Sector movers: Banks and homebuilders lead gains
26th Apr 2016 15:19
(ShareCast News) - Banks and real estate and property stocks rode to the top of the leaderboard on the heels of well-received quarterly earnings from StanChart and a perception that Brexit risks were fading, although analysts and market commentary were cautious on both counts. For the first quarter
Read moreFriday newspaper share tips: British Land, Land Securities, Sky
22nd Apr 2016 11:33
(ShareCast News) - The cycle in the UK property market was turning, The Daily Telegraph's Questor said, leading the tipster to advise readers to 'sell' real estate investment trusts. Investors would therefore be well-advised to heed the signals that the high had been reached for this cycle and get o
Read moreExane upgrades Great Portland as UK commercial property 'oversold'
16th Mar 2016 14:54
(ShareCast News) - Analysts at Exane BNP Paribas highlighted potential upside at British property specialist Land Securities, British Land and Derwent London on its confidence that the UK will vote to remain in the European Union in June. Exane said a maturing UK cycle means this trade will be short
Read moreMarkets pricing in too large an impact on REITs from Brexit
16th Mar 2016 13:42
(ShareCast News) - Markets were probably overpricing the impact which Brexit might have on UK real estate investment trusts, to the possible benefit of investors, UBS said. The real estate sector's main exposure was through London and offices in the capital, mainly via financial tenants in the case
Read moreFTSE 100 movers: Miners lead index back over 6000
22nd Feb 2016 14:16
(ShareCast News) - The FTSE 100 was back over 6,000 points on Monday, with the index up 106.09 points (1.78%) to 6,056.32. Miners led the market as commodity price were boosted following the recent rally in global equities. Anglo American was at the top of the list on reports that the company may s
Read moreLondon midday: Stocks gain on BoJ's negative interest rate
29th Jan 2016 11:00
(ShareCast News) - London stocks gained on Friday as investors cheered the Bank of Japan's latest policy announcement. The Bank of Japan unexpectedly decided to introduce a negative interest rate of -0.1% for new commercial banks' current account deposits. It means the banks will charged by the BoJ
Read moreBritish Land signs another tenant to the Cheese Grater
29th Jan 2016 07:17
(ShareCast News) - One of the City's more recent office developments gained a new high-value tenant on Friday, with Quadrature Capital signing terms for Level 33 of British Land's Leadenhall Building - coloquially known as the Cheese Grater. The FTSE 100 property developer and investor said hedge fu
Read moreLondon pre-open: Stocks seen higher after surprise move by BoJ
29th Jan 2016 07:12
(ShareCast News) - London stocks are expected to open higher on Friday, taking their cue from upbeat sessions in the US and Asia, as investors react to the Bank of Japan's shock move to adopt negative interest rates. The FTSE 100 is seen starting 53 points higher than Thursday's close at 5,984. "Eu
Read moreSuday share tips: Green Dragon Gas, British Land, Land Securities, Braemar Shipping
24th Jan 2016 14:46
(ShareCast News) - Green Dragon Gas was a 'buy' tip for Midas in the Mail on Sunday. Yes, oil prices is tumbling and China's growth is slowing, but gas prices are more stable and this Chinese gas producer is expected to enjoyed rocketing revenues and profits in the coming years from its gigantic acr
Read moreBritish Land hails strong third quarter after Norton Folgate victory
19th Jan 2016 07:03
(ShareCast News) - Fresh from controversial victory in its Shoreditch planning battle, British Land has hailed a strong third quarter for retail and offices, with a dividend up 2.5%. Although mindful of an economic outlook that is "clearly more uncertain since the half year", the company pledged a t
Read moreBroker tips: Equiniti, Kingfisher, Next, British Land, Land Securities
7th Dec 2015 13:52
(ShareCast News) - Equiniti was "far more" than a registrar and could look forward to profitable growth, a top broker said at the start of the week. It was a leader in growth markets, with the potential addressable market forecast to grow at a compound annual growth rate of 6% over 2014-19, Credit S
Read moreDeutsche Bank re-evaluates real estate sector
7th Dec 2015 11:29
(ShareCast News) - Deutsche Bank has upgraded Land Securities from 'hold' to 'buy' and downgraded British Land Company from 'buy' to 'hold' as it re-evaluates the UK real estate sector. The investment bank said in its industry update on Monday that the sector is close to high cycle conditions. "We
Read moreBritish Land sees 7.5% rise in interim NAV
17th Nov 2015 07:21
(ShareCast News) - British Land reported a 7.5% rise in half-year net asset value to 891p with underlying pre-tax profits up 10.3% at £171m "driven both by our successful leasing activity and our lower financing costs". Ordinary pre-tax profits were down to £823m from £1.04bn, while diluted underlyi
Read moreTuesday preview: CPI data due as British Land and Easyjet report
16th Nov 2015 15:07
(ShareCast News) - While markets are likely to be less focused on data alone this week in light of the Paris attacks and geopolitical tensions, Tuesday sees the publishing of consumer price inflation in the UK and US. UK 'core' CPI inflation rate is widely expected to have fallen further into negati
Read moreBritish Land Company signs up 11 new retailers at Meadowhall
11th Nov 2015 07:22
(ShareCast News) - British Land Company has secured 11 new lettings at Meadowhall in Yorkshire. The FTSE 100 company announced the deals, which total 28,000 square feet, on Wednesday. It follows the launch of a £50m internal refurbishment of the centre, which began in late September and is due to b
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