Slim pickings once again in the regulatory news today, but hotel operator PPHE has announced that it is considering a dual listing for its shares. The company is currently traded on the London Stock Exchange but it is reported to be looking at the possibility of listing on the Tel Aviv market at the same time, to facilitate an additional trading platform for investors.
There has been some complex boardroom wrangling going on at Stobart Group in recent months and clearly Friday’s AGM showed no let-up in the matter. A power struggle over board appointments has been played out – the chairman only just held onto his position with over 48% voting against his reappointment, whilst other directors received support from around only 60% of shareholders. A motion from the floor was made – then carried – to appoint another director, who was then summarily removed from office by the remaining directors. Perhaps not quite the material for a Hollywood blockbuster, but probably more than enough for an MBA case study in the future…
Student accommodation provider Unite has updated the market this morning over its valuations. Its UK student accommodation fund has increased by 1.2% in value over the quarter, whilst its London-centric portfolio has grown by 2.5% over the same period. Any slowdown in property prices certainly isn’t being seen here.