Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

New management to reveal plans for the business
Thursday 02 Feb 2017 Author: Tom Sieber

Tuesday 7 February

Full year results on 7 February from real estate developer St Modwen Properties (SMP) provide an opportunity for incoming chief executive Mark Allan and finance director Rob Hudson to outline their plans for the business. Investment bank Liberum believes the company has self-help potential and could soon sell its Nine Elms residential property scheme. ‘St Modwen’s significant 6,000 acre land bank provides a long-term pipeline of value creation potential,’ adds Liberum. ‘Risks are partly mitigated by an income generating portfolio, which covers the majority of overhead and interest cost.’

‹ Previous2017-02-02Next ›