Monday broker round-up
29th Oct 2012 08:10
African Barrick Gold: HSBC cuts target from 710p to 670p, overweight rating kept. African Eagle Resources: Seymour Pierce keeps buy rating. Anglo American: Nomura cuts target from 2,100p to 2,000p, neutral rating kept; UBS ups target from 2,230p to 2,250p, buy rating kept. Burberry: Goldman Sachs
Read moreDerwent London lets building to Ticketmaster
18th Oct 2012 08:49
Derwent London, a FTSE 250 property firm based in the capital, has let 47,700 sq ft (4,430m2) of office space at 10-4 Pentonville Road, Islington, to Ticketmaster UK. Ticketmaster will occupy the whole of 4 Pentonville Road and the upper five floors of 10 Pentonville Road under a 12-year lease with
Read moreTuesday broker round-up
4th Sep 2012 09:31
Ashtead: Jefferies lifts target from 360p to 320p, buy rating kept. Barclays: JP Morgan downgrades to neutral from overweight, target cut from 265p to 250p. British Land: UBS downgrades to neutral, target cut from 575p to 560p. Capital Shopping Centres Group: UBS upgrades to buy, target lifted fr
Read moreTuesday broker round-up
28th Aug 2012 08:19
Afren: Credit Suisse downgrades to neutral, target cut from 185p to 170p. BHP Billiton: Morgan Stanley cuts target from 2,280p to 2,180p, overweight rating kept. Bunzl: Seymour Pierce raises target from 1,000p to 1,055p, hold recommendation maintained. Cairn Energy: Credit Suisse cuts target from
Read moreWednesday broker round-up
22nd Aug 2012 09:20
888 Holdings: Shore Capital upgrades to buy. Afren: Jefferies raises target from 140p to 155p, buy recommendation maintained. Anglo American: JPMorgan Cazenove downgrades to underweight, target cut from 3,000p to 1,900p. Antofagasta: JPMorgan Cazenove upgrades to overweight, target lifted from 1,
Read moreDerwent hails London as 'safe haven' for investment
22nd Aug 2012 07:36
London-focused real estate investment trust Derwent London saw its net asset value (NAV) increase in the first half, saying that it has achieved 'good momentum in London's Olympic year'. Adjusted NAV per share rose 4.1% from 1,701p at December 31st 2011 to 1,770p, driven mainly by the estimated ren
Read moreWednesday broker round-up
15th Aug 2012 09:47
AB Foods: UBS raises target from 1,330p to 1,400p, buy rating unchanged. AVEVA: Jefferies ups target from 1,800p to 2,300p, buy recommendation maintained. Balfour Beatty: Investec maintains sell rating and 210p target. CLS Holdings: Peel Hunt ups target from 639p to 720p, hold rating kept. CRH:
Read moreDerwent secures new 12-year loan facility
3rd Aug 2012 08:22
Derwent London, a FTSE 250 property firm, has signed a new 12-year secured debt facility with Cornerstone Real Estate Advisers to provide long-term fixed rate debt at a rate of 3.99 per cent until to July 2024. The facility is for £83m, with the fixed rate equivalent to the gilt rate plus 210 basi
Read moreWednesday broker round-up
11th Jul 2012 08:10
ASOS: HSBC downgrades to neutral, target lifted from 1,780p to 1,950p. Avanti Communications: Jefferies reiterates buy rating and 600p target. Aviva: Morgan Stanley upgrades to overweight. Balfour Beatty: UBS downgrades to neutral, target cut from 340p to 310p. BTG: Jefferies downgrades from buy
Read moreDerwent snaps up new property in south west London
11th Jul 2012 07:59
Derwent London, a FTSE 250 property firm, has acquired Francis House, a freehold office building in south west London covering 57,000 square feet. The £29.1m property adjoins the company's existing holdings at Greencoat & Gordon House and 6-8 Greencoat Place. The building is let to Channel Four
Read moreThursday broker round-up
10th May 2012 09:28
Abcam: Canaccord Genuity reiterates hold recommendation and 370p target. Aveva: UBS upgrades from sell to neutral, 1,600p target unchanged. BAE Systems: AlphaValue upgrades from add to buy, target raised from 342.7p to 343.4p. BT: Jefferies keeps buy recommendation and 268p target; Nomura reitera
Read moreWednesday broker round-up
9th May 2012 10:03
Anglo American: AlphaValue upgrades from add to buy, target cut from 2,767.9 to 2,731.3p. ARM Holdings: AlphaValue upgrades from sell to reduce, target cut from 459.7p to 458.7p. Balfour Beatty: Investec keeps sell recommendation and 210p target. Centamin: Investec keeps buy rating and 95p target
Read moreDerwent reports robust letting in first quarter
9th May 2012 08:39
Derwent London, a FTSE 250 property firm, let 23 properties in the first three months of the year, while 'very significant' planning consents were also achieved, including one on Oxford Street. The 23 property lets are worth £8.0m per annum and cover more than 210,300 square feet (sq. ft) of floor
Read moreLamprell director sells another load of shares
3rd May 2012 15:20
Scott Doak, the Integration and Development Director of Lamprell, the FTSE 250 oil and gas engineering firm, has once again diminished his stake in the firm, this time selling 200,000 shares. The sale, which follows his decision to drop 21,679 the previous week, was made in the same week the compa
Read moreLondon open: Stocks slump on Chinese manufacturing data
22nd Mar 2012 08:33
- Chinese data dampens sentiment - Randgold plummets on Malian troubles - Broker downgrades weigh on AMEC, REIT stocks The Footsie sank in early trading on Thursday with the miners providing a drag after the release of more disappointing economic data from China. Chinese factory activity register
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