LondonMetric Property Buys Logistics Warehouses For £135.6 Mln – Quick Facts

WATCH: Broncos’ Melvin Gordon III fumbles on 4th down, Eagles’ Darius Slay recovers, runs back 82 yards for TD – The Denver Post

The Broncos have found plenty of success on fourth down this season.

Just not this Sunday.

On fourth-and-1 late in the third quarter, Melvin Gordon III tried running up the middle, but fumbled the ball. Eagles cornerback Darius Slay picked it up and returned it 82 yards for a touchdown. Denver quarterback Teddy Bridgewater looked like he had a chance to tackle Slay near the Philadelphia 45-yard line.

The score gave Philadelphia a 27-13 lead.

PHOTOS: Denver Broncos host Philadelphia Eagles for NFL Week 10 game

One week after the franchise’s most significant victory since Super Bowl 50, the Broncos reverted to their norm Sunday with an embarrassing 30-13 loss at home to the Eagles.

The setback dropped the Broncos to 5-5 entering their Week 11 bye.

Click here to read the full story.

Beijing Stock Exchange kicks off trading with mixed performance

SHANGHAI, Nov 15 (Reuters) – China’s Beijing Stock Exchange kicked off trading on Monday, with performance of the first batch of 81 stocks mixed.

Ten stocks that recently conducted initial public offerings on the bourse surged, with the top gainer rising more than 500% in early trading.

The other 71 stocks that were transferred from the “Select Tier” of the “New Third Board” were more muted.

The Beijing Stock Exchange started trading just two months after Chinese President Xi Jinping announced plans for the new bourse, which is designed to serve small and medium-sized enterprises (SMEs).

Broncos game balls, notable quotes following win over Eagles and looking ahead

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China's Oct coal output rises to highest since March 2015

BEIJING, Nov 15 (Reuters) – China’s October coal output rose to the highest since at least March 2015, after Beijing approved a raft of coal mine expansions to tame record prices and boost supply.

The world’s biggest producer and consumer of the dirty fossil fuel churned out 357.09 million tonnes of coal last month, up from 334.1 million tonnes in September, data from the National Bureau of Statistics showed on Monday.

Output over the first 10 months of 2021 was 3.3 billion tonnes, up 4% year-on-year.

Saudi inflation inches up 0.8% in October on higher fuel prices

DUBAI, Nov 15 (Reuters) – Saudi Arabia’s consumer price index increased by 0.8% in October from a year earlier and was 0.2% higher on the month, government data showed on Monday.

The annual increase was driven by higher prices for transport, which went up 6.4%, and food and beverages, up 1.4%, the General Authority for Statistics said.

Higher transport costs were mainly the result of a 47.9% annual increase in gasoline prices, it added.

Sohu.com Turns To Profit In Q3, Revenues Climb; Sees Loss In Q4 – Quick Facts

Chinese online media, video, gaming and search business group Sohu.com Limited (SOHU) reported Monday that its third-quarter net income attributable to the company was $834.20 million or $21.06 per share, compared to last year’s loss of $29.56 million or $0.75 last year.

Net income from continuing operations attributable was $12 million or $0.31 per ADS, compared to a net loss of $15 million or $0.39 in 2020.

Adjusted net income from continuing operations attributable was $17 million or $0.44 per ADS, compared with a net loss of $7 million a year ago.

Total revenues were $216 million, up 37 percent year-over-year from $157.90 million last year.

Looking ahead for the fourth quarter of 2021, Sohu estimates net loss attributable between $3 million and $13 million, and adjusted net loss attributable between nil and $10 million.

Brand advertising revenues are expected to be between $28 million and $31 million, an annual decrease of 26 percent to 33 percent.

Online game revenues would be between $140 million and $150 million, an annual decrease of 23 percent to 29 percent.

Pre-market Movers: AUTL, MYNZ, FATBB, VLTA, TSLA…

The following are some of the stocks making big moves in Monday’s pre-market trading (as of 05.00 A.M. EDT).

In the Green

Autolus Therapeutics plc (AUTL) is up over 32% at $7.37
Mainz Biomed B.V. Ordinary Shares (MYNZ) is up over 23% at $12.36
FAT Brands Inc. (FATBB) is up over 17% at $22.71
Volta Inc. (VLTA) is up over 16% at $10.96
AC Immune SA (ACIU) is up over 16% at $8.55
Gaucho Group Holdings, Inc. (VINO) is up over 15% at $3.66
Bitfarms Ltd. (BITF) is up over 12% at $8.20
Meten Holding Group Ltd. (METX) is up over 12% at $0.70
EVgo, Inc. (EVGO) is up over 10% at $11.03
Evolve Transition Infrastructure LP (SNMP) is up over 10% at $1.35

In the Red

Tesla, Inc. (TSLA) is down over 5% at $1155.94
ReWalk Robotics Ltd. (RWLK) is down over 5% at $1.53
Assertio Holdings, Inc. (ASRT) is down over 5% at $1.44

LondonMetric Property Buys Logistics Warehouses For £135.6 Mln – Quick Facts

LondonMetric Property Plc (LMP.L) announced Monday the acquisition of two logistics warehouses for 135.6 million pounds in separate transactions.

The deal reflects a blended NIY of 4.2 percent and a reversionary yield of 4.8 percent.

The acquiring properties generate a rent of 6.0 million pounds p.a. with 100 percent of the income benefiting from RPI linked rent reviews. The warehouses have a WAULT of 22 years.

The company acquired around 700,000 sq ft warehouse for 97.0 million pounds at a NIY of 4.0 percent and let to a high quality occupier for another 23 years at a rent of 4.1 million pounds p.a. It has further development potential of up to 180,000 sq ft. Completion of the c.700,000 sq ft acquisition is expected to occur in January 2022.

Further, the company acquired 296,000 sq ft warehouse for 38.6 million pounds at a NIY of 4.5 percent and pre-let to a rapidly expanding e-commerce company, on a 20 year lease at a rent of 1.9 million pounds p.a. The warehouse’s development will be completed in spring 2022.

Andrew Jones, Chief Executive of LondonMetric, said, “These investments quickly follow on from the recent sale of our Primark mega logistics warehouse where the delayed completion on that transaction means that we will continue to collect the income until February next year.”