London pre-open: Gold drops as focus shifts to central banks, earnings
20th Jul 2015 08:06
(ShareCast News) - Gold fell afoul of traders on Monday morning as the focus of markets shifted away from events in China and Greece and back towards central banks and corporate earnings, particularly Stateside. Economists' expectations for interest rates hikes in the UK and US have grown in recent
Read moreBritish Land signs DRW in Leadenhall lease deal
17th Jul 2015 08:30
(ShareCast News) - Trading firm DRW signed a lease to move into the Leadenhall Building, its owner British Land said. The company added that the building known as the cheese grater is now 90% let or under offer. DRW's London operations will join Brit Insurance, Spanish banking group Banco Sabadell,
Read moreLand Securities tops FTSE 100 on UBS upgrade
7th Jul 2015 13:10
Land Securities rose to the top of the FTSE 100 after UBS upgraded the stock to 'buy' from 'neutral' and raised the price target to 1,425p from 1,300p. Analysts at the bank noted how the stock has been trading very tightly around net asset value for the past few years, but in recent months has de-ra
Read moreLondon close: Stocks fall as traders take profits ahead of Greek referendum
3rd Jul 2015 16:31
UK stocks finished firmly lower on Friday as investors showed their nerves ahead of a pivotal weekend for Greece as the public votes on creditors' bailout proposals. With the result of the referendum apparently too close to call and reports claiming that Greek banks were beginning to run out of mone
Read moreFTSE 100 movers: RBS hit by mortgage bond allegations, Vodafone by ML note
3rd Jul 2015 13:34
UK stocks inched lower on Friday, as investors continued to fret in the run up to Sunday's Greek referendum. As of 14:30 BST, the FTSE 100 was trading 0.5% lower at 6,595, led by Vodafone after a negative note on the telecoms giant by Merrill Lynch, which told clients it felt the stock's recovery re
Read moreLondon midday: Banks, miners slip as risk appetite declines ahead of Greek vote
3rd Jul 2015 12:09
UK stocks slipped on a quiet Friday, with US markets closed ahead of the Fourth of July holiday and as investor sentiment remained driven by Sunday's upcoming referendum in Greece. With polls suggesting the Greek public's vote on bailout proposals remains too close to call, investors were scaling ba
Read moreFTSE 100 movers: Supermarkets hit by Credit Suisse note, property stocks lower
17th Jun 2015 13:35
UK stocks dipped on Wednesday, led by sector weakness in supermarkets and property, which overshadowed gains made by construction, telecommunications and mining stocks. As of 15:00 BST, the FTSE 100 was trading 0.26% lower at 6,693. Supermarket rivals Morrisons, Sainsbury's and Tesco fell after Cre
Read moreLondon close: Stocks lower on mixed messages from Greece
2nd Jun 2015 16:00
London stocks closed slightly lower on Tuesday, as mixed messages from Greece extended investor uncertainty. At close, the FTSE 100 was 0.36% lower at 6,928.27. Reports that Greece's creditors had agreed on proposals circulated early in the afternoon, although Dutch Finance Minister Jeroen Dijsselb
Read moreFTSE 100 movers: British American Tobacco fizzles, metals miners strong
2nd Jun 2015 14:00
London stocks dipped on Tuesday afternoon, as investors kept a close eye on developments in Greece and tobacco, property and utility stocks dragged. As of 15:00 BST, the FTSE 100 was trading 0.33% lower at 6,930.47 British American Tobacco topped the fallers after a class-action lawsuit in Canadafo
Read moreSector movers: Oil and gas stocks rise, as big tobacco, REITs trade lower
2nd Jun 2015 13:32
The benchmark FTSE 100 continued to lurk below the 7,000 level on Tuesday, as big tobacco and Real Estate Investment Trusts traded lower in London. At 1610 BST, the blue chip index was broadly flat at 6953.36 down a mere 0.22 points, as a class-action lawsuit in Canada ruled that British American To
Read moreBritish Land launches £350m bond offering to fund recent acquisitions
2nd Jun 2015 07:54
British Land is scheduled to launch a £350m senior, unsecured convertible bonds offering due 2020. The company plans to use the net proceeds to fund the £210m acquisition of One Sheldon Square, Paddington Central in April 2015, the £135m acquisition of Surrey Quays Leisure Park, Canada Water in Marc
Read moreSector Movers: REITs, travel and software stocks climb
1st Jun 2015 14:08
Real Estate Investment Trusts, travel & leisure and software & IT services shares provided a modicum of stability on Monday, even though the London market stayed marginally in negative territory. The FTSE 100 closed down 0.44% at 6,953.58 with natural resources related shares, especially oil and min
Read moreMonday broker round-up
1st Jun 2015 09:48
Lamprell: Citi reiterates neutral recommendation and raises target to 155p. British Land: JP Morgan ups target to 970p from 950p and stays at overweight. Derwent London: JP Morgan raises target to 3,900p from 3,800p but keeps at overweight. Great Portland Estates: JP Morgan lifts target to 920p fr
Read moreBritish Land signs three new lettings at Leadenhall building
29th May 2015 07:37
British Land and its partner Oxford Properties have completed three lettings deals at the Leadenhall building in the City of London, British Land said on Friday. It said the lettings at the building have been made with Brit insurance, Spanish banking group Banco Sabadell and investment manager Kame
Read moreFriday broker round-up
15th May 2015 15:12
SAB Miller: Berenberg reiterates buy and 3,920 price target. IMI: Nomura reiterates reduce stance, lowers target to 1,115p from 1,175p. ITV: Barclays downgrades to equal-weight with 260p target. HSBC: Berenberg reiterates buy and lowers target to 750p from 790p. Hiscox: Canaccord Genuity reiterat
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