Derwent London Plc (DLN.L) Tuesday said in its latest trading update that the earnings outlook for the near and medium term remains the same. The British property investment company also launched a 50 million pounds share buyback programme.
In the trading update, the company said that in the first quarter, it reported 25.3 million pounds worth of activity year-to-date, with open-market lettings signed 5.2 percent above Estimated Rental Value or ERV, while a further 6.7 million pounds remains under offer.
Derwent London said that the Network W1 offices were pre-let at rents 5 percent higher than the ERV in December 2025 and 22 percent above appraisal ERV. The company also exchanged 278 million worth of property disposals.
Additionally, the company announced a 50 million pounds share buyback programme, expected to begin on May 18, following the Annual General Meeting on May 15.
According to Derwent London, the final dividend of fiscal 2025, which is 56.0 pence, will be paid on May 29.
On the LSE, DLN.L is currently trading down 3.00 pence or 0.17 percent on Tuesday at 1,723.00 pence.
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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.