Prestigious Awards, Regulatory Disclosures, Broker Appointments, Strategic Updates, and Acquisitions - Analyst Notes on Intu, Lancashire, Phoenix, F&C and LondonMetric
LONDON, July 10, 2014 /PRNewswire/ --
- Editor Note: For more information about this release, please scroll to bottom
Today, Earnings Review released its analysts' notes regarding Intu Properties Plc (LON: INTU), Lancashire Holdings Limited (LON: LRE), Phoenix Group Holdings Plc (LON: PHNX), Foreign & Colonial Investment Trust Plc (LON: FRCL) and LondonMetric Property Plc (LON: LMP). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://earnings-review.com/4643-100free.
Intu Properties Plc Analyst Notes
On June 30, 2014, Intu Properties Plc (Intu) announced that it has been awarded the Institute of Customer Service ServiceMark for its commitment to outstanding customer service. Intu stated that ServiceMark is an established national standard for customer service. David Fischel, CEO, Intu, said, "When Intu was launched in January 2013, we said that one of the things that would make us stand out among the competition was delivering World Class Service to all of our customers. Delivering world class service as part of our overall aim to provide the perfect shopping experience will keep people coming back time and time again and staying with us for longer. This accreditation is recognition that we are delivering on our brand promise to our customers." The full analyst notes on Intu are available to download free of charge at:
http://earnings-review.com/4643-INTU-10Jul2014.pdf
Lancashire Holdings Limited Analyst Notes
On June 30, 2014, Lancashire Holdings Limited (Lancashire) announced the total voting rights. As of the reporting date, the Company's issued share capital consisted of 189.3 common shares of $0.50 each, of which 1.9 million common shares were held in treasury. Accordingly, the total number of common shares in issue with voting rights stood at 187.4 million. The full analyst notes on Lancashire are available to download free of charge at:
http://earnings-review.com/4643-LRE-10Jul2014.pdf
Phoenix Group Holdings Plc Analyst Notes
On July 7, 2014, Phoenix Group Holdings Plc (Phoenix) announced the appointment of HSBC Bank Plc as the Joint Corporate Broker alongside J.P. Morgan Cazenove. Clive Bannister, Group Chief Executive, confirmed, "We are delighted to announce the appointment of HSBC as our Joint Corporate Broker. Phoenix has a longstanding relationship with HSBC across a range of products and we are looking forward to working with them as we continue our development as the UK's leading specialist closed life fund consolidator." The full analyst notes on Phoenix are available to download free of charge at:
http://earnings-review.com/4643-PHNX-10Jul2014.pdf
Foreign & Colonial Investment Trust Plc Analyst Notes
On July 1, 2014, Foreign & Colonial Investment Trust Plc (F&C) released a strategy update. After a lackluster H1 2014, that saw equity markets struggling with geopolitical tensions, increased uncertainty about energy security and prices, the Company said it plans to keep its asset allocation broadly unchanged from June 2014, while continuing investments in riskier assets. F&C also stated that it will prefer investment in corporate bonds in H2 2014, as any increase in the interest rates by the U.S. and U.K. central banks will increase the risk of government bond yields going higher again. The Company also continues to maintain underweight stance on emerging market equities. The full analyst notes on F&C are available to download free of charge at:
http://earnings-review.com/4643-FRCL-10Jul2014.pdf
LondonMetric Property Plc Analyst Notes
On July 3, 2014, LondonMetric Property Plc (LondonMetric) announced that Metric Income Plus Limited Partnership (MIPP) - a joint venture between LondonMetric and Universities Superannuation Scheme Ltd. (USS) - will acquire Trostre South Retail Park in Llanelli from Benesco, for £12.8 million. LondonMetric had previously announced its agreement with USS to extend the Joint Venture by two years and grow the Company's ownership from 33.3% to 50.0%. Andrew Jones, CEO, LondonMetric, said, "This acquisition is consistent with MIPP's investment criteria and demonstrates that, despite a competitive transaction environment, the Joint Venture can continue to source attractive deals that will deliver strong income returns and asset management upside.Having reached the Joint Venture's original investment target in December today's transaction enables LondonMetric to make progress towards achieving a 50% ownership position. On completion of Llanelli, we will increase our share of MIPP net income by a further £1.0 million per annum." The full analyst notes on LondonMetric are available to download free of charge at:
http://earnings-review.com/4643-LMP-10Jul2014.pdf
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