trending Market Intelligence /marketintelligence/en/news-insights/trending/V8N51fmuuQ54BwGtisjyWQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

CapCo reports H1 loss, confirms canceled sale of venues unit

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

CapCo reports H1 loss, confirms canceled sale of venues unit

reported a loss of £109.0 million for the six months to June 30, to a profit of £263.9million a year ago.

Forthe comparable period, net rental income was at £40.5 million from £38.4million, underlying earnings came in at £5.9 million from £4.2 million, andunderlying earnings per share totaled 0.7 pence from 0.5 pence.

Thecompany said that the net rental income increase is attributable to the "strongperformances" of its Covent Garden and Olympia London properties.

Thecompany's EPRA-adjusted NAV per share for the half was 344 pence, compared to361 pence as at 2015-end. The company's property market value on a group-sharebasis in the same period was about £3.61 billion from £3.66 billion, a declineit said was due to the increased stamp duty land tax that was announced inMarch.

CapCo'sboard proposed an interim 2016 dividend of 0.5 pence per share, unchanged fromthe year-ago period.

Thecompany also confirmedthat it will retain its venues business because it offers "a reliable andgrowing income stream" even if it is not a long-term core holding for thecompany. It added that the valuation ofthe Earls Court estate in London dropped 14.3% on a like-for-like basis to £1.2billion reflecting the "valuers' assessment of the weakened sentiment inthe central London residential market following the EU referendum."

CapConoted that it is "too early" to determine Brexit's effects on itsbusiness, but the company is still confident in its properties. It added thatcurrent market conditions remain positive, and that it has signed three leaseswith a further £1 million of space under offer since the June 23 referendum atCovent Garden, and four agreed reservations for Lillie Square.