-- House prices in the UK rose 0.1% month over month on average in February compared with the previous month's revised 0.5% decline, according to government data published Wednesday.
The house price index was up 1.2% on an annual basis, with the average property valued at 268,000 pounds sterling.
BrightSpire Capital Inc (BRSP) has an average rating of overweight and mean price target of $6.56, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Mitsubishi Chemical Group (TYO:4188) revised its UK SoarnoLTM plant investment plan after construction delays, complex contracts, and surging material and labor costs amid global inflation drove expenses far above initial projections.The company now expects to record an impairment loss of approximately 30 billion yen for the fiscal year ended March 31, on SoarnoLTM-related fixed assets, including investment-related expenses incurred to date, according to a Tokyo bourse filing on Wednesday.This anticipated loss was not factored into the consolidated earnings forecast released on Feb. 5, and the company stated that its full-year financial results, including the impact of the investment increase, are currently under review.Despite the setback, Mitsubishi Chemical reaffirmed that SoarnoLTM remains a core growth driver for its chemicals business, with the new manufacturing facility now scheduled to begin operations in fiscal 2027.
Huadian Power International (SHA:600027, HKG:1071) generated a little over 59 million megawatt-hours of power in the first quarter of 2026, up 15% from a year prior, according to a Wednesday Hong Kong bourse filing.The amount of on-grid electricity sold jumped 15% year over year to 55.4 million megawatt-hours.Based on retroactively adjusted data from the prior-year period, output and on-grid electricity sold slipped 8.4% and 8.5%, respectively.This was due to a rise in the installed capacity of new energy sources and the crowding out of the power generation space of existing units by newly installed capacity.The average tariff of on-grid electricity sold in the three months fell 2.6% to around 504.28 yuan per megawatt-hour compared with retroactively adjusted data in the prior-year period.