Broker tips: British Land, Big Yellow, Winkworth
22nd Nov 2010 14:18
Long-term investment opportunities attract Panmure Gordon to real estate group British Land (BL), as the broker expects a potential acquisition to expand the group's strong portfolio of retail properties. Weekend press reports suggest that BL has agreed heads of terms to acquire the Drake Circus s
Read moreBroker snap: Acquisition speculation at British Land
22nd Nov 2010 12:11
Long-term investment opportunities attract Panmure Gordon to real estate group British Land (BL), as the broker expects a potential acquisition to expand the group's strong portfolio of retail properties. Weekend press reports suggest that BL has agreed heads of terms to acquire the Drake Circus sh
Read moreLondon close: Battering for miners and banks
16th Nov 2010 17:08
It was downhill almost all the way for Footsie in the afternoon session after the US opened sharply lower, with miners getting a real bashing on the prospect of a slow-down in the Chinese economy. No less an authority than star fund manager Anthony Bolton raised the prospect today, in the first set
Read moreLondon afternoon: Gloomy miners
16th Nov 2010 14:10
Footsie retreated further over the lunch time session with mining stocks largely responsible for the decline, as metal prices pull back on fears that China will act to cool down its economy in the interests of reining in inflation. Antofagasta, Kazakhymys, Fresnillo, Xstrata and Rio Tinto are t
Read moreBroker tips: British Land, Autonomy, JD Sports
16th Nov 2010 12:56
Despite trimming full year net asset value estimates KBC Peel Hunt retains a 'buy' for real estate group British Land. The property group's valuation increase in the first half was 2.6%, driven principally by office lettings with only a "modest contribution from yield compression". The 0.7 percent
Read moreBroker snap: Not much to separate two property giants
16th Nov 2010 12:28
Despite trimming full year net asset value estimates KBC Peel Hunt retains a 'buy' for real estate group British Land. The property group's valuation increase in the first half was 2.6%, driven principally by office lettings with only a "modest contribution from yield compression". The 0.7 percent
Read moreLondon midday: Battering for blue chips
16th Nov 2010 12:16
Footsie is deep in the mire after the late swoon on Wall Street last night and concerns over the health of the entire eurozone. Miners have tanked with metals prices, while banks are still edgy over the sovereign debt situation in Ireland. Kazakhymys, Fresnillo, Xstrata, Anglo American and Antofa
Read moreBritish Land occupancy rates improve
16th Nov 2010 07:28
Big employers looking for swanky new offices in central London have pushed occupancy rates at real estate giant British Land higher during the first half and net asset value is up over 4%. The company, which recently revived its "Cheesegrater" project in the City and has signed up UBS for its Bisho
Read moreLondon close: Miners keep Footsie in the blue
25th Oct 2010 17:04
Were it not for the strength of miners today Footsie would undoubtedly have ended in the red, as many share prices experienced a late swoon. Miners were wanted on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adhered to, bring an end
Read moreLondon afternoon: Miners retain most of their gains
25th Oct 2010 14:28
London has lost some of its gains in the early afternoon but it is showing signs of a renewed upturn. Miners remain the best performers on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adhered to, bring an end to so-called currency w
Read moreLondon midday: Banks miss out
25th Oct 2010 12:05
Having got off to a flying start London spent the mid-morning period slowly relinquishing its gains before regaining impetus just before midday. Miners continue to lead the advance on expectations that the US dollar will suffer a relapse after the G20 agreement over the week-end that should, if adh
Read moreLondon open: Currency issues lift miners
25th Oct 2010 08:48
Blue chip rose sharply as the softer dollar lifted commodity prices higher. Most Asian markets did well as the G20 economic powerhouses promised to work together to avoid "competitive devaluation" of currencies. That has been interpreted as a signal for the dollar to slide further, which has encou
Read moreBritish Land JV revives 'Cheesegrater' project
25th Oct 2010 07:46
British Land has struck a deal with Oxford Properties, the real-estate arm of Ontario Municipal Employees Retirement System (Omers) pension fund, to build the Leadenhall Building in the City of London. The 50:50 joint venture with the Canadians resurrects the ambitious 47 storey tower, popularly re
Read moreLondon close: US spurs Footsie recovery
8th Sep 2010 16:36
Footsie put its weak start behind it to close with good gains, helped by buoyant trading on Wall Street. US shares recovered from losses yesterday that snapped a recent winning streak. Among the risers here was ARM Holdings. UBS has issued a downbeat assessment of the European semiconductor mark
Read moreLondon afternoon: ARM in line for Samsung boost
8th Sep 2010 14:28
Footsie emerged from the lunch-time session nursing a small gain, with the majority of the blue-chip index's constituents in positive territory. Chief among them was chip designer ARM Holdings. UBS has issued a downbeat assessment of the European semiconductor market but it has made an exception o
Read more