London close: Cable slips after dovish MPC testimony
24th Jun 2014 17:01
- MPC members grilled by MPs, sound dovish tone - Iraq tensions, German data weigh on sentiment - Cable falls to 1.6969 techMARK 2,809.07 -0.68% FTSE 100 6,787.07 -0.20% FTSE 250 15,547.21 -0.82% UK stocks erased early gains and ended the session slightly in the red as investors digested dovish c
Read moreTuesday broker round-up UPDATE
17th Jun 2014 09:45
Aquarius Platinum: UBS cuts target price from 41p to 24p and keeps a neutral rating. BAE Systems: Berenberg initiates with a target price of 455p and a hold recommendation. British Land: Deutsche Bank ups target price from 520p to 580p, but still recommends selling. Capital & Counties: Deutsche B
Read moreLondon close: FTSE closes firmly lower, housing stocks drag
13th Jun 2014 16:59
- FTSE closes down 65.26 points at 6,777.85 - Oil stocks continue higher, housing stocks sink - Q1 UK construction data revised higher techMARK 2,815.10 -1.11% FTSE 100 6,777.85 -0.95% FTSE 250 15,814.81 -1.93% UK stocks ended the weak on a decidedly negative note, although London's Blue Chips reg
Read moreSector movers: Housing and property stocks drop on fears of impending rate hike
13th Jun 2014 14:12
The prospect of a sooner-than-expected rate rise in the UK pushed property stocks and housebuilders lower on Friday, as investors reacted to comments made by policymakers during the Mansion House speeches. Bank of England (BoE) Governor Mark Carney warned on Thursday that the first hike in interest
Read moreLondon midday: FTSE near six-week low as rate-hike speculation sinks housebuilders
13th Jun 2014 11:35
- Housing stocks fall sharply - Carney signals impending rate hike - Osborne acts to cool housing market - Oil stocks track crude higher on Iraq tensions techMARK 2,806.77 -1.40% FTSE 100 6,771.65 -1.04% FTSE 250 15,802.08 -2.01% The increased possibility of a rate hike before the end of the year
Read moreLondon open: Housing stocks weigh as rate-hike expectations increase
13th Jun 2014 08:28
- Housing, property stocks provide a drag - Carney warns of impending interest rate hike - Osborne moves to cool housing market - Oil prices spike on Iraq concerns techMARK 2,830.21 -0.58% FTSE 100 6,817.00 -0.38% FTSE 250 15,984.76 -0.88% Weakness in the housing sector dragged UK stocks lower on
Read moreMonday broker round-up UPDATE
9th Jun 2014 09:43
Aggreko: Panmure Gordon downgrades from buy to hold with a target price of 1748p. API Group: Numis shifts target price from 84p to 85p, downgrading from buy to add. ASOS: Jefferies reduces target price from 6200p to 5700p, while leaving its buy recommendation unchanged. Betfair Group: Investec ra
Read moreBritish Land JV sells retail park in Leamington for £72m
3rd Jun 2014 07:28
A joint venture between British Land's part-owned Hercules Unit Trust (HUT) and The Crown Estate has sold the Leamington Shopping Park to Ignis UK Property Fund for £72m. The sale, by the 50:50 joint venture named Gibraltar Limited Partnership, represents a net initial yield - a key measure in the
Read moreQinetiQ CFO sells shares post vesting
28th May 2014 15:32
The Chief Financial Officer of defence group QinetiQ, David Mellors, on Tuesday sold 52,848 shares after the company vested earlier the same day. Mellors, who was appointed to the role in August 2008, traded in the shares at just under 195.47p a share, maintaining his stake at 376,016 shares. Le
Read moreThursday broker round-up UPDATE
15th May 2014 09:43
Anglo American: Credit Suisse ups target price from 1800p to 1850p downgrading to neutral. ASOS: Berenberg initiates with a target price of 5350p and a buy recommendation. Barclays: Jefferies lowers target price from 345p to 325p, while staying with its buy recommendation. Bioquell: N+1 Singer pl
Read moreBritish Land's annual profits rise as demand increases
14th May 2014 07:08
- NAV per share up 15.4 per cent - PBT up 8.4 per cent - FY dividend up 2.5 per cent British Land's annual underlying pre-tax profit rose 8.4 per cent to 297m pounds on the back of strong demand for London property. Net asset value per share increased 15.4% to 688p with total net assets at £7.1bn
Read moreLondon midday: Stocks pull back on earnings, Petrofac plummets
9th May 2014 11:35
- Petrofac delivers profit warning, IAG and Friends Life fall - Stocks pull back from recent highs - Chinese inflation slows to 18-month low techMARK 2,789.07 -0.65% FTSE 100 6,817.83 -0.31% FTSE 250 15,908.47 -0.38% UK stocks retreated from a near 11-week high on Friday with a raft of disappointi
Read moreLondon open: Petrofac leads fallers as stocks pull back from 11-week high
9th May 2014 08:31
- Petrofac drops after profit warning - FTSE 100 pulls back from highest since Feb 24th - IAG impresses with first quarter, Friends Life falls techMARK 2,792.72 -0.52% FTSE 100 6,823.10 -0.24% FTSE 250 15,899.90 -0.43% UK stocks pulled back from its highest level in nearly 11 weeks on Friday morni
Read moreLondon pre-open: FTSE to decline early on
9th May 2014 07:40
The FTSE is set for a decline early on ahead of what is set to be a reasonably light day for both data and corporate news. The top tier index is expected to open around 17 points below yesterday's close of 6,839.25. The Dow Jones Industrial Average closed modestly higher last night after data sho
Read moreBritish Land completes first letting at Marble Arch House
9th May 2014 07:21
FTSE 100 property group British Land has completed its first letting at Marble Arch House in the West End, after Fulcrum Asset Management signed a 10-year lease to occupy the 9,000 sq ft fifth floor of the building. Fulcrum has agreed to pay a rate of £78.50 per square foot (sq ft) and is due to m
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