London open: Potential strike on Syria worries investors early on
4th Sep 2013 08:32
Stocks declined on Wednesday morning on concerns over an imminent Western military intervention in Syria, with investors also choosing to scale back positions ahead of a number of 'risk events' later on in the week. The Senate Foreign Relations Committee last night gave the green light on a US atta
Read moreLondon pre-open: Markets turn cautious ahead of busy end to the week
4th Sep 2013 07:27
Markets are expected to open broadly flat on Wednesday morning as heightened fears about imminent Western military intervention in Syria dampen risk appetite. City sources predict the FTSE 100 will open more or less unchanged from yesterday's close of 6,468.41. The Senate Foreign Relations Commi
Read moreBritish Land to acquire 50 per cent stake in Bath retail centre
4th Sep 2013 07:04
British Land is set to purchase 50 per cent of SouthGate in Bath after agreeing to pay current owner Multi Southgate 101m pounds for the new 430,000 sq ft, prime open air retail scheme located next to Bath Spa railway station. The scheme, which has 55 retail units, 14 leisure units, the largest ca
Read moreFTSE 100 movers: Tullow Oil rebounds as real estate stocks decline
3rd Sep 2013 16:25
Real estate stocks were among the worst performers on Tuesday after some gloomy comments from Deutsche Bank, which downgraded a collection of companies under its coverage. The German bank cut ratings for UK-listed property peers Land Securities, British Land, Great Portland Estates, Intu Properties
Read moreLondon close: Stocks dented by concerns over Syria, Fed taper
3rd Sep 2013 16:22
Markets were choppy on Tuesday as reports of two ballistic missiles being fired in the Eastern Mediterranean and heightened fears about the scaling back of US stimulus dented investor sentiment. While the launch was later confirmed as a missile test by Israeli forces training with the US Navy, the
Read moreSector movers: Real estate hit by Deutsche Bank downgrades
3rd Sep 2013 14:43
Real estate stocks were among the worst performers on Tuesday after some gloomy comments from Deutsche Bank, which downgraded a collection of companies under its coverage. The German bank cut ratings for UK-listed property peers Land Securities, British Land, Great Portland Estates, Intu Properties
Read moreLondon midday: Markets rattled by Mediterranean missile reports
3rd Sep 2013 11:35
After a positive start, markets had pared gains by midday with sentiment hit by reports of two ballistic 'objects' heading towards the East Mediterranean. Market Analyst Craig Erlam from Alpari said that traders became "instantly risk averse on fears that the US had initiated a military strike with
Read moreTuesday broker round-up
3rd Sep 2013 11:13
ASOS: Exane increases target price from 5000p to 6000p and keeps an outperform rating. Associated British Foods: Exane upgrades to outperform with a target price of 2400p. Balfour Beatty: Berenberg ups target price from 270p to 300p and retains its buy recommendation. Barclays: Berenberg takes ta
Read moreLondon open: Markets edge higher early on
3rd Sep 2013 08:31
Markets opened with small gains on Tuesday morning with stocks pausing for breath after a strong rise the day before. Stocks surged on Monday as traders took advantage of low volumes - with Wall Street closed for Labour Day - to push the London index up 1.5%. Better-than-expected manufacturing da
Read moreMonday broker round-up UPDATE
2nd Sep 2013 08:57
Berkeley Group: Panmure Gordon raises target price from 2046p to 2150p and reiterates a hold recommendation. Betfair: Panmure Gordon increases target price from 1000p to 1317p and maintains a buy recommendation. BHP Billiton: WH Ireland downgrades to neutral. British Land: Exane ups target price
Read moreWednesday broker round-up
28th Aug 2013 08:09
African Barrick Gold: Nomura takes target price from 155p to 250p and reiterates its buy recommendation. Antofagasta: Deutsche Bank cuts target price from 1050p to 1035p and retains a hold recommendation. JP Morgan reduces target price from 1005p to 975p, while its neutral rating remains unchanged.
Read moreLondon open: Stocks at six-week low as earnings disappoint
20th Aug 2013 08:21
Heavy falls from Wood Group, CRH and a host of miners were weighing on the FTSE 100 in early trading on Tuesday, pushing the index to levels not seen in over six weeks. London's benchmark index sunk by around 0.8% this morning, heading towards the 6,400 mark; the last time it closed lower was on Ju
Read moreSector movers: British Land leads real estate stocks lower
24th Jul 2013 15:11
British Land was providing a drag in the real estate investment sector on Wednesday despite saying it had made a 'good' start to the year. The share price was down 1.54% at 607.5p in afternoon trade as investors shrugged off the firm's upbeat comments about a steadily improving economy and signs of
Read moreBritish Land reports improved leasing activity
24th Jul 2013 07:50
British Land said it experienced encouraging levels of leasing activity in the quarter to June 30th, driven by demand for high quality space. The group achieved 462,000 sq ft of lettings and renewals and investment lettings, 4.0% ahead of estimated rental value (ERV). UK occupancy was at 96.6%, p
Read moreFriday broker round-up UPDATE
12th Jul 2013 08:11
Ashmore Group: Morgan Stanley cuts target price from 444p to 420p and leaves its equal-weight rating unchanged. JP Morgan ups target price from 339p to 377p maintaining a neutral rating. AstraZeneca: Jefferies reduces target price from 3560p to 3400p, while keeping its hold recommendation. Aviva:
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