Sector movers: Property stocks build on deal news
14th Aug 2014 17:30
Property stocks drove top flight shares higher on Thursday after positive news in the sector. British Land and Land Securities were leading the FTSE 100 risers after both secured lucrative property deals this week. On Wednesday, Land Securities exchanged contracts to sell its 50% stake in Cabot Ci
Read moreLondon close: Stocks slightly higher as geopolitical risk decreases
14th Aug 2014 17:22
- Putin says seeks to de-escalate tensions with Ukraine - Finnish Prime Minister says EU not preparing further sanctions against Russia - France tosses out 2014 deficit reduction target techMARK 2,749.57 +0.40% FTSE 100 6,685.26 +0.43% FTSE 250 15,675.56 +0.95% Stocks ended the session slightly hi
Read moreFTSE 100 movers: Admiral and Glencore shares fall after H1 results
13th Aug 2014 14:49
Car insurance group Admiral was a heavy faller on Wednesday after the group said turnover in the first half was down 5% at £1.04bn as a 9% rise in customers was outweighed by a fall in premiums over last year. The company said that while UK premiums are no longer falling a return to growth remains e
Read moreBritish Land fully pre-lets shopping mall extension in York
13th Aug 2014 09:08
Developer British Land and supermarket group Tesco have fully pre-let the £19m extension of a shopping centre in Yorkshire. The pair have let all the units in the new wing of the Clifton Moor Shopping Park in York to tenants including Wren Living, DFS, Harvey's, Oak Furniture Land and JYSK. Britis
Read moreBritish Land to cash in on job growth, Liberum Capital says
11th Aug 2014 15:31
Investors should buy British Land to cash in on strong job growth in UK service industries, according to Liberum Capital. The broker has upgraded the developer, whose properties include the Meadowhall shopping centre in Sheffield and the Broadgate complex in the City of London, to a 'buy' rating wi
Read moreMonday broker round-up UPDATE
11th Aug 2014 10:22
Avacta Group: Numis lowers target price from 2p to 1.6p retaining its buy recommendation. Braemer Shipping Services: Westhouse Securities reinstates with a target price of 545p and a buy recommendation. British Land: Liberum Capital upgrades to buy with a target price of 763p. Catlin Group: Deuts
Read moreBritish Land snaps up River Island and Joules for new £90m shopping centre
7th Aug 2014 08:40
River Island and Joules are set to join the fashion line-up for British Land's recently opened £90m shopping centre. River Island has taken 12,900 sq ft and Joules has signed for 1,700 sq ft, both on 10 year leases in the centre, which was opened on 1 May. The mall, known as Old Market, is located
Read moreLondon open: Stocks inch higher but gains limited by geopolitics
4th Aug 2014 09:14
- Geopolitics in Gaza, Ukraine still firmly in focus - UK construction PMI due out - Investors give mixed reaction to earnings techMARK 2,748.45 -0.11% FTSE 100 6,696.45 +0.26% FTSE 250 15,371.65 -0.20% UK stocks snapped a three-day losing streak on Monday morning as investors went bargain-huntin
Read moreLondon pre-open: Bargain hunters expected to prop up UK stocks early on
4th Aug 2014 07:45
UK stocks are expected to open with small gains on Monday morning as investors pick up bargains after the heaving selling pressure experienced last week. The FTSE 100 has lost around 1.9% of its value over the last three trading sessions as a mixed reaction to US economic data and ongoing global ge
Read moreBritish Land says Marble Arch House nearly 50% let after new letting
4th Aug 2014 07:27
Real estate group British Land has completed its third letting in three months at Marble Arch House in Central London. NERA Economic Consulting has agreed to rent out the 11,500 square foot third floor of the building, located on Seymour Street in the West End. The company has signed a 10-year lea
Read moreBritish Land lets a further 6,500 sq ft at 10 Portman Square
1st Aug 2014 08:32
British Land has let 6,500 square feet at 10 Portman Square in London to investment management company Independent Franchise Partners. The building, which was completed last year, is now just over 75% let. It forms part of the company's 2010 development programme, which is now 78% let or under off
Read moreSector movers: Electronic and real estate stocks slide
25th Jul 2014 14:54
Real estate stocks declined, led by Hammerson and British Land, after a report showed UK house prices grew at the slowest pace in 18 months in July. Hometrack said property prices increased by 0.1% this month, down from 0.3% in June and 0.5% in May. House prices in London stalled in July, recording
Read moreBritish Land signs fourth letting at 'Cheesegrater' Leadenhall Building
24th Jul 2014 07:52
British Land and joint venture partner Oxford Properties have signed a lease agreement with Rothesay Life, a specialist pensions insurer, for level 25 at The Leadenhall Building in the City of London, known by its shape as The Cheesegrater. The 0.61m square foot building is now 53% pre-let. Level
Read moreLondon pre-open: Flat start ahead of retail sales, corporate news
24th Jul 2014 07:46
A flat start is predicted for the FTSE following mixed trading in Asia and the US and ahead of a busy day for corporate earnings. Overnight, it was revealed that Japan's most recent trade data was rather unimpressive, although the HSBC Chinese manufacturing purchasing managers index (PMI) figure p
Read moreFTSE 100 movers: Barratt Developments, GKN, Royal Mail
18th Jul 2014 14:35
Housebuilder Barratt Developments was leading the fallers after Liberum downgraded the stock to 'hold' and slashed its target price from 468p to 387p. GKN, which supplies British multinational automotive and aerospace components, declined as airliners were hurt by news of the Malaysia Airlines cras
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