Monday broker round-up
21st May 2012 09:23
Aegis: Macquarie downgrades from neutral to underperform. British Land: Investec keeps buy rating and 540p target. BTG: Jefferies reiterates buy rating and 410p target. Informa: Investec maintains buy recommendation and 495p target. ITE Group: Investec keeps buy rating and 260p target. Kingfish
Read moreLondon pre-open: Quiet start expected
21st May 2012 07:52
City sources predict the FTSE 100 will open little changed, as the market awaits more developments in the Eurozone. Real estate investment trust British Land increased underlying profit before tax by 5.1% to £269m in the year to the end of March. Net asset value per share was up 4.9% to 595p. "We
Read moreBritish Land grows NAV despite euro headwinds
21st May 2012 07:04
British Land, the real estate investment trust, says it has overcome Eurozone headwinds to produce profits ahead of expectations and net asset value (NAV) growth. In the 12 months to the end of March the British Land NAV grew 4.9% to £5.1bn, or 595p per share, while the total portfolio value gained
Read moreFriday broker round-up
4th May 2012 09:21
AstraZeneca: UBS raises target from 3,400p to 3,500p, buy rating unchanged. BG Group: Nomura cuts target from 1,950p to 1,850p, buy rating kept. British Land: Jefferies upgrades British Land from hold to buy, targetupped from 517p to 543p. Dairy Crest: Jefferies initiates coverage with a buy reco
Read moreDebenhams asks British Land for more office space
1st May 2012 07:37
British Land said that department store chain Debenhams is to take additional office space at the property group's Regent's Place development in north-west London. Debenhams, which is moving its head office, has agreed to pre-let a further 29,500 square feet (sq. ft) of office space at 10 Brock Str
Read moreLondon close: Footsie finishes week strongly, Man Group soars
27th Apr 2012 16:22
- Footsie finishes up five points on the week - Stocks rise despite US GDP data, Spanish downgrade - Man Group jumped 14% after upgrade Following a steep sell-off on Monday, a four-day rise for blue-chip stocks saw the FTSE 100 finish slightly above levels seen last week with financials leading the
Read moreFTSE 100 movers: Man Group leads the way after upgrade
27th Apr 2012 15:24
Hedge fund manager Man Group became the highest riser after Societe Generale upgraded its rating on the stock from hold to buy. Earlier this week Swiss bank UBS suggested the hedge fund operator could be a takeover target as its shares have more than halved over the last year, and are down by a quar
Read moreLondon midday: Stocks rise as markets await US GDP data
27th Apr 2012 11:56
- US futures flat ahead of GDP data - UK investors shrug off Spanish downgrade - Man, CRH, British Land rise after upgrades The Footsie was trading firmly higher on Friday morning as investors shrugged off a downgrade for Spain and some disappointing UK economic data. US stock futures were pointi
Read moreFriday broker round-up - UPDATE
27th Apr 2012 09:21
AstraZeneca: Credit Suisse maintains underperform rating and 2,600p target. ASOS: HSBC upgrades from neutral to overweight, target cut from 1,900p to 1,780p. Barclays: Nomura reiterates neutral recommendation and 268p target. British American Tobacco: Jefferies maintains buy recommendation and 3,
Read moreBritish Land makes packet from Virgin racquet clubs sale
23rd Apr 2012 07:24
British Land, the FTSE 100 real estate investment trust, is to reduce its exposure to the health club racket with the sale of five of clubs in the Virgin Active estate. The sale price of £33m to three institutional buyers represents an average net initial yield of 6.5%. British Land first became
Read moreLondon midday: Stocks rise as eyes turn to Eurozone meeting
30th Mar 2012 11:42
- Investors keep a close eye on meeting in Copenhagen - Eurozone inflation falls but still high - Miners lead the rise by lunchtime The Footsie was making decent gains by Friday lunchtime, snapping a three-day losing streak, as Eurozone ministers meet in Copenhagen to discuss a potential increase i
Read moreLondon open: Stocks rise ahead of Eurozone meeting
30th Mar 2012 08:33
- Footsie up before finance ministers meet - Greek PM doesn't rule out third bailout - Miners rise strongly after recent fall London's blue chips started strongly on Friday following a three-day decline for the FTSE 100, with miners leading the way tracking metals prices higher. Eyes are on the E
Read moreBritish Land offshoot refinances
30th Mar 2012 07:16
The Gibraltar Limited Partnership, a joint venture in which property group British Land has a stake, has agreed a new five-year loan facility. The new £150m loan will be used to repay the existing debt finance, which would have matured in July 2012. The all-in rate on the loan is described as "sign
Read moreLondon close: Stocks slump on global manufacturing data
22nd Mar 2012 16:57
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks After a steep fall early on, London's blue chips traded broadly sideways for the remainder of the day as gloomy economic data weighed on senti
Read moreLondon midday: Macro data weighs on stocks
22nd Mar 2012 11:43
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks The Footsie was firmly lower by lunchtime as a result of heavy losses in the mining sector on the back of some gloomy economic data from China.
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