Half Year Results 

Unite hindered by student exodus

Unite hindered by student exodus

The UK’s student population seized upon Unite Group’s (UTG) offer of rent refunds for the summer term as coronavirus threatened to sweep through accommodation blocks. Unite expects income for the 2019/20 academic year to drop by around 15 per cent, with a £139m valuation loss driving a collapse in the student landlord’s interim pre-tax profits. It anticipates losing 10 to 20 per cent in revenue for the upcoming academic year.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now