Broker tips: ARM, Tate & Lyle, Inchcape
1st Apr 2016 15:46
(ShareCast News) - Numis sell-side analysts provided a list of their top picks among large and small cap stocks across the market, including ARM Holdings, Virgin Money, Derwent London, Tullow Oil, Northgate and Vectura. After another strong set of quarterly results, ARM remains the top pick as Numis
Read moreNumis adds Virgin Money, Derwent and Northgate to 'top picks' list
1st Apr 2016 15:34
(ShareCast News) - Numis sell-side analysts provided a list of their top picks among large and small cap stocks across the market, including ARM Holdings, Virgin Money, Derwent London, Tullow Oil, Northgate and Vectura. After another strong set of quarterly results, ARM remains the top pick as Numis
Read moreWednesday broker round-up
16th Mar 2016 15:55
(ShareCast News) - Hikma Pharmaceuticals: Panmure Gordon upgrades to buy with a target price of 2120p. Greggs: Berenberg upgrades to hold, 1020p target. Firestone Diamonds: Panmure Gordon reiterates buy with a target price of 27p and Finncap stays at buy with a target price of 51p. Cairn Energy: C
Read moreExane upgrades Great Portland as UK commercial property 'oversold'
16th Mar 2016 14:54
(ShareCast News) - Analysts at Exane BNP Paribas highlighted potential upside at British property specialist Land Securities, British Land and Derwent London on its confidence that the UK will vote to remain in the European Union in June. Exane said a maturing UK cycle means this trade will be short
Read moreMarkets pricing in too large an impact on REITs from Brexit
16th Mar 2016 13:42
(ShareCast News) - Markets were probably overpricing the impact which Brexit might have on UK real estate investment trusts, to the possible benefit of investors, UBS said. The real estate sector's main exposure was through London and offices in the capital, mainly via financial tenants in the case
Read moreDerwent London raises £105m in private placement
25th Feb 2016 12:25
(ShareCast News) - Derwent London had a bit more cash in its back pocket on Thursday, having entered into £105m of new unsecured fixed-rate private placement funding, with 12 and 15 year maturities. The FTSE 250 company said the issue was in two tranches, both of which would be drawn on 4 May. The f
Read moreCredit Suisse downgrades Derwent London and Great Portland on Brexit risks
11th Feb 2016 14:41
(ShareCast News) - Recent underperformance by the listed UK real estate outfits focused on the London office market was the result of the upcoming vote on the country's continued membership of the European Union, but the present moment did not seem to be an "obvious entry point", Credit Suisse said.
Read moreThursday broker round-up
11th Feb 2016 13:52
(ShareCast News) - ARM Holdings: JP Morgan reiterates neutral with a target of 950p, Exane BNP Paribas keeps at outperform, 1300p target, Deutsche Bank stays at hold, 1000p target, Goldman Sachs maintains buy with a target of 1400p, Citigroup keeps at neutral and Bryan, Garnier & Co reiterates buy.
Read moreTuesday broker round-up
9th Feb 2016 15:11
(ShareCast News) - Glencore: RBC Capital upgrades to outperform with a target of 135p. Barclays and JP Morgan stay at overweight and Goldman Sachs keeps at neutral. First Quantum Minerals: Goldman Sachs downgrades to sell with a target price of 130p. Randgold: Ubs downgrades to neutral, 6000p targe
Read moreDerwent completes Wedge House sale
7th Dec 2015 08:02
(ShareCast News) - Real estate investment trust Derwent London has received £33.5m from Ennismore after completing the sale of a property in South London. The FTSE 250 group sold Wedge House, located at 40 Blackfriars Road SE1, a 38,700 square feet vacant freehold office building, which will be incl
Read moreDerwent hails "best ever" year for lettings
12th Nov 2015 08:52
(ShareCast News) - Real investment trust Derwent London has hailed 2015 as the "best ever" year for lettings. The group said it has rented 501,500 sq feet of space so far in 2015, for a total return of £26.1m per year, with overall lettings 10.8% ahead of estimated rental value as recorded in Decemb
Read moreDerwent London secures extra GBP5.2m in rent since August
14th Oct 2015 09:17
(ShareCast News) - Property investor Derwent London has secured an additional £5.2m of annual rent since 13 August on 93,600 sq ft of its buildings. In a statement ahead of a presentation and property tour for investors and analysts, Derwent said overall lettings in the year to date totalled 488,200
Read moreGlencore director puts money back on the table
2nd Oct 2015 16:38
(ShareCast News) - Glencore director William Macaulay has reinvested in the company as it continues its slow rebound. The non-executive director personally purchased 1.7m shares on Thursday at a price of 90.91p per share and cost him a total of nearly £1.55m. He's the latest in the long line of dire
Read moreDerwent London first-half net rental income up amid "voracious" demand
13th Aug 2015 08:04
(ShareCast News) - Derwent London reported a 5% increase in first-half net rental income and a 22% rise in pre-tax profit, as it said office demand was "voracious". Net rental income rose to £66.9m from £63.7m in the six months to June 2014, while EPRA profit came in at £39m from £32m. The interim d
Read moreDerwent buys Whitechapel building from RBS for £132m
13th Jul 2015 10:05
(ShareCast News) - Derwent London has exchanged contracts to acquire the freehold of Aldgate Union, Whitechapel High Street, from the Royal Bank of Scotland for £132m before costs. The building will be acquired with vacant possession in December 2015, and at a price that reflects a capital value of
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