Capital & Counties (Capco) is well-positioned to provide consistent returns for shareholders over the next three years, regardless of uncertainty about Brexit, says its management. CEO Ian Hawksworth, speaking after the release of financial results for the year to December on Wednesday, said "despite macroeconomic uncertainty and challenging market conditions, Capco’s strategy remains clear and focused". "London is an outstanding global city and we have two of its best estates. "Capco’s strong balance sheet and unique assets are well placed for management to create and deliver long-term value for shareholders," he said. The owner of two of London’s most iconic assets, Earls Court and Covent Garden, was one of the biggest losers in 2016 after the referendum vote in favour of the UK leaving the EU.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.