Telford Homes PLC (TELF.L)
23 Aug 2019
* Telford Homes gains after buyout offer (Adds news items, analyst comments, updates share prices)
* Student housing firm Unite buys rival Liberty Living for 1.4 bln
U.S. real estate firm CBRE Group Inc said it would buy British property developer Telford Homes Plc for about 267 million pounds ($336 million) in a bid to expand into Britain's apartment rental market.
* CEO Jon Di-Stefano to continue to lead the company (Adds details, share movement, CEO and analyst quote)
July 3 Britain's main index hit a 10-month high on Wednesday as comments from the Bank of England raised hopes of an interest rate cut and hurt the pound, while AIM-listed Telford Homes surged after a buyout offer.
July 3 U.S.-real estate firm CBRE Group Inc said on Wednesday it will acquire British residential property developer Telford Homes Plc for about 267.4 million pounds ($336.15 million).
May 29 Telford Homes Plc profits dropped nearly 13% last year as it sought to navigate a Brexit-dampened London housing market with an increased focus on low-risk build to rent properties, annual results showed on Wednesday.
May 29 Telford Homes Plc on Wednesday posted record annual revenue as an increased focus on build to rent contracts helped it navigate a tough housing market in London that has squeezed margins and hit profit.
Feb 28 Telford Homes Plc cut its full-year profit forecast by at least 10 million pounds on Thursday, sending the homebuilder's shares down as much as 13 percent.