Corvus Capital Inc. 2007 Report & Accounts
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Interim Results for the six month period ended 31 March 2008.
FTSE 250 movers: 'Resilient' Q1 lifts Capital & Regional
16 May 2008
Property firm added ground Friday after it said its underlying tenant business remained resilient in the first quarter with all indicators trading within their normal range.
Group debt at the end of March had been reduced from £270m to £114m, excluding £386m of debt secured on the German portfolio which is non-recourse, as it seeks to ensure it remains within its banking covenants against a background of declining property valuations.
"This difficult period for the sector is not yet over, and it is not yet clear where values will settle when confidence returns," said the group.
Landscape products group turned lower though on a Citigroup target price cut to 255p from 300p.
There were also losses for software group as Goldman Sachs dropped the shares to 'sell' from 'neutral'.
Moneysupermarket.com (MONY) 127.50p +7.14%
Melrose Resources (MRS) 390.00p +7.14%
Mapeley (MAY) 1,365.00p +6.23%
Cattles (CTT) 214.75p +6.18%
Capital & Regional (CAL) 355.00p +5.97%
Investec (INVP) 398.75p +5.77%
International Ferro Metals (IFL) 168.00p +5.33%
Inchcape (INCH) 446.75p +5.06%
International Personal Finance (IPF) 259.75p +4.95%
Aricom (ORE) 102.75p +4.85%
Galiform (GFRM) 67.25p -3.58%
Findel (FDL) 279.50p -3.54%
Marshalls (MSLH) 218.50p -2.89%
Meggitt (MGGT) 277.75p -2.46%
Bellway (BWY) 707.00p -2.21%
Micro Focus International Plc (MCRO) 252.00p -2.04%
Xchanging (XCH) 257.75p -2.00%
Logica (LOG) 125.00p -1.96%
Big Yellow Group (BYG) 398.00p -1.85%
Signet Group (SIG) 70.50p -1.74%
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