Grainger will focus on accelerated conversion and delivery of opportunities in the private-rented sector (“PRS”), reallocating resources and simplifying the business to deliver this. The objective to invest more than £850m into PRS by 2020 will target increased rental income, aiming to cover overheads, and drive dividend payout. Overheads are the subject of an ongoing review to transition to a streamlined structure (to be announced at the Interims – 19/5) and further reduction in cost of debt is ....
28 Jan 2016
Strategic update: targeting PRS investment and reduced overheads
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strategic update: targeting PRS investment and reduced overheads
Grainger plc (GRI:LON) | 254 -12.7 (-1.9%) | Mkt Cap: 1,885m
- Published:
28 Jan 2016 -
Author:
Andrew Watson -
Pages:
4
Grainger will focus on accelerated conversion and delivery of opportunities in the private-rented sector (“PRS”), reallocating resources and simplifying the business to deliver this. The objective to invest more than £850m into PRS by 2020 will target increased rental income, aiming to cover overheads, and drive dividend payout. Overheads are the subject of an ongoing review to transition to a streamlined structure (to be announced at the Interims – 19/5) and further reduction in cost of debt is ....