British Land sees improving trends
17th Nov 2009 07:31
Real estate giant British Land reported continuing declines in rental income, pre-tax profits and its portfolio valuation in the six months to September 30, but said it was seeing more positive trends in recent months. During the half year period, net rental income fell to £291m from £317m over the
Read moreTuesday preview: British Land, easyJet, ICAP, inflation
16th Nov 2009 17:14
Bid speculation regarding British Land has faded since the company offloaded a half-share in its Broadgate property assets in the City of London back in September, which means the attention will be back on the property giant's performance and future strategy. Broker Charles Stanley expects British
Read moreLondon close: Good end to the day and week
13th Nov 2009 16:44
London headed into the weekend in an upbeat mood as Wall Street started the day strongly and investors took a shine to property giants as the close neared. British Land, shopping centre owner Liberty and Hammerson finished in the top five risers by the end of the day. A modest rally in the dollar
Read moreLondon afternoon: Footsie flat
13th Nov 2009 14:54
Stocks are trading little changed as weak miners cancel optimism elsewhere. A modest rally in the dollar has caused traders to pocket profits ahead of the weekend. ENRC, Vedanta, Xstrata and Antofagasta have fallen. British Airways has turned tail as the market assesses terms of its proposed merg
Read moreWeek ahead: Property stocks, ICAP, Lonmin, Capita
13th Nov 2009 12:02
Property companies come into focus next week, with British Land and Land Securities releasing interim figures. Broker Charles Stanley expects British Land which recently announced the part disposal of its Broadgate property assets in the City of London, to report a relatively cheery outlook statem
Read moreIndustry veterans join British Land board
4th Nov 2009 07:47
Real estate investment trust British Land has beefed up its board with the appointment of two new executive directors. Stephen Smith is joining as chief investment officer, while Charles Maudsley is on board as executive director with responsibility for business expansion. Smith is currently Globa
Read moreLondon close: Miners fire Footsie higher
2nd Nov 2009 16:23
Miners dominated London's top ten risers, offsetting weakness among financials, while promising US manufacturing data encouraged buyers over here. Randgold Resources was top of the pile as the price of gold topped $1,060 an ounce. It's also keen to bring the renamed Kibali mine into production as s
Read moreLondon close: Oil fired Footsie
19th Oct 2009 17:10
Boosted by a bright start on Wall Street equities finished the day with a flourish in London with the FTSE 100 index close to racking up a triple digit gain. Energy stocks saw some late interest as the price of oil moved higher. At midday in New York the price of the most widely traded oil futures
Read moreSector movers: Broker boosts property stocks
19th Oct 2009 14:55
Real estate stocks are going well after a cheery note on the sector from the broker Evolution Securities. British Land, Liberty International and Segro, all of which have been upgraded by Evolution, are posting good gains. The life insurance sector is in the red, with Aviva the heaviest faller. I
Read moreLondon afternoon: Shares consolidate gains
19th Oct 2009 14:39
After racing off to a fast start leading equities have largely consolidated the gains made in the first hour of trading. Property stocks are among the best performers after a positive note on the sector from Evolution Securities, which has upped its ratings for British Land, Liberty International
Read moreLondon midday: More gains for Footsie
19th Oct 2009 12:14
Mining and property stocks have sparked another strong morning for the FTSE 100 index. Miners Fresnillo, Kazakhmys, Vedanta, Anglo American, Xstrata and Antofagasta are leading the way. Property stocks are lifted by a positive note on the sector from Evolution Securities, which has upped its rat
Read moreLondon open: Bright start as buyers keep at it
19th Oct 2009 08:34
London's blue chips are storming forward again helped by another possible bid emerging for National Express and a lack of anyone selling. Only five Footsie stocks are currently in the red with Cable & Wireless the worst performer, but it is down less than 1%. Fresnillo,Vedanta and British Land are
Read moreLondon midday: Blue chips still struggling
29th Sep 2009 12:06
Miners and property stocks are keeping Footsie in the red despite the banking and insurance sectors going well. Swiss bank Credit Suisse has issued a bearish note on the property sector prompting the likes of British Land, Land Securities, SEGRO and Hammerson to shift into reverse. Credit Suisse's
Read moreLondon open: Dull start for Footsie
29th Sep 2009 08:51
Three-figure gains in the US overnight haven't helped London much with blue chips going lower in early dealings. Property groups are weak with all of the sector heavyweights - British Land, Land Securities and Hammerson - under pressure. Banks are offsetting some of this weakness after the Times
Read moreLondon close: US data sinks Footsie
24th Sep 2009 16:46
Footsie turned down sharply in the last couple of hours of trading as US shares retreated on weak home sales and lower commodity prices, especially oil. Property companies led the UK lower after Canary Wharf property owner Songbird announced it would issue 62bn shares at a penny each as part of a
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