ASX Announcements
H1 2024 Financial Report URW NV
Half Year Audit Review, Half Year Directors' Statement, Half Year Accounts
- Jul 30, 2024
- 36 pages
July
Westfield’s Paris shopping centres bid for an Olympic leg-up
Unibail-Rodamco-Westfield, the owner of Westfield malls in Europe, is looking for a spurt of extra visitors and a profit boost for its convention centres.
- Hans van Leeuwen
October 2023
- Exclusive
- Shopping centres
Why Unibail is building flats at its Westfield malls
An unloved district of south London could showcase Unibail-Rodamco-Westfield’s reinvention from mall owner to full-spectrum urban redeveloper.
- Hans van Leeuwen
Unibail recruits Aussie tech firm to get mall tenants to net zero
The owner of Westfield’s malls in the northern hemisphere has unveiled an ambitious blueprint to save energy and cut emissions.
- Hans van Leeuwen
September 2023
Westfield San Francisco mall sued over ‘rampant criminal activity’
A chief concern is that Westfield has stopped maintaining common areas, with “a slow decline in performance” turning to “full neglect”, according to a retailer’s complaint.
- Updated
- Aaron Gregg
July 2023
Unibail offloads San Diego Westfield as US exit quickens
Unibail is steadily offloading its US portfolio of Westfield malls as it grapples with a heavy debt load.
- Updated
- Nick Lenaghan
February 2022
Scentre’s two-year search unearths Frank Lowy’s nephew
Elliott Rusanow’s appointment continues a lengthy tradition at Scentre.
- Myriam Robin
Unibail-Rodamco-Westfield prepares to dismantle Frank Lowy’s US empire
Leases, rents and sales are all on the way up, URW says, as it sees the light at the end of the COVID-19 tunnel.
- Hans van Leeuwen
July 2021
Vaccine rollout delivers shot in the arm for Unibail-Rodamco-Westfield
The European-US shopping centre giant is ‘cautiously optimistic’ of returning to pre-pandemic levels by next year at least.
- Hans van Leeuwen
February 2021
Westfield freezes dividends as it heads for US exit
The shopping mall giant will likely be a Europe-only player within two years, ditching the American empire it acquired from Westfield in 2017.
- Hans van Leeuwen
January 2021
Revolution gathers pace at Unibail-Rodamco-Westfield
After a dramatic boardroom coup last year, the Paris-based shopping mall giant is revamping its corporate structure as it grapples with debt.
- Hans van Leeuwen
December 2020
What the retail bounce means for 2021
Despite one of the toughest years in decades, Australians are spending big. We outline the risks and opportunities.
- Lucas Baird
Why this Unibail bull backed the Liberty float
L1 Capital's chief investment officer, Mark Landau, on why he subscribed to the Liberty Financial IPO, and on backing Lovisa's big, bricks-and-mortar store expansion.
- Luke Housego
ASX falls 0.7pc; Appen plunges 12pc; Fortescue soars as iron ore hits $US150
The sharemarket snapped a seven day winning streak as tech and gold stocks weighed on the index. Appen was smashed after cutting full year earnings guidance. China slapped more duties on Treasury Wine Estates. Fortescue closed at a record high.
- Updated
- Robert Guy, Vesna Poljak, Sarah Turner, William McInnes and Luke Housego
November 2020
ASX up for fourth day on bank rally; Regis gets takeover offer
The sharemarket closed up 0.3 per cent after banks stocks rallied on a rebound in the jobs market. BlueScope jumped 5 per cent after lifting first half earnings guidance to $475 million.
- Updated
- Robert Guy, Vesna Poljak, Sarah Turner, William McInnes and Luke Housego
Unibail axes CEO after rebels gain board control
Unibail CEO Christophe Cuvillier will exit the top post in the wake of the boardroom coup by an activist group at a shareholder meeting last week.
- Nick Lenaghan
Unibail CEO teeters on exit after activists seize board control
Rebel ringleader Leon Bressler became chairman after torpedoing Chris Cuvillier's $5.7 billion equity raising, prompting media speculation the CEO will quit.
- Hans van Leeuwen
S&P adds to Unibail's woes with rating cut
The downgrade, and 'negative outlook', increases pressure on the French shopping mall operator after a failed equity raising and board expansion.
- Hans van Leeuwen
Rethink for Unibail after raising is rejected
Activist investors get seats on the board as Europe's debt-stricken mall giant grapples with the legacy of buying Westfield.
- Hans van Leeuwen
Sharemarket poised to rally into year end
Positive news of a vaccine on top of the US presidential election result has analysts hopeful of a much firmer outlook.
- Luke Housego
Vaccine news a shot in the arm for malls, offices
Shopping mall owners and office landlords bounced on news of a successful vaccine, but logistics giant Goodman, which has surged on the increase in e-commerce, fell back.
- Nick Lenaghan