London pre-open: Stocks to rise as German growth accelerates
13th Feb 2015 06:55
Strong data from Germany is expected to give UK stocks a boost on Friday, while concerns about Greece and Ukraine continue to ease. City sources predict the FTSE 100 will open 28 points higher than Thursday's close of 6,828.11. German economic growth picked up to 0.7% in the fourth quarter of 2014
Read moreBritish Land enjoys strong quarter driven by good retail space sales
27th Jan 2015 09:10
Property development and investment group British Land said it saw strong demand in retail space during its third quarter to December. The number of investment lettings and renewals was 10.9% ahead of the company's expectations, at 269,000 sq ft, while retail footfall continued to outperform with an
Read moreBritish Land reassures about Cheesegrater bolts as leases reach 70%
14th Jan 2015 08:04
British Land said it has now agreed to fill 70% of The Leadenhall Building, known as the Cheesegrater, and has sought to reassure that three fractured bolts in the skyscraper were not affecting the structural integrity of the building. After warning in November that two bolts had fractured at the bu
Read moreBritish Land sells portion of retail and office portfolio
8th Jan 2015 07:02
Real estate investment trust British Land has sold a retail and office portfolio in an off-market deal to Legal & General Property for £219.6m. Kingswood Retail Park in Hull was sold for £58m, with House Fraser in Birmingham sold for £71.4m, while the Grenfell Island office, leisure and retail block
Read moreLondon open: Stocks rise but FTSE 100 on track for annual decline
31st Dec 2014 08:54
London's stock market rose on Wednesday after a sell-off the previous session, but still looked set to finish 2014 in the red. The FTSE 100 was up 0.2% at 6,559 on the last trading day of the year, but has fallen around 2.8% since the start of January. For the month of December alone, the Footsie h
Read moreBroker tips: LSE, Hargreaves Lansdown, British Land, Friends Life
24th Nov 2014 15:04
Financial services group London Stock Exchange's steady earnings growth, in an environment where most of its peers have suffered earnings downgrades, has seen its stock significantly outperform its peers. Analysts at Citigroup expect the earnings momentum from the company's high-growth businesses, s
Read moreLiberum downgrades British Land to 'hold'
24th Nov 2014 09:56
Lower UK bond, or Gilt, yields have prompted broker Liberum to lift its net asset value (NAV) forecasts for UK property groups British Land and Land Securities. "In our view, the UK real estate cycle sits in something of a sweet-spot, where yields appear unlikely to rise in the near future and renta
Read moreTuesday broker round-up
18th Nov 2014 09:42
Aggreko: HSBC raises target price from 1550p to 1650p and maintains a neutral rating. Al Noor Hospitals: Citi initiates with a target price of 1240p and a buy recommendation. Barclays: Credit Suisse ups target price from 230p to 250p and keeps a neutral rating. Bodycote: JP Morgan cuts target pric
Read moreLondon pre-open: FTSE to rise despite further weak data out from China
18th Nov 2014 07:42
London's blue chips are expected to open on a positive note, despite further weak data out from China overnight. City sources predict the FTSE 100 will open around 15 points higher than Monday's close of 6,671.97. "European futures are pointing to another positive start on Tuesday despite data over
Read moreBritish Land bullish on London office and retail outlook
18th Nov 2014 07:09
As its increased development investment in London pays back in spades, British Land grew its total portfolio valuation increase 7.2% and net asset value by 11% in the first half, with improving demand for office space in the capital and restricted supply lifting prices. The office and residential bu
Read moreThursday broker round-up.-Update
13th Nov 2014 10:21
AstraZeneca: JP Morgan raises target price from 3700p to 4100p, keeping its underweight rating. AVEVA Group: Barclays upgrades to overweight. Bellway: Credit Suisse raises target price from 1876p to 1905p and keeps a neutral rating. Bow Leven: Barclays shifts target price from 45p to 50p and retai
Read moreLondon midday: Vodafone leads UK markets higher, but resource stocks weigh
11th Nov 2014 11:34
Strong gains from Vodafone and a string of property companies pushed UK shares into positive territory on Tuesday, though weakness in the resource sectors was limiting upside as the stock market fluctuated at a six-week high. The FTSE 100 was up just 0.1% at 6,618 by midday, having pulled back sligh
Read moreLondon open: UK stocks at six-week high as Vodafone gains
11th Nov 2014 08:38
London's stock market was trading at levels not seen since late September on Tuesday as decent gains from Vodafone and a host of real-estate groups outweighed weakness in the mining sector. The FTSE 100 was 0.3% higher at 6,633 in early deals. Nevertheless, gains were only modest early on after the
Read moreLondon close: Miners lead shares higher on gold price rise
7th Nov 2014 17:11
Miners and oil stocks led the London market modestly higher on Friday as gold and oil prices jumped on a weaker dollar and German trade data improved. Silver miner Fresnillo gleamed 34.5p to 734p and Randgold Resources glittered 58p to 4132p as gold prices rose about 2% and a barrel of US crude boun
Read moreBroker tips: Shell, Barclays, British Land, St James's Place
30th Oct 2014 12:28
Broker Charles Stanley has lifted its recommendation for Royal Dutch Shell from 'accumulate' to 'buy', saying that the company should be resilient to the recent slump in oil prices. The broker said Shell was "well-placed to improve its returns and deliver its objectives" over the medium term in spit
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