UBS Agrees Deal With Blackstone On New UK Headquarters - FT
1st Aug 2010 00:31
DOW JONES NEWSWIRES UBS AG (UBS) has agreed to a deal estimated at around GBP600 million to remain at a revamped Broadgate complex, owned by Blackstone (BX) and British Land Co. PLC (BLND.LN), in London, the Financial Times reported on its web site. An announcement is expected Monday, the repor
Read moreMARKET TALK: Goldman Sachs Upgrades British Land To Buy
16th Jul 2010 07:29
0629 GMT [Dow Jones] Goldman Sachs upgrades British Land (BLND.LN) to buy from neutral and raises price target to 514p from 500p. Says this reflects the benefits of its financing position. Shares closed Thursday at 449p. ([email protected]) Contact us in London. +44-20-7842-9464 Marketta
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jul 2010 07:29
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0629 GMT [Dow Jones] Goldman Sachs upgrades British Land (BLND.LN) to buy from neutral and raises price target to 514p from 5
Read moreFriday preview: Expect fireworks at British Land AGM
15th Jul 2010 16:54
It's the turn of British Land shareholders to rough up the bosses when they roll up for tomorrow's AGM at the Cumberland Hotel in Park Lane. Investors have already had a go at Marks & Spencer, Burberry and Sainsbury's this week, but the real estate giant faces perhaps the toughest showdown. Lord T
Read moreMonday newspaper round-up: Banks, Taylor Wimpey, Google
12th Jul 2010 06:42
A battle to break into Britain's crowded high street banking market is in the offing with an American private equity firm and a British consortium both gearing up for acquisitions. The New York-based JC Flowers is in talks to take control of Kent Reliance, a building society with only one branch. T
Read moreFTSE 100 movers: Investors pleased by BT deal
9th Jul 2010 15:31
Footsie is moving higher helped by good news from BT Group. BT Group is higher after it agreed a new pay deal with the Communications Workers Union. This removes the threat of a strike. CWU members will receive a 3% annual pay increase backdated to January 2010 and lasting until March 2013. Citig
Read moreWiseman chairman sells
2nd Jul 2010 17:17
Alan Wiseman, the chairman of Robert Wiseman Dairies, has raised £3m from a share sale. Wiseman sold 615,000 shares at 491.5p each. He still owns 15.2% of the Scottish dairy group. In June, Robert Wiseman completed the repurchase of capital equipment and vehicles that were the subject of a sale
Read moreMARKET TALK: Budget Could Stall Mid/Small Cap Outperformance
16th Jun 2010 10:56
0956 GMT [Dow Jones] Next week's UK budget could mark the end of the outperformance of mid and small-cap stocks, due to their generally higher exposure to government contracts, says Deutsche Bank. Suggests the IT services sector, newspapers, defense stocks and housebuilders could continue to struggl
Read moreBanks Still Aim To Cut UK Property Loans But See No Sales Soon
9th Jun 2010 16:24
By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--While U.K. banks are still seeking to reduce their commercial property loan books, industry experts aren't holding their breath for waves of property disposals and urged potential buyers to be patient. Speaking at Savills PLC's (
Read moreFTSE 100 movers: National Grid leads index lower
20th May 2010 15:39
The slump in Footsie is so complete that there are no constituents whose share price has risen today. The best performer is British Land, whose share price is 0.25% lower. The rights issue announcement from National Grid has knocked its share price. The two-for-five rights issue at 335p a share
Read moreBroker tips: Prudential, British Land, Tomkins
18th May 2010 12:11
Prudential launched its delayed £14.5bn rights issue yesterday, but needs a huge PR drive to convince shareholders' the cash call to fund its purchase of AIA Group is worth backing. The insurer must win the support of 75% of shareholders at its General Meeting on 7 June which can "in no way can be
Read moreLondon midday: Decent morning for Footsie
18th May 2010 12:10
Footsie has made decent progress this morning helped by gains for utilities and the non-bank and insurance bits of the finance sector. Man Group is the best performer on reflection of yesterday's deal to buy GLG for $1.6bn. Inter-dealer broker ICAP is also in demand, while mezzanine finance lende
Read moreLondon open: Bright start for Footsie
18th May 2010 09:02
Footsie has made good progress in early dealing with miners rallying and some decent results this morning. Mobile giant Vodafone expects to see revenues in its core business grow again in the current year after recent declines with a promise of dividend growth of at least 7% for the next three year
Read moreBroker snap: British Land is 'excellent proposition'
18th May 2010 08:56
Full-year results from real estate big hitter British Land impressed Panmure Gordon enough to call it "excellent investment proposition at current levels". The broker repeated 'buy' advice after the company reported earnings per share (EPS) of 28.4p, a dividend (DPS) of 26p, and net asset value (NA
Read moreLondon pre-open: Shares to move higher
18th May 2010 07:40
Footsie is expected to move ahead following an improvement on Wall Street following the close here yesterday Mobile giant Vodafone expects to see revenues in its core business grow again in the current year after recent declines with a promise of dividend growth of at least 7% for the next three ye
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