London open: Miners track metals prices higher
29th Jun 2011 08:44
The Footsie opened strongly on the back of decent gains from the miners, as metals prices headed higher. Antofagasta, Xstrata and Vedanta Resources were among the top risers early on. Tate & Lyle, the food ingredients giant, fell lower, extending losses from yesterday after RBS cut its rating on t
Read moreBritish Land buys Maidenhead property for £74m
29th Jun 2011 07:35
Property group British Land has acquired a prime Maidenhead property for £74m. The 198,000-square foot Grenfell Island property comprises of office space and leisure accomodation in an adjoining building anchored by an Odeon cinema and health club. "Maidenhead is considered to be one of the strong
Read moreTuesday tips round-up: Wolfson, Cohort, British Land
28th Jun 2011 06:28
Chip group Wolfson Microelectronics said, ahead of the interim figures on July 25, that second-quarter revenues would be at the bottom end of forecasts of $37m (£23m) to $39m and that revenues would grow during 2011 by 10% to 20%, against earlier market forecasts of about 30%. Various unnamed custom
Read moreMonday newspaper round-up: Vodafone, Bank of England, BSkyB, cotton surge
27th Jun 2011 06:44
Vodafone is set to raise £1bn this week by quitting Poland's second-largest mobile phone network as part of a retreat from countries where it does not have outright control. Vodafone owns nearly 25% of Polkomtel, and its co-owners ? which include a state-owned copper miner, oil refiner and coal expo
Read moreLondon close: Glencore drags Footsie 1% lower
15th Jun 2011 16:39
The blue chip index slipped further into the red on the back of a poor start on Wall Street as economic data disappointed. US May consumer price index came in ahead of forecasts, rising 0.2%. While the Federal Reserve Bank of New York manufacturing sector index fell to a reading of -7.79, from 11.9
Read moreSector movers: Real estate stocks up, British Land higher
15th Jun 2011 15:07
British Land is lifting the real estate investment trust sector higher after the government's decision not to list the Broadgate office development in the City of London. English Heritage had argued the current buildings, clustered around Liverpool Street Station, were important examples of mid-eig
Read moreFTSE 100 movers: Glenore dismisses rumours, shares drop
15th Jun 2011 14:08
Glencore is the worst performing stock on the blue chip index as of Wednesday afternoon. In a brief statement in response to press speculation, the commodities trader stated that it is not actively considering an offer for Kazakh mining company Eurasian Natural Resources Corporation (ENRC). The offi
Read moreLondon midday: Stocks bounce back
15th Jun 2011 12:10
The top share index headed back towards positive territory late in the morning after an earlier weak spell. Among the stocks moving higher is the property group British Land which is celebrating the government's decision not to list the Broadgate office development in the City of London. The compan
Read moreBritish Land bulldozers given green light
15th Jun 2011 11:45
British Land, the FTSE 100 Real Estate Investment Trust, has welcomed the government's decision not to list the Broadgate office development in the City of London. The company can now go ahead with its planned £850m redevelopment of the site on behalf of its tenant, the Swiss financial services gro
Read moreLondon close: Stocks slump as euro debt worries continue
23rd May 2011 16:51
The top share index was nursing triple-digit losses by the close of play as the eurozone debt crisis continued to rumble on. The spotlight has turned to Italy, with the ratings agency Standard & Poors changing its stance on the Mediterranean country to "negative" from "stable." The situation is of
Read moreBroker tips: British Land, ICAP, Umeco
23rd May 2011 12:52
Peel Hunt has issued property firm British Land with a downgrade, from 'buy' to 'hold', saying that its final results - while "commendable" - were lower than expected. "Unlike leader peer Land Securities, British Land has a broader UK exposure to commercial property and is less endowed to special s
Read moreBroker snap: British Land downgraded after full-year results
23rd May 2011 12:38
Peel Hunt has issued property firm British Land with a downgrade, from 'buy' to 'hold', saying that its final results - while "commendable" - were lower than expected. "Unlike leader peer Land Securities, British Land has a broader UK exposure to commercial property and is less endowed to special s
Read moreLondon midday: Stocks slump on euro worries
23rd May 2011 12:04
Stocks are firmly in the red as the eurozone crisis continues to drag on. The spotlight has turned to Italy, with the ratings agency Standard & Poors changing its stance on the Mediterranean country to "negative" from "stable." The situation is of global concern and metals prices have taken a knoc
Read moreLondon open: Stocks dive as euro worries drag on
23rd May 2011 08:30
Continuing worries over the Eurozone debt crisis are casting a shadow over trading this morning, helping send stocks sharply lower. The spotlight has turned to Italy, with the ratings agency Standard & Poors changing its stance on the Mediterranean country to "negative" from "stable." The situatio
Read moreLondon pre-open: Stocks find reverse gear
23rd May 2011 07:39
Most of London's leading stocks are set to head south at the outset, with City traders expecting the top-shares index to dive 56 points from Friday's close of 5,948. Property group British Land reported continuing strong demand for its retail and office properties in spite of economic weakness as i
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