British Land net assets leap 27%
18th May 2010 07:03
British Land had a "good" year despite the challenging and volatile markets, lifting net asset value (NAV) by 27%, more than many analysts had predicted. The real estate giant revealed net asset value per share at 31 March 2010 was 504p, while the portfolio valuation grew 13.5%, reflecting a great
Read moreTuesday preview: Vodafone, British Land, Yell, Britvic, Dairy Crest
17th May 2010 16:17
The recent strength of the US dollar against sterling has prompted upgrades its earnings forecasts for mobile phone giant Vodafone recently, But brokers are still concerned about mature markets in Europe, falling market share, and the prospects of a US slowdown. There is the prospect of Vodafone get
Read moreLondon close: Miners lead Footsie slide
4th May 2010 16:37
Footsie ended the day deep in the red after a poor start on Wall Street added to already heavy losses in London. The mining sector bore the brunt of the selling. BHP Billiton and Xstrata were initially among the worst fallers after they reacted angrily to the Australian government's plans to introd
Read moreLondon afternoon: Inmarsat bid spec a bright spot
4th May 2010 14:07
Footsie carried on falling over the lunch time session with sentiment taking a further knock from expectations of a lower start on Wall Street. BP is down heavily as the oil leak in the Gulf of Mexico shows no sign of abating. It has denied responsibility for the rig explosion that caused the prob
Read moreLondon midday: BP and miners drag index down
4th May 2010 11:55
Oil and mining stocks have pulled down Footsie this morning with hefty losses for the heavyweights in both sectors. BP is down heavily as the oil leak in the Gulf of Mexico shows no sign of abating. It has denied responsibility for the rig explosion that caused the problems, but expects to meet the
Read moreLondon open: BP drags market lower
4th May 2010 08:47
London has fallen in early dealings with resources stocks under pressure from the Gulf of Mexico disaster and a new Australian tax. BP is down heavily following falls on Wall Street yesterday. It has denied responsibility for the rig explosion that caused the problems, but expects to meet the clean
Read moreLondon pre-open: Flat start to week
4th May 2010 07:36
London is expected to open little changed Tuesday as investors analyse details of the bail-out package for Greece agreed at the weekend. The Greeks will receive a €110bn loan package over three years, with €80bn of that coming from the EU and the rest from the International Monetary Fund. In return
Read moreBritish Land confirms Broadgate revamp
4th May 2010 07:04
British Land and private equity giant Blackstone have confirmed plans for a major revamp of Broadgate, the huge office complex in the heart of the City of London, which will see new offices built for Swiss bank UBS. In today's statement, British land and Blackstone's joint venture BlueButton said i
Read moreSunday newspaper round-up: BP, Prudential, Goldman Sachs
2nd May 2010 10:43
President Barack Obama will visit the Gulf of Mexico coastline threatened by the giant oil spill, as experts warn that the spill from a ruptured oil rig might be growing five times faster than previously estimated. The oil is gushing from BP's sunker Deepwater Horizon rig at 25,000 barrels a day a
Read moreLondon close: Markets dive
16th Apr 2010 16:21
Along with other global markets, London's benchmark was sideswiped by news that Goldman Sachs has been charged with fraud on subprime mortgages by the US Securities and Exchange Commission. Stocks nosedived around 70 points in the final hour of trading as the news emerged. The banking sector had be
Read moreLondon afternoon: Footsie slips back
16th Apr 2010 14:35
Footsie has drifted back a little with miners among the stocks dragging on the leading share index. Cambridge-based enterprise software giant Autonomy is the heaviest faller in the FTSE 100 though. It said its first quarter results should be in line with the market's expectations. Xstrata is the h
Read moreLondon midday: No broker boost for FTSE 100
16th Apr 2010 12:08
Buoyancy among stocks that have received favourable broker coverage has failed to lift Footsie. RBS is going well after BofA Merrill Lynch raised its target price on the bank to 65p from 45p, highlighting its potential to benefit from economic recovery. 'We still believe RBS is one of most geared
Read moreFTSE 100 movers: Banks push Footsie up
16th Apr 2010 10:07
London's leading shares have moved into the blue thanks to good performance from the banking sector. Royal Bank of Scotland is leading after broker BofA Merrill Lynch said the bank could benefit from the economic recovery. Merrill raised its 12-month price target for the shares to 65p from 45p. Llo
Read moreLondon open: Footsie starts lower
16th Apr 2010 08:18
Footsie has fallen back in early dealings Friday morning but is so far still trading above the 5,800 point mark. Temporary power and heating specialist Aggreko is the worst performer after it said it performed in line with expectations in the first quarter of the year, with healthy revenue rises fr
Read moreLondon pre-open: Footsie to slip back
16th Apr 2010 07:35
Footsie is expected to slip back towards the 5,800 point mark in early dealings, continuing its uncertain performance this week. The Office of Fair Trading has fined Imperial Tobacco £112.3m after a seven-year investigation into alleged price fixing. Fund manager Hargreaves Lansdown said it has ha
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