London pre-open: Footsie to continue climbing
8th Sep 2011 07:14
Having climbed back above 5,300 yesterday the Footsie is set to rise further at the outset after Wall Street put in a good shift last night. City sources predict the FTSE 100 will open 22 points up from yesterday's close of 5,319. Supermarket chain Morrisons' focus on value helped it post sales and
Read moreStrong demand for British Land bond issue
8th Sep 2011 07:06
British Land, the FTSE 100 real estate investment trust, has managed to raise $480m in a bond issue, after increasing the size of the issue because of strong demand. The US placing, originally launched at $200m, was three times oversubscribed. The range of maturities in the bond issue is between 7
Read moreLondon close: Strong finish to bad month
31st Aug 2011 16:39
The top share index finished the worst month since the financial crisis broke out in late 2008 with strong gains as strong economic data in the US whetted investors' appetite for battered shares. The purchasing managers' index, which measures industrial sentiment for the Chicago area, came in ahead
Read moreBroker tips: British Land, Land Securities, Computacenter...
31st Aug 2011 12:58
Assuming negative net asset value (NAV) growth in the UK in the next 12 months, Morgan Stanley has downgraded real estate investment trust (REIT) peers British Land and Land Securities from overweight to underweight, causing shares to take a tumble on Wednesday. "We think it is unlikely capital va
Read moreBroker snap: British Land, Land Sec tumble after Morgan Stanley downgrade
31st Aug 2011 12:31
Assuming negative net asset value (NAV) growth in the UK in the next 12 months, Morgan Stanley has downgraded real estate investment trust (REIT) peers British Land and Land Securities from overweight to underweight, causing shares to take a tumble on Wednesday. "We think it is unlikely capital val
Read moreLondon midday: Smith & Nephew leads rally
31st Aug 2011 12:01
Shares have built on their earlier gains, though the rally is unlikely to be enough to prevent the biggest monthly fall since the beginning of the financial crisis in 2008. Among today's big gainers is bid rumour-mongers' favourite Smith & Nephew. Latest talk has it that peer Stryker could be inter
Read moreFTSE 100 Movers: Reheated bid rumours boost Smith & Nephew
31st Aug 2011 10:44
Shares in replacement hip manufacturer Smith & Nephew moved sharply higher on Wednesday amid renewed talk of a bid for the company. Shares in the company were higher yesterday and rose again today bringing them back to the levels at which they sat ahead of the recent market decline. Morgan Stanle
Read moreLondon open: Bwin, 888 lead the rise
31st Aug 2011 08:48
The Footsie edged higher in early trading on the back of a rally in New York last night after minutes from the last meeting of the Federal Reserve showed policymakers considered stimulus measures to kickstart the world's biggest economy. In London, online gaming firm bwin.party surged higher on the
Read moreCapital deputy chairman goes shopping
12th Aug 2011 16:25
Capital Shopping Centres (CSC) deputy chairman John Whittaker has opened his wallet, spending nearly £1m on shares in the owner of shopping centres including Manchester's Trafford Centre. He took 302,450 shares at 319p a time and now has 172m, more than 20% of the company. Whittaker is the chairm
Read moreLondon close: Footsie bounces after morning sell-off
9th Aug 2011 16:45
Following another steep decline in early trading, the Footsie clawed its way back, surging nearly 400 points since the mid-morning to finish 1.89% higher. The blue chip index closed up 96 points. All eyes are on the Federal Reserve's monetary policy meeting, with markets eagerly waiting to hear of
Read moreBroker tips: IHG, British Land, NWF
9th Aug 2011 12:55
Hotel chain operator InterContinental Hotels Group (IHG) has been oversold, according to Prime Markets, which has reiterated its buy recommendation on the stock. "[IHG] is currently a victim of the global stocks sell-off, but in our view this should not detract from a solid 6 months of results nor
Read moreBroker snap: UBS upgrades British Land to buy
9th Aug 2011 12:08
UBS upgraded property group British Land from neutral to buy on Monday, saying that the firm's strategy becomes more attractive in a "low growth and risk averse environment". While the first quarter was a "modest miss", the broker raised its earnings per share estimates by 1% driven by recent accre
Read moreSector movers: Burberry recovers to boost personal goods
5th Aug 2011 13:54
Iconic British luxury brand Burberry was among the highest risers on the FTSE 100 on Friday, lifting the personal goods sector to the top of the pile. Burberry's shares were trading 2.67% higher at 1,346p at 14.10pm, recovering after the recent sell-off over the past two weeks. On Monday 25 July, s
Read moreFTSE 100 Movers: Inmarsat recovers after yesterday's plunge
5th Aug 2011 13:15
Satellite operator Inmarsat was back on the up after its share price plunged yesterday following reports of a dismal outlook for its maritime sector, its core business. Commodity trading house Glencore followed suit after Citi analysts released a note saying that it was offering one of the best re
Read moreFriday tips round-up: Schroders, British Land, Fiderweb...
5th Aug 2011 06:44
It appears institutional investors are willing to trust Schroders to look after their money in turbulent times. The blue-chip and blue-blooded fund manager yesterday reported a rise in assets under management to £204.8bn, which was ahead of most analysts' forecasts and was helped by net new business
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