Broker 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
Read moreBritish Land appoints Roger Madelin to head up Canada Water site
6th Nov 2015 08:07
(ShareCast News) - British Land has appointed Roger Madelin to head up the development of its 46 acre Canada Water site in south London. The property developer said Madelin, who was at Argent since 1987 and was chief executive from 1997 to 2012, will join the company at the beginning of next year an
Read moreBritish Land lets first floor of Marble Arch House
2nd Nov 2015 07:33
(ShareCast News) - British Land has let the first floor of Marble Arch House, W1, to Cirrus Logic, which is a provider of analogue and digital signal processing equipment. Earlier this year, the property developer completed deals with private investor BXR Partners LLP and global gaming technology co
Read moreBritish Land signs deal with Cineworld
23rd Oct 2015 10:25
(ShareCast News) - Speke Unit Trust, the specialist retail park fund advised by British Land and managed by Schroders, has exchanged contracts with Cineworld for an 11-screen cinema at Mersey Shopping Park in Speke, Liverpool. British Land said the letting to Cineworld follows the receipt of plannin
Read moreLondon pre-open: Stocks to start higher ahead of CPI data
15th Sep 2015 07:22
(ShareCast News) - Stocks were being called to start the day higher ahead of a raft of macroeconomic releases, not to mention the outcome of the US Federal Reserve's policy meeting on 17 September - which has kept markets in thrall for several weeks now. Bookmakers were calling the Footsie to start
Read moreBritish Land lets two more floors at Leadenhall Building
15th Sep 2015 07:18
(ShareCast News) - British Land and Oxford Properties announced two new lettings at the Leadenhall Building to global energy company Petredec and Fidelis Insurance. There are now just five floors still available at the building. Aon and Amlin, which signed pre-lets for 191,000 square ft and 111,000
Read moreBritish Land sells 39 Victoria Street for £144m
29th Jul 2015 09:24
(ShareCast News) - British Land has exchanged contracts for the sale of 39 Victoria Street in London to Singaporean property company Ho Bee Land for a gross purchase price of £144m. After a reduction of a rent-free top up, the company will receive a net £139m from the sale. 39 Victoria Street is a
Read moreLondon close: Losses in commodities keep a lid on Footsie
20th Jul 2015 18:15
(ShareCast News) - Softness in commodity markets kept a lid on equities in London, with some traders pointing out there was still margin for further downside moves in the likes of oil and gold, as investors monitored events in Greece. In the afternoon the International Monetary Fund said Greece has
Read moreLondon midday: Commodities weigh on equity gains, further gold and oil downside eyed
20th Jul 2015 12:57
(ShareCast News) - Softness in commodities markets were limiting gains on equities come midday in London, with some traders pointing out there was still margin for further downside moves in the likes of oil or gold, as investors monitored events in Greece. That followed a wave of selling in gold dur
Read moreLondon open: Global banks lead early gains, Aveva rockets
20th Jul 2015 09:53
(ShareCast News) - Risk appetite in markets was muted but positive in early trading as traders' eyes turned again towards Greece given the dearth of economic data due out on Monday. Greek banks reopened their doors and limits on cash withdrawals were relaxed slightly as the country prepared to pay b
Read moreBritish Land reports strong start to the year, says Cheesegrater now 90% full
20th Jul 2015 08:22
(ShareCast News) - British Land said it has had a good start to the year, with strong occupational demand and lettings well ahead of estimated market rental value. In its first-quarter trading update, the company said its Leadenhall Building, also known as the Cheesegrater, is now 90% full, with 107
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