Capital & Counties Properties

Ticker CAPC

Today's data summary

Market open
% change
-1.61%
Price Pence
243.70
Change
-4.00
As of 08:58 14 Dec 2018
Market cap. Pound sterling
2,073.41 million
As of 08:58 14 Dec 2018

Latest updates

Earls Court owner 'in sale talks'

Chris Johnston

Business reporter, BBC News

An artist's impression of the Earls Court redevelopment
C&C
An artist's impression of the Earls Court redevelopment

Capital & Counties is in talks with Hong Kong-based property developer CK Asset Holdings about selling most of its stake in Earls Court in west London.

Capco also said it continues to prepare for a possible break-up by splitting its Covent Garden and Earls Court estates into two separately listed companies.

The statement to the stock market this afternoon confirms recent media speculation that it is preparing for a possible demerger.

There is no certainty a deal will result, it added.

Shares are almost 6% higher in London.