Sector movers: Real estate, construction stocks gain on positive outlook
10th Apr 2014 13:50
Real estate, construction and materials stocks were performing well on Thursday amid signs of continued robust growth in the UK housing market. House sales across Britain climbed to a six-year high in the first quarter of 2014, with growth spreading "right across the country", according to the Roya
Read moreShaftesbury acquires London property from Derwent
24th Mar 2014 07:53
Developer Shaftesbury has acquired a property in London's West End from sector and FTSE 250 peer Derwent London, the groups announced Monday. The 24,900 square foot commercial and residential Jaeger House property, which changed hands for £30.75m, is in Broadwick Street in the Carnaby area of Lond
Read moreMonday broker round-up UPDATE
10th Mar 2014 08:43
African British Foods: UBS raises target price from 2890p to 3300p and keeps a buy recommendation. BBA Aviation: Citi ups target price from 335p to 385p and reiterates a buy recommendation. Capita Group: Liberum Capital increases target price from 880p to 1100p upgrading to hold. Centrica: Credit
Read moreFriday broker round-up UPDATE
28th Feb 2014 09:51
Barratt Developments: Liberum Capital ups target price from 430p to 468p and keeps a buy recommendation. Deutsche Bank takes target price from 394p to 452p and retains a buy recommendation. Citi raises target price from 390p to 460p and maintains its buy recommendation. Bodycote: FinnCap increases
Read moreDerwent sees development speeding up as 2013 new lettings hit record
27th Feb 2014 12:02
Property company Derwent London said development activity was accelerating as it reported record new lettings worth 21.8m pounds a year for 2013. Derwent posted pre-tax profits of £57.9m for the year to December 31st, up 10.1% as its net asset value rose to £2.37bn from £1.92bn a year ago. Chief E
Read moreWednesday broker round-up UPDATE
29th Jan 2014 08:54
African Barrick Gold: Canaccord Genuity ups target price from 180p to 205p keeping a hold recommendation. Antofagasta: Westhouse Securities takes target price from 1000p to 1060p and maintains its buy recommendation. BG Group: Liberum Capital reduces target price from 1475p to 1280p downgrading to
Read moreThursday broker round-up UPDATE
23rd Jan 2014 09:12
Afren: Investec ups target price from 170p to 200p and maintains a buy recommendation. AG Barr: Investec raises target price from 585p to 620p retaining an add rating. Canaccord Genuity ups target price from 630p to 650p and keeps a buy recommendation. Arbuthnot: Numis downgrades from add to hold
Read moreBroker snap: Real estate stocks to benefit from UK recovery, says HSBC
21st Jan 2014 15:57
Upbeat comments from HSBC gave real estate investment trust (REIT) stocks a boost on Tuesday, as the bank raised hopes that property companies will benefit from the UK's 'resurgent economic recovery'. In a review on the wider European REIT sector, HSBC said that the UK commercial real estate market
Read moreSector movers: Real estate stocks boosted by HSBC comments
21st Jan 2014 15:23
Upbeat comments from HSBC gave real estate investment trust (REIT) stocks a boost on Tuesday, as the bank raised hopes that property companies will benefit from the UK's 'resurgent economic recovery'. In a review on the wider European REIT sector, HSBC said that the UK commercial real estate market
Read moreWednesday broker round-up UPDATE
15th Jan 2014 08:42
African Barrick Gold: Liberum Capital downgrades to sell with a target price of 147p. Deutsche Bank lowers target price from 190p to 180p, while maintaining a hold recommendation. African Minerals: Deutsche Bank shifts target price from 410p to 414p and maintains a buy recommendation. Amlin: JP Mo
Read moreDerwent London completes private placement funding
9th Jan 2014 12:33
Real estate group Derwent London has completed a fixed rate unsecured private placement funding from New York Life. The loan totals £100m, of which £25m is for 15 years at 4.41% and £75m is for 20 years at 4.68%. The funds will be drawn in January 2014. "We believe that this latest financing p
Read moreDerwent London acquires Kingsway building
7th Jan 2014 10:09
Central London office property group Derwent London has snapped up an eight-story building near Covent Garden for 59.3m pounds. The office building at 22 Kingsway, which includes the freehold interest of the Peacock Theatre next door, yields a passing rent of £3m per year and has a rent review in
Read moreThursday broker round-up UPDATE
14th Nov 2013 09:21
Afren: Goldman Sachs moves target price from 260p to 270p and retains its strong buy recommendation. APR Energy: Citi raises target price from 1250p to 1350p reiterating a buy recommendation. Atkins: Investec places both its target price (prev.: 1025p) and its reduce rating under review. Babcock
Read moreDerwent London rents rise as economic outlook brightens
13th Nov 2013 07:43
- Rents continuing to rise - Low vacancy rates - Rental value expected to be at top range of estimates FTSE-250 London based property firm Derwent London said rents are continuing to rise as demand reflects the improving economic outlook. "The rental growth and strong demand we see for Derwent Lon
Read moreLondon open: Markets suffer as US crisis drags on
8th Oct 2013 08:49
The FTSE opened around 15 points lower this morning, tracking steep losses seen in US, as the political brinkmanship over the debt ceiling continued into its second week. Miners, a typically volatile and cyclical sector, were seen taking the brunt of the decline, with retailers - particularly M&S a
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