNCH AND PRICING OF £85 MILLION OF BONDS ISSUED UNDER EXISTING DEBT FUNDING PLATFORM, 3.921% BOND DUE JUNE 2025.3.921% BOND IS DUE JUNE 2025.PLANNED DISPOSALS WILL FUND DEVELOPMENT ACTIVITY AND SUPPORT TARGET TO REDUCE LTV TO 35% BY 2021.

Unite Group Sees 3%-3.5% Rental Growth In 2019-20, 2020-21

Sept 11 (Reuters) - Unite Group PLC <UTG.L>::TRADING UPDATE AND CMA UPDATE.STUDENT INTAKE IN 2019/20 IS EXPECTED TO BE IN LINE WITH LEVELS SEEN OVER PAST FEW YEARS.REMAIN CONFIDENT IN DELIVERING RENTAL GROWTH OF 3.0-3.5% FOR 2019/20 AND 2020/21, INCLUDING IMPROVED UTILISATION.CMA HAS TODAY CONFIRMED START OF ITS PHASE 1 MERGER INQUIRY IN RELATION TO UNITE'S PROPOSED £1.4 BILLION ACQUISITION OF LIBERTY LIVING.CONFIDENT OF DELIVERING PREVIOUSLY OUTLINED COST SYNERGIES OF £4 MILLION IN 2020 AND £15 MILLION P.A. FROM 2021 FROM LIBERTY LIVING DEAL.CONTINUED TO SEE STRONGEST GROWTH IN ACCEPTANCES AT HIGHER TARIFF UNIVERSITIES, WHICH HAVE RISEN BY 1.8% VERSUS LAST YEAR.

Competition watchdog to assess Unite Group takeover of Liberty Living Group

Sept 11 (Reuters) - :ANTICIPATED ACQUISITION BY UNITE GROUP PLC OF LIBERTY LIVING GROUP.COMPETITION AND MARKETS AUTHORITY (CMA) IS CONSIDERING WHETHER IT IS OR MAY BE CASE THAT THIS TRANSACTION IF CARRIED INTO EFFECT, WILL RESULT IN CREATION OF A RELEVANT MERGER SITUATION UNDER MERGER PROVISIONS OF ENTERPRISE ACT 2002.CMA to evaluate whether the creation of that situation may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services..To assist it with this assessment, the CMA invites comments on the transaction from any interested party..

Unite Group Buys New Development Site In Nottingham

Aug 12 (Reuters) - Unite Group PLC <UTG.L>::UNITE ACQUIRES NEW DEVELOPMENT SITE IN NOTTINGHAM.HAS EXCHANGED CONTRACTS TO ACQUIRE A NEW 620-BED DEVELOPMENT SITE IN NOTTINGHAM.EXCHANGED CONTRACTS TO ACQUIRE A NEW 620-BED DEVELOPMENT SITE IN NOTTINGHAM.TOTAL DEVELOPMENT COSTS ARE ESTIMATED TO BE £48 MILLION.DIRECT LET DEVELOPMENT, WHICH IS SUBJECT TO PLANNING CONSENT, WILL OPEN IN TIME FOR 2022/23 ACADEMIC YEAR.DEAL WILL BE FUNDED FROM INTERNALLY GENERATED SOURCES.

UK's CMA Investigating Anticipated Acquisition By Unite Group Of Liberty Living Group

July 30 (Reuters) - UK'S CMA::INVESTIGATING THE ANTICIPATED ACQUISITION BY UNITE GROUP PLC OF LIBERTY LIVING GROUP PLC.

Unite Group Plc Says HY Pretax Profit Down 12% To 125.5 Mln Stg

July 23 (Reuters) - Unite Group PLC <UTG.L>::UNITE GROUP PLC SAYS HY PROFIT BEFORE TAX DOWN 12% TO £125.5 MILLION (H1 2018: £142.5 MILLION).UNITE GROUP PLC SAYS REMAIN CONFIDENT IN DELIVERING MEDIUM-TERM RENTAL GROWTH OF 3.0-3.5%.UNITE GROUP PLC REMAIN ON TRACK TO DELIVER FULL YEAR EBIT MARGIN TARGET OF 74% BY END OF 2021.UNITE GROUP PLC SAYS EXPECT TO REACH TARGET LEVEL OF 97-98% OCCUPANCY FOR 2019/20 ACADEMIC YEAR.

CPPIB Says To Hold 1 Seat On Board Of Unite Students Post Liberty Living Deal

July 3 (Reuters) - Canada Pension Plan Investment Board : :CANADA PENSION PLAN INVESTMENT BOARD ANNOUNCES THE ACQUISITION OF LIBERTY LIVING BY UNITE STUDENTS TO FORM A LEADING STUDENT ACCOMMODATION OPERATOR IN THE UK.CANADA PENSION PLAN INVESTMENT BOARD-NET PROCEEDS TO CPPIB FROM SALE ABOUT C$1.3BLN BEFORE CLOSING ADJUSTMENTS,RETAIN 20% SHAREHOLDING IN COMBINED GROUP.CANADA PENSION PLAN INVESTMENT BOARD- ON DEAL COMPLETION, CPPIB WILL HOLD ONE SEAT ON BOARD OF UNITE STUDENTS.

Unite Group Buys Liberty Living Group For 1.4 Bln Stg

July 3 (Reuters) - Unite Group PLC <UTG.L>::ACQUISITION OF LIBERTY LIVING GROUP PLC.ACQUISITION HAS BEEN PRICED ON A NAV-FOR-NAV BASIS FOR A TOTAL CONSIDERATION OF £1.4 BILLION.UNITE PLANS TO MAINTAIN ITS 85% DIVIDEND PAYOUT RATIO FOR ENLARGED GROUP.ENLARGED GROUP DISPOSAL PLAN OF £150-200 MILLION PER ANNUM OVER NEXT THREE YEARS."CONSERVATIVELY FINANCED" ACQUISITION.LTV FOR ENLARGED GROUP IMMEDIATELY AFTER COMPLETION EXPECTED TO BE ABOUT 40% WITH TARGET OF 35% FOLLOWING PLANNED DISPOSALS.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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