London open: Stocks rise in holiday shortened session
24th Dec 2013 07:59
- US orders for durable goods due - Tullow Oil pulls plug on North Sea well - British Land signs JV to develop Broadgate Market Movers techMARK 2,765.90 +0.15% FTSE 100 6,698.96 +0.30% FTSE 250 15,765.26 +0.15% The FTSE 100 opened higher in what is expected to be a quiet day ahead of Christmas.
Read moreLondon pre-open: Stocks to snap four-day rally
24th Dec 2013 07:44
City sources predict the FTSE 100 will open 8 points lower from Monday's close of 6678 in a shortened pre-holiday session. London's stock market will close at 1230 local time and will remain closed for the following two days for the Christmas holiday. In an otherwise quiet day for company news, in
Read moreWednesday broker round-up UPDATE
11th Dec 2013 08:35
Afren: Goldman Sachs lowers target price from 280p to 270p, while leaving its strong buy recommendation unaltered. Canaccord Genuity takes target price from 190p to 205p and keeps a buy recommendation. Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 44
Read moreThursday tips round-up: British Land, Barratt Developments, ICAP
14th Nov 2013 07:38
British Land is preparing the ground work for the day when interest rates begin to rise in the UK. It has cut its average cost of debt to 4.2 per cent from 4.6 per cent and three quarters of it is now fixed for the next five years, slightly more than usual. Furthermore, it has been gradually shiftin
Read moreBritish Land gives confident outlook as H1 profits rise
13th Nov 2013 07:31
- Underlying profits up 6.6 per cent - Rental income rises, leasing activity up - Company in 'good shape', London market remains 'bright' London- and South East-focused property group British Land reported a 6.6 per cent increase in underlying profits as it leased more space during the first half.
Read moreMonday broker round-up UPDATE
11th Nov 2013 08:50
Associated British Foods: Barclays downgrades to equal-weight with a target price of 2100p. Bovis Homes Group: Deutsche Bank moves target price from 1001p to 1008p maintaining a buy recommendation. British Land: Deutsche Bank downgrades to sell with a target price of 520p. British Sky Broadcastin
Read moreBritish Land lets office space to Facebook UK
7th Nov 2013 09:13
Real estate investment trust British Land has let a newly completed office in London's West End to Facebook UK, it announced on Thursday. The building, namely 10 Brock Street, forms part of the Regent's Place mixed-use campus and the letting means that all 320,000 sq ft of office space has now bee
Read moreBroker snap: UBS upgrades British Land after recent underperformance
25th Oct 2013 10:32
UBS has upgraded its rating for London-focused property giant British Land from 'neutral' to 'buy', saying that stock's underperformance 'has gone too far'. The bank said it has become "significantly more positive" on the rental growth outlook for British Land after stronger leading economic indica
Read moreBritish Land sells 50 per cent stake in Spanish shopping centre
17th Oct 2013 07:03
British Land has disposed of its 50 per cent stake in the Puerto Venecia Shopping Centre and Retail Park in Spain, to Orion European Real Estate, having previously shared ownership of the asset under a joint venture partnership. The stake was sold for €144.5m, which British Land said was in line wi
Read moreLand Securities and British Land sell former JV asset
8th Oct 2013 11:34
FTSE 100 companies Land Securities and British Land have agreed, through their 50/50 joint venture (JV), to sell the Bon Accord and St Nicholas shopping centres in Aberdeen. The two groups earned a total of £189m from the sale. Land Securities Executive Director Richard Akers said: "After a numb
Read moreLondon midday: ECB, political uncertainty in focus as stocks fall
2nd Oct 2013 11:27
The FTSE 100 suffered steep losses on Wednesday morning as buyers showed caution ahead of a policy decision in Europe, whilst political uncertainty in the US and Italy continues to erode risk appetite. The all-important European Central Bank (ECB) policy decision is due at 12:45 this afternoon, tho
Read moreLondon open: FTSE 100 near three-month low as supermarkets disappoint
2nd Oct 2013 08:21
UK markets sank sharply on Wednesday morning given the uncertain outlook for the US economy in light of a partial government shutdown as politicians continue to disagree over a budget proposal for next year. Disappointing results from retail bellwethers Tesco and Sainsbury were also weighing on sen
Read moreTuesday broker round-up UPDATE
1st Oct 2013 09:35
African Minerals: Credit Suisse reduces target price from 350p to 280p and downgrades to neutral. British Land: Societe Generale cuts target price from 670p to 620p and downgrades to hold. Derwent London: Societe Generale reduces target price from 2610p to 2470p downgrading to hold. Faroe Petrole
Read moreHydrodec Chairman boost stake
9th Sep 2013 18:12
The Chairman of Hydrodec, Lord Moynihan, on Friday bumped up his stake in the oil re-refining group with the purchase of 455,000 shares. The purchase was made the same day that the company announced its acquisition of OSS. The business, which is the UK's largest collector, consolidator and proce
Read moreFriday tips round-up: British Land, easyJet, AG Barr
6th Sep 2013 07:51
Despite having fallen by almost 17 per cent since their May highs shares of British Land are not cheap nor is this the time to buy them, rather the opposite. That is, above all, because of the significant shift witnessed in some of the main pillars underpinning the British property market as credit
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