London offices boost British Land
4th Aug 2011 07:53
A £1.1bn office development programme in London that includes the "Cheese Grater" tower currently being built at Leadenhall Street, helped drive property giant British Land's valuations higher in the first quarter. Underlying pre-tax profits in the first quarter were up by 1.6% from the same period
Read moreLondon close: BSkyB leads slide after US jobs disappointment
8th Jul 2011 16:49
Stocks finished firmly in the red after disappointing jobs data from the US, with satellite broadcaster BSkyB leading the slide as the fallout from the News of the World phone hacking scandal continues. Newspaper group News Corporation, which hopes to take over the 60% of BSkyB it doesn't already o
Read moreFTSE 100 movers: BSkyB drops over takeover worries
8th Jul 2011 14:38
Satellite broadcaster BSkyB is unsurprisingly at the bottom of the pile. The recent turmoil at Rupert Murdoch's News International, which has closed down its Sunday tabloid the News of the World, has sparked fears concerning a delay, or worse, of its proposed takeover of the satellite broadcaster.
Read moreLondon midday: BSkyB drags FTSE 100 lower
8th Jul 2011 12:07
The top share index is oscillating between gains and losses, with satellite broadcaster BSkyB the heaviest faller after the fallout from the turmoil at its suitor News International. News Corporation, which hopes to take over the 60% of BSkyB it doesn't already own, last night dramatically announc
Read moreLondon open: Financials lead gains
8th Jul 2011 08:40
Financial stocks were leading the risers on Friday morning, as the Footsie built on gains made on Thursday. Banking peers Barclays, Lloyds and RBS were among the best performers. Following suit were insurers Old Mutual, Aviva, Resolution, Prudential and RSA Insurance. Both Hammerson and British La
Read moreLondon pre-open: Firm start foreseen
8th Jul 2011 07:41
There has been a small flurry of activity from property groups, making Friday morning a bit more action packed than normal. Both Hammerson and British Land have announced deals. Property company British Land is to buy a portfolio of 17 freehold and leasehold racket clubs from French bank Societe Ge
Read moreBritish Land moves in on sports club racket
8th Jul 2011 07:09
Property company British Land is to buy a portfolio of freehold and leasehold racket clubs from French bank Societe Generale. British Land is paying £179m for 17 premium racket clubs, almost half of which are located within London's M25 orbital motorway. The clubs will be let on new 25-year leases
Read moreLondon close: FTSE 100 back above 6,000
4th Jul 2011 16:56
The top share index finished well clear of the 6,000 point mark as the rally following the Greek parliament's vote in favour of austerity measures continued. Property group British Land was among the top risers. Panmure Gordon has been casting its eye over the company and notes that it offers "an a
Read moreBroker snap: Deutsche sees considerable rise in British Land
4th Jul 2011 16:49
Analysts at Deutsche Bank this morning issued a research note in which they recommend buying shares of property group British Land given that they expect the company, "to benefit from a continuation in the current cyclical upswing in UK commercial property values," which will see its share price app
Read moreFTSE 100 movers: Cairn not home and dry yet
4th Jul 2011 15:55
Real estate investment trusts are wanted, led by British Land, which is higher on the back of a "buy" recommendation from Deutsche Bank. The German bank thinks British land is set for a surge in the growth of it net asset value (NAV). Broker Killik has also pitched in with an upbeat note on the se
Read moreSector movers: S&P spectre haunting banks
4th Jul 2011 15:11
The Footsie is nestling comfortably above 6,000 but its advance is no thanks to the banks, which are friendless on a resurgence of worries about Greece. Fears that the credit ratings agencies will regard the latest rescue plan for Greece as a default in all but name is putting the wind up holders o
Read moreFTSE 100 movers: Lloyds jumps 9% to lead the risers
30th Jun 2011 14:02
Lloyds was the high riser of the day, gaining nearly 9% as of 14:00 on Thursday afternoon, after revealing the details of its strategic review. The group is aiming to shed a further 15,000 jobs and cut its presence in foreign markets by half. Other notable aims include an investment programme in n
Read moreBritish Land buys in the heart of London
30th Jun 2011 08:15
Property group British Land has spent £57m buying Wardrobe Court in central London. Wardrobe Court is an 18th century square made up mostly of serviced apartments located within minutes of St Paul's Cathedral. British Land will receive an initial return of 4.7% from the current tenants but it is c
Read moreLondon close: Big gains after Greek vote
29th Jun 2011 17:02
Stocks finished with hefty gains after the Greek parliament voted to pass austerity measures. The vote had been widely expected, but nevertheless prompted a large sigh of relief from investors. In stocks news, most excitement was in the FTSE 250, with Charter International now the top riser the en
Read moreLondon midday: More gains as Melrose approaches Charter
29th Jun 2011 12:14
Stocks are posting big gains as investors pin their hopes on the Greek parliament voting in favour of austerity measures later today. Most excitement is in the FTSE 250, with Charter International now the top riser the engineer Melrose said it had approached its rival about making a 780p offer yest
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