Plus   Neg

Capco Issues Trading Update - Quick Facts

Capital & Counties Properties Plc (CAPC.L) issued a trading update for the six months ended 30 June 2020. During the period, 22 leasing transactions completed with a rental value of 2.7 million pounds compared to 13.0 million pounds, previous year. EPRA vacancy has increased by 0.9 percentage points to 4.1 percent. Overall, 71 percent of rent has been collected in the first six months of the year compared to 99 percent, last year. Group net debt was at 721 million pounds as at 30 June 2020.

As at 30 June 2020, Covent Garden total property value was 2.2 billion pounds, a decrease of 17 percent since 31 December 2019.

Also, the group reported that the acquisition of 20.94 percent stake in Shaftesbury PLC completed with a further 5.31 percent agreed subject to shareholder approval. Capco expects to publish a shareholder circular on July 21 in respect of the acquisition of the second tranche, which when aggregated with the first tranche, constitutes a class 1 transaction for the purposes of the Listing Rules.

Capco's interim results for the six months ended 30 June 2020 will be released on 12 August 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
CVS Health Corp. is hiring 15,000 employees across the U.S. in the fourth quarter to better equip them to tackle the anticipated rise in COVID-19 and flu incidences during the fall and winter months. This is in addition to the recruitment announced in March to fill 50,000 new full-time, part-time and temporary roles across the country in support of the company's response to the pandemic. Ireland's Data Protection Commissioner or DPC, the European Union's main data privacy regulator, is investigating Facebook over its handling of millions of children's personal data on Instagram, reports said. The agency has started two separate inquiries regarding information that email addresses and phone numbers of users under 18 were made public by the Facebook-owned app. ConocoPhillips (COP) and Concho Resources (CXO) announced Monday that they have entered into a definitive agreement to combine companies in an all-stock transaction valued at $9.7 billion. The transaction creates a company with an approximately $60 billion enterprise value and a combined resource...
Follow RTT