Big Yellow Group PLC (BYG.L), a UK's self-storage company, Thursday reported revenue of 50.2 million pounds for the first quarter, 4 percent higher than 48.1 million pounds in the same quarter a year ago, primarily helped by growth in demand as well as rent.
On a like-for-like basis, store revenue for the quarter excluding Kings Cross, which was opened in June 2023, grew 3 percent to 49.1 million pounds from 47.6 million pounds last year.
Occupancy across all 109 stores increased by 220,000 sq ft compared to a gain of 167,000 sq ft in the same quarter last year.
Average rent per sq ft grew 4 percent from last year to 34.13 pounds.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.