FINANCE: Regeneration specialist St Modwen posted a 16% rise in net asset value per share to 344.2p in the 12 months ended 30 November 2014, with profits rising by 68% to a record £138.1m.
The record numbers were achieved despite its £1bn New Covent Garden Market scheme (pictured) not being accounted for in its results. Consent for the 57-acre project in Nine Elms, SW7, is set to be declared unconditional in the first half of this year.
