British Land lets over 80% of Mayfair property
31st Jan 2017 07:11
(ShareCast News) - Property management firm British Land has let 83% of its Mayfair commercial development just four months after its launch in September. The FTSE 100 company's 51,000 square feet office space at 7 Clarges Street is 83% let after securing terms with Capula Investment, Quantum Pac
Read moreSales and footfall outperform at British Land properties
19th Jan 2017 07:07
(ShareCast News) - British Land posted its third quarter trading update on Thursday, reporting 314,000 sq ft of retail lettings and renewals, which was 8.7% ahead of estimated recovery value, with a further 189,000 sq ft under offer. The FTSE 100 company said retailer sales for the quarter were up 0
Read moreExane upgrades British Land on valuation but remains cautious on UK property
5th Jan 2017 12:20
(ShareCast News) - Exane BNP Paribas upgraded British Land to 'neutral' from 'underperform' and lifted the price target 6% to 700p on valuation grounds, as it took a look at the real estate sector. "Having significantly underperformed the sector in 2016, we believe NAV weakness is now largely priced
Read moreTuesday broker round-up
13th Dec 2016 13:12
(ShareCast News) - British Land: Barclays reiterates overweight with a target price of 740p. GlaxoSmithKline: UBS reiterates neutral, 1600p target. Reckitt Benckiser: Jefferies reiterates buy with a 7750p target. GB Group: Berenberg reiterates buy with a 340p target. Great Portland Estates: Barcl
Read moreThursday broker round-up
17th Nov 2016 13:00
(ShareCast News) - Kingfisher: HSBC reiterates hold with a target price of 380p. Astrazeneca: Berenberg reiterates buy with a 55p target. Aggreko: Jefferies stays at hold with a 750p target. Easyjet: Barclays reiterates equal-weight rating with a 1000p target. Amec Foster Wheeler: UBS keeps at ne
Read moreBritish Land drives strong interim profits but proceeds with caution
16th Nov 2016 07:53
(ShareCast News) - British Land lifted profits strongly higher in the first half of its financial year but said it expects to proceed more cautiously in property development as it noted a change in the behaviour of property markets since the Brexit vote, with leasing momentum maintained in retail bu
Read moreWednesday preview: Employment report in focus
15th Nov 2016 15:11
(ShareCast News) - The employment report for October was expected to be the focus of trading, barring surprises from overseas. Economists at Barclays Research expected jobless claims would increase by just 500, while the unemployment rate for the three months to September was expected to print at 4.
Read moreHouse prices helped by demand rebound and historic supply low, RICS says
13th Oct 2016 09:35
(ShareCast News) - Surveyors reported an unexpected increase in house prices in the last three months as demand rose but the supply of new homes for sale dropped off and numbers for sale in London dropped to a historic low. The Royal Institution for Chartered Surveyors (RICS) revealed the headline b
Read moreFriday broker round-up
30th Sep 2016 10:06
(ShareCast News) - Vodafone: UBS reiterates buy with a target price of 310p. British Land: HSBC reiterantes buy, 738p target. Ophir Energy: Deutsche Bank keeps at neutral with a 95p target. Homeserve: UBS reiterates neutral with a 610p target. Intercontinental Hotels: Credit Suisse keeps at outpe
Read moreSector movers: Real estate stocks tumble
11th Aug 2016 16:19
(ShareCast News) - Defensive sectors had the edge on Thursday even as investors continued to bid the market higher, with tobacco stocks enjoying the strongest gains alongside the likes of Unilever, with the latter standing to gain from recent improved sentiment towards emerging markets. Heading the
Read moreTuesday newspaper share tips: British Land, BAE Systems
19th Jul 2016 12:53
(ShareCast News) - Nobody knew where the UK property market was heading, but the discount between where the shares of British Land were trading and the company's net asset value looked "too wide", The Times's Tempus said. Yes, the caution evident in the company's trading statement the day before was
Read moreSector movers: Real estate, Oil&Gas pace gains, mining down
19th Jul 2016 10:54
(ShareCast News) - Real estate investment trusts led to the upside despite the International Monetary Fund and European Commission's decision on Tuesday to take a knife - as might have been expected - to their forecasts for the British economy next year. In the case of the Washington-based
Read moreCiti sees opportunity in UK real estate correction
18th Jul 2016 16:17
(ShareCast News) - UK commercial real estate values were set to fall further, analysts at Citi said, but they believed the falls would only be a 'correction' - mostly cyclical in nature - and should be looked upon as a trading opportunity. Nonetheless, they admitted the risk of a more severe propert
Read moreBritish Land expects investors to be cautious post Brexit vote
18th Jul 2016 07:02
(ShareCast News) - British Land said it was too early to properly assess the impact of the referendum result on its markets but it did expect some occupiers and investors to take a more cautious approach. "British Land has entered this period of post-referendum uncertainty in a robust position," it
Read moreDirectors dealings: Norcros finance chief picks up shares
15th Jul 2016 16:31
(ShareCast News) - Norcros's finance chief Shaun Smith picked some shares in the Bathroom products company following the recent sharp drop in the stock price in the wake of the EU referendum vote. Smith, who was appointed to his post in April 2016, bought 20,000 shares at an individual price of 157p
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