London midday: BP spreads the blame
8th Sep 2010 12:00
It's back to square one for London with the Footsie virtually unchanged at the end of the morning session after early losses were wiped out. News that the US markets look set to open firmer after yesterday's triple-digit fall for the Dow has bolstered confidence this side of the pond. BP edged high
Read moreLondon open: Dull start for blue chips
8th Sep 2010 08:45
Last night's triple-digit drop on Wall Street and further losses in Asia meant a poor start in London. US stocks fell on concerns about the European bank stress tests. Property groups are the best performers with Land Securities, Hammerson and British Land all rising strongly. A potential politic
Read moreLondon close: Rally falls short
4th Aug 2010 16:50
The FTSE 100 briefly made it into positive territory in the afternoon session but that only lured out more sellers and the blue-chip index closed slightly down on the day. Shares in Next remained in the doghouse all day, not so much because of the performance in the first half of its financial yea
Read moreLondon midday: Stocks start to recover
4th Aug 2010 12:08
Leading share prices have come off the bottom but the FTSE 100 remains in arrears, following mixed news on the corporate front. Shares in Next are sharply lower. The fashion retailer has noticed a 'cooling' in consumers' demand in recent months, but still expects profits this year to rise by betwee
Read moreBritish Land sees property levelling off
4th Aug 2010 08:00
The recovery in property values has slowed in recent months, British Land said today, though investment for prime office and retail properties remains strong. Rental growth in the London office market has been good in the last six months and should continue at a more modest rate with lower levels
Read moreLondon close: Footsie soars as earnings impress
2nd Aug 2010 16:51
Footsie posted triple-digit gains as strong earnings here and elsewhere cheered investors. HSBC gave the banking sector a lift. The global banking giant's pre-tax profit more than doubled to $11.1bn on a reported basis, while underlying pre-tax profit rose by 30% to $9.6bn/ Loan impairment charges
Read moreLondon afternoon: Triple digit rise for Footsie
2nd Aug 2010 14:20
The Footsie is sitting on a triple-digit gain though the benchmark index has largely traded sideways since 9:30 this morning when the purchasing managers index (PMI) for UK manufacturing was released. The index showed that activity in British factories grew at a slower pace in July, but the decli
Read moreUPDATE: British Land, Blackstone To Build London HQ For UBS
2nd Aug 2010 13:02
(Adds detail.) By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K.'s second largest landlord and developer, British Land Co. PLC (BLND.LN), and private-equity firm Blackstone Group LP Monday confirmed they will develop a new London headquarters for Swiss bank UBS AG (UBS
Read moreLondon midday: Banks set the pace
2nd Aug 2010 12:14
Banking shares drove London higher in the morning session after better than expected figures from global banking giant HSBC. HSBC's pre-tax profit more than doubled to $11.1bn on a reported basis, while underlying pre-tax profit rose by 30% to $9.6bn/ Loan impairment charges and other credit risk
Read moreBritish Land, Blackstone JV To Develop London Building For UBS
2nd Aug 2010 10:56
By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K.'s second largest landlord and developer, British Land Co. PLC (BLND.LN), and its private equity partner Blackstone Group LP Monday confirmed they will develop a new London headquarters for Swiss bank UBS AG (UBSN.VX). Th
Read moreLondon open: Strong start for Footsie
2nd Aug 2010 08:53
Banks and miners are in favour this morning, helping Footsie make a bright start. The banks' interim results season kicks off later today with HSBC's first half figures and predictions at the weekend were for strong numbers across the sector. Lloyds, Barclays and Royal Bank of Scotland are all hig
Read moreLondon pre-open: Heading higher
2nd Aug 2010 07:29
A late recovery on Wall Street Friday helped the Dow Jones erase losses, paving the way for a decent start to the week in London. Futures prices currently indicate a 50-point rally for the FTSE 100 in early deals. In company news, property group Hammerson reported a 7% rise in half year profit as
Read moreBritish Land JV To Develop New Broadgate Site For UBS >BLND.LN
2nd Aug 2010 07:16
LONDON (Dow Jones)--British Land Company PLC (BLND.LN) and Blackstone Group said Monday their joint venture company, Bluebutton Properties, has signed an agreement for leases with UBS AG (UBSN.VX) to develop a new 700,000 sq ft building on the Broadgate Estate. MAIN FACTS: -A new 700,000 sq
Read moreBritish Land re-signs UBS for Broadgate
2nd Aug 2010 07:11
British Land and Blackstone Group have signed leases with Swiss bank UBS to develop a new 700,000 sq ft building on the site of 4 and 6 Broadgate, in the City of London. The new building represents a significant commitment by UBS to the City and Broadgate in particular, British Land said. UBS is c
Read moreMonday newspaper round-up: Banks, BP, British Land
2nd Aug 2010 06:39
The new chairman of the powerful Commons Treasury Select Committee has stepped into the escalating row over loans to small business, telling ministers to stop threatening the banks. Andrew Tyrie, the Conservative MP for Chichester, issued the warning as the high street banks braced themselves for f
Read more