Shaftesbury Plc , the owner of more than 500 shops, restaurants and offices in central London, reported its first full-year profit in three years and said Chief Executive Officer Jonathan Lane will retire in 2011. Net income in the 12 months through September was 167.1 million pounds ($260 million) compared with a loss of 58.4 million pounds the previous year, the London-based company said in a statement today. Profit excluding a 183.6 million-pound gain in property values increased 4.7 percent to 22.1 million pounds, or 9.7 pence a share.
Shaftesbury Plc , the owner of more than 500 shops, restaurants and office buildings in central London, said first-half profit declined 18 percent after the value of its properties increased at a slower rate.
Shaftesbury Plc, the owner of more than 500 shops, restaurants and office buildings in central London, said its first-half pretax profit fell to 101 million pounds from 122.8 million pounds a year earlier, according to a statement today.
Scotland’s real estate fund managers are increasing stakes in central London property developers Derwent London Plc and Great Portland Estates Plc , betting they’ll benefit from a shortage of modern office space.
Aberdeen Asset Management Plc and United Utilities Group Plc are among eight companies in the Stoxx Europe 600 Index that may boost their dividends next week, while Repsol SA might cut its shareholder payout, data compiled by Bloomberg show.