London pre-open: FTSE to rise ahead of busy session
29th Apr 2014 07:40
The City is set for an upbeat start today, with stocks tracking gains seen in the US last night ahead of a busy day of economic data and following yesterday's close above the psychologically important level of 6,700. City sources predict the FTSE 100 will open around 18 points above yesterday's cl
Read moreBritish Land sells two UK retail parks for 78m pounds
29th Apr 2014 07:06
Property giant British Land has sold two of its retail parks in Scotland and Wales for a total of 78m pounds. The FTSE 100-listed company has offloaded the St James Retail Park in Dumbarton, located in the West-Central Lowlands of Scotland, to The Legal & General Property Unit Trust for £45.75m.
Read moreBritish Land signs credit facility with 14 banks
3rd Apr 2014 07:06
British Land has signed a new 785m pound unsecured revolving credit facility with a syndicate of 14 banks. The facility has a maturity of five years which may be extended to a maximum of seven years. British Land has also closed and drawn, as scheduled, its £200m US private placement, signed in A
Read moreTuesday broker round-up UPDATE
1st Apr 2014 09:39
African Barrick Gold: Deutsche Bank raises target price from 240p to 310p and keeps a hold recommendation. African Minerals: Deutsche Bank lowers target price from 399p to 382p, while its buy recommendation is kept. Allergy Therapeutics: Panmure Gordon ups target price from 16p to 25p and retains
Read moreLondon midday: Stocks rangebound ahead of UK Budget, FOMC
19th Mar 2014 11:33
- Osborne's 2014 Budget in focus - Jobless rate, BoE minutes, FOMC meeting - Ukraine-Russia tensions running high - Smiths Group drops on H2 outlook - Ophir plummets, Imagination jumps techMARK 2,817.88 +0.53% FTSE 100 6,595.59 -0.15% FTSE 250 16,366.11 +0.07% Stocks were trading in the red on Wed
Read moreWednesday broker round-up UPDATE
12th Mar 2014 09:03
Ashtead Group: Citi raises target price from 850p to 1075p keeping a buy recommendation. Barratt Developments: Goldman Sachs reduces target price from 527p to 502p and downgrades to neutral. British Land: Jefferies downgrades to hold with a target price of 707p. Brooks Macdonald Group: Canaccord
Read moredotDigital directors each sell 1.5m shares to meet investor demand
26th Feb 2014 15:23
Three dotDigital directors this week each sold 1.5m shares in the software as a service provider to meet strong demand from institutional investors. Chief Executive and Finance Director Peter Simmonds, Chief Technical Officer Simon Bird, and Chief Operating Officer Tink Taylor, each pocketed £447,1
Read moreLondon midday: Stocks flat as investors await US data with caution
7th Feb 2014 11:41
- Markets flat ahead of US jobs report - Stocks pause after ECB-inspired rally on Thursday - Data disappoints from China, UK, Germany techMARK 2,788.33 +0.33% FTSE 100 6,564.10 +0.09% FTSE 250 15,837.69 +0.30% The FTSE 100 was more or less flat by midday on Friday after trading within a narrow ran
Read moreLondon pre-open: Stocks to extend gains ahead of US data
7th Feb 2014 07:29
- Markets turn to US non-farm payrolls - ECB 'ready and willing to act' - China services PMI weakens in January UK stocks are expected to open higher on Friday morning despite yet more disappointing economic data from China, as investors show optimism ahead of the all-important US employment repor
Read moreBritish Land ups stake in Hercules Unit Trust to 57.2 per cent
7th Feb 2014 07:06
Property group British Land has lifted its holding in Hercules Unit Trust (HUT), a retail park property unit trust, by more than previously expected. British Land said it has received its allocation of units in HUT and has agreed to buy £66.8m of units at £613 per unit, representing a price 3.8% be
Read moreLondon pre-open: FTSE to open lower despite US and Asia gains
5th Feb 2014 07:18
City sources predict the FTSE 100 will open 20 points below yesterday's close of 6,449.27, ignoring decent gains seen in both the US and Asia overnight. Upbeat corporate earnings and a bout of bargain hunting helped US markets put in decent gains on Tuesday as stocks recovered from their worst sell
Read moreBritish Land agrees to buy further stake in Hercules Unit Trust
5th Feb 2014 07:11
British Land has agreed to buy a further 41m pound stake in Hercules Unit Trust (HUT), a retail park property unit trust. The FTSE 100 company has also submitted an application to Schroder Property Managers, the manager of HUT, for another £35m of further units. HUT had a portfolio of £1.5bn and c
Read moreLondon pre-open: FTSE to take breather ahead of GDP data
28th Jan 2014 07:11
- Stocks to inch lower - 2013 GDP to show strongest year since 2007 - Also focusing on US consumer confidence and durable goods City sources predict the FTSE 100 will open two points lower than yesterday's close of 6,550.66 as investors pause for breath after two sessions of heavy declines. US s
Read moreBritish Land sees LFL occupancy grow in third quarter
28th Jan 2014 07:00
- LFL occupancy up 30bp at 97.1 per cent - New lettings/renewals signed ahead of ERV - New letting at The Leadenhall Building Property giant British Land said it made decent progress in its fiscal third quarter with like-for-like (LFL) occupancy growing year-on-year. LFL occupancy in the three mon
Read moreMonday broker round-up UPDATE
27th Jan 2014 09:30
Aberdeen Asset Management: Espirito Santo cuts target price from 573p to 514p and keeps a buy recommendation. Morgan Stanley reduces target price from 492p to 393p and stays with its equal-weight rating. Amino Technologies: N+1 Singer shifts target price from 89p to 93p and reiterates a hold recomm
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