Latest generation of ProFound AI Risk, now available for digital breast tomosynthesis, provides an accurate, short-term breast cancer risk estimation for women, based only on a screening mammogram The share price has now slipped a little to 168.1p.Leading-edge AI solution for 2D mammography enhances cancer detection performance for clinicians, with improved sensitivity, specificity, and processing times over previous versions Shares in Capita gained 4.9pc to 169.1p last Thursday, when the outsourcing firm announced the sale of its parking management business for £235m in cash and the award of a new contract with the Department for Education worth £109m over six years. Share price at close: €84.10 Update: Capita An influx of banks from London would, from the company’s point of view, be the icing on the cake.Īnyone tempted by the yield should be aware that a withholding tax of up to 30pc is likely to be deducted by the French authorities. Unique physical assets of the kind that Icade owns, and revenues underpinned by long-term contracts, will also be at a premium. In the event of a disorderly exit from the EU, assets denominated in overseas currencies can be expected to do well in sterling terms as a fall in the pound is highly likely. See Questor's tips every day at /DTquestorĭespite the attractive yield, Questor sees the stock as a way for readers to inject some capital preservation ballast into their portfolio, partly to protect against any Brexit-related disruption. Read Questor’s rules of investment before you follow our tips.Crédit Agricole, the bank, owns a further 18pc. It should also support the share price, in view of the pitiful returns on French fixed-income investments at present – about 0.6pc a year, or a tenth of Icade’s yield, on 10-year bonds issued by the French government, for example.įurther reassurance comes from the fact that the state owns, via Caisse des Dépôts, its investment arm, a 40pc stake in Icade. Illingworth said his analysis of the security of the firm’s cash flows suggested that the dividend was secure. Last year office rental income rose by 7.6pc and earnings by 8.3pc.Īs a real estate investment trust (Reit) Icade must pay out most of its earnings as dividends and the yield is a healthy 6pc, based on next year’s expected payout. The combination of some expansion of the estate and rent rises will drive any future growth. Overall, the portfolio is 92pc let, while 75pc of office space in development has been pre-let.Īlthough “upwards only” rent reviews of the type common in Britain tend not to be found in France, some tenants are agreeing to rent rises when their contracts roll over. It owns just two shopping centres, however, so investors “don’t have to worry about retail exposure”, the fund manager said. The firm also owns some business parks and healthcare properties such as private hospitals. Forty five per cent of the company’s office space by market value is in La Défense, while another 11pc is elsewhere in Paris in all, the portfolio is heavily biased towards the Île-de-France greater Paris area, although there are assets in central Lyon and Marseille.