British Land full year NAV up as market confidence holds
16th May 2016 07:03
(ShareCast News) - Full year underlying profits at British Land rose to £363m from £313m driven by successful leasing activity and lower financing costs, while net asset value jumped to 919p from 829p. Pre-tax profits on an IFRS basis fell to £1.3bn from £1.78bn. Earnings per share fell to 131.2p fr
Read moreFriday newspaper share tips: TalkTalk, British Land, Land Securities
13th May 2016 11:52
(ShareCast News) - TalkTalk has recovered nicely following the hacking scandal that hit the company but they've come far enough, absent a takeover offer which is now appears unlikely to materialise, The Times's Tempus said. The biggest worry for shareholders is that the operator might be under th
Read moreFTSE 100 movers: Property drags on buoyant mining
11th May 2016 13:32
(ShareCast News) - The FTSE was underwater but working it was back to dry land late on Wednesday, as the index's raft of heavyweight miners were buoyed by commodity prices. With an hour's trading left in the day, the blue chip index was down 0.1% at 6,150, with property developers causing the bulk o
Read moreBroker tips: RBS, Bovis Homes, British Land
10th May 2016 13:11
(ShareCast News) - Royal Bank of Scotland was still on track to generate considerable surplus capital in the medium-term, but the exact amount and timing of any distribution were uncertain, HSBC said. Possible delays to the separation of Williams&Glyn meant the lender might breach its State Aid Comm
Read moreBrexit risks already priced into British Land shares, Citi says
10th May 2016 10:25
(ShareCast News) - Some of the recent negative trends at British Land would revert in the second half of the year and the risk of Brexit was already priced into its stock, Citi said. Analyst Aaron Guy stuck by his 'buy' recommendation on the shares on Tuesday, heading into the London-based property
Read moreSector 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
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