Sector movers: British Land drags REIT sector lower after placing plans
12th Mar 2013 14:37
The real estate investment trust (REIT) category was the worst performer of Tuesday's session as a sharp fall for heavyweight property group British Land weighed on the sector. The company revealed this morning that it has disposed of Ropemaker Place in London for £472m and would be undergoing a pl
Read moreLondon midday: Markets flat despite dismal UK production figures
12th Mar 2013 11:28
The FTSE 100 managed to hold on to recent gains on Tuesday morning as traders shrugged off some disappointing domestic economic figures. London's benchmark is continuing to hover around the 6,500 mark, a level not seen since late 2007 before the financial crisis sparked a sell-off in financial mark
Read moreLondon open: Footsie holding on to five-year highs
12th Mar 2013 09:05
The FTSE 100 opened in cautious manner on Tuesday morning as investors paused for breath after the index hit fresh five-year highs the day before. London's benchmark is now hovering around the 6,500 mark, a level not seen since late 2007 before the financial crisis sparked a sell-off in financial m
Read moreLondon pre-open: Stocks to dip on UK house price index decline
12th Mar 2013 07:29
City sources predict the FTSE 100 will open down seven points from yesterday's close of 6,504, knocked by news that the UK house price balance dropped to a seasonally adjusted -6 per cent in February, compared to expectations of a rise to -2 per cent (from -4 per cent in January). In the US stocks
Read moreBritish Land to raise 500m pounds to fund flow of opportunities
12th Mar 2013 07:25
UK real estate group British Land has announced its intention to raise half a billion pounds to fund 'attractive investment opportunities'. The company said it has had a strong track record of growing returns through accretive investment and development activity, and has completed £213m of acquisit
Read moreBritish Land sells Ropemaker Place
12th Mar 2013 07:08
Property group British Land has sold Ropemaker Place in London to an international consortium of investors for 472m pounds. The sale represents a net initial yield of 5.0% on the basis of an acquisition of the units in Ropemaker Place Unit Trust. British Land will receive net proceeds of £461m in
Read moreWednesday broker round-up UPDATE
6th Mar 2013 07:03
Advanced Medical Solutions: Investec takes target price from 68p to 74p and maintains a buy recommendation. Aggreko: Citigroup reduces target price from 2550p to 2100p, while keeping a buy rating. Ashtead Group: Citigroup raises target price from 590p to 660p leaving its buy recommendation unalter
Read moreMonday broker round-up UPDATE
25th Feb 2013 07:26
Afren: Canaccord Genuity increases target price from 160p to 200p and reiterates a buy recommendation. Antofagasta: Bank of America upgrades to buy with a target price of 1400p. Ashmore Group: Espirito Santo shifts target price from 364p to 368p and maintains a neutral rating. ASOS: Deutsche Bank
Read moreLondon midday: Stocks make gains on light volumes
11th Feb 2013 11:31
On a light day for economic data and trading volumes, the FTSE 100 was registering moderate gains by Monday lunchtime. Market strategist Ishaq Siddiqi from ETX Capital said that there was "a lack of direction from Asia overnight" with Japan's Nikkei and Hong Kong's Hang-Seng indices both closed for
Read moreLondon open: Markets lack direction early on
11th Feb 2013 08:37
The FTSE 100 opened flat on Monday morning with volumes thin as Asian markets close for the Lunar New Year holidays. Market strategist Ishaq Siddiqi from ETX Capital said that there was "a lack of direction from Asia overnight" with Japan's Nikkei and Hong Kong's Hang-Seng indices both closed. "At
Read moreBritish Land snaps up shopping centre in Ealing
11th Feb 2013 07:15
British Land has expanded its London portfolio with the purchase of a number of properties from Dutch real estate group Weraldhave, including the Ealing Broadway Shopping Centre. The acquired portfolio cost the FTSE 100 company £183.8m, with the Ealing retail asset being worth £142.5m alone. It ha
Read moreWednesday broker round-up - UPDATE
30th Jan 2013 07:03
Alternative Networks: Investec increases target price from 310p to 330p retaining a buy rating. Anglo American: Deutsche Bank takes price target from 2200p to 2260p, while its buy recommendation remains unchanged. Antofagasta: Bank of America reduces target price from 1500p to 1400p and downgrades
Read moreLondon midday: Markets cautious ahead of US data, earnings
29th Jan 2013 11:45
UK stocks were slightly lower by Tuesday lunchtime with markets pausing for a breather after hitting multi-year highs, as investors awaited economic data and corporate earnings in the US. So far in January, the FTSE 100 has risen nearly 400 points, representing a 6.6% jump. Stocks initially start
Read moreBroker tips: Barclays, British Land, Carpetright
29th Jan 2013 11:02
Ahead of Barclays's full-year results due on February 12th, UBS has raised its target price for the stock from 315p to 325p and kept its 'neutral' rating. The broker expects Barclays to report a full-year profit before tax (PBT) of £6,909m for 2012, slightly above the consensus estimate of £6,856m.
Read moreBroker snap: British Land well-positioned, says Panmure Gordon
29th Jan 2013 09:39
Panmure Gordon has raised its target price for real estate group British Land from 570p to 600p and retained its 'buy' rating following the company's third-quarter trading update. The broker labelled Tuesday's statement as "robust" with British Land saying it has performed well against a difficult
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