FTSE 100 high on May
The FTSE 100 hit an 11-year high as the Conservative leadership race drew to a close on Monday. It was up 20% from lows in February. UK property had a slower recovery, with REIT prices still down more than 12% on pre-referendum levels.
NewRiver parent moves to UK
NewRiver Retail has created a new parent REIT in London, moving its domicile from Guernsey to the UK. It said the move reflected the company’s operational base and asset location. The REIT also released a trading update, which showed an 11% year-on-year rise in its dividend to 5p.
Audley appoints finance chief
Audley Retirement has appointed Jon Austen as chief financial officer. He was previously group finance director at Urban & Civic. The retirement village operator plans to invest more than £600m into the retirement accommodation market over the next five years through equity, development income and investment debt.
