Thursday broker round-up - UPDATE
1st Mar 2012 09:33
RBS: Berenberg downgrades to sell from buy. Randgold Resources: Nomura maintains buy rating and 9,850p target. BG Group: Nomura maintains buy rating and 1,865p target. WPP: Nomura maintains buy rating and 990p target. BAE Systems: UBS ups target from 320p to 360p, buy rating unchanged. Capita:
Read moreDerwent London eyes Crossrail profits
1st Mar 2012 08:16
Derwent London, the real estate investment trust, is pushing up its dividend as it looks to cash in on the capital's Crossrail project. The group owns several well known properties in central London, including the Angel Building in EC1, in which the online travel agent Expedia has taken 93,400 squa
Read moreDerwent London rents to Burberry
23rd Feb 2012 14:27
Property firm Derwent London has pre-let the entire space of a location in southwest London to luxury brand Burberry. Burberry will pay a rent of £5.3m per annum at the 11-floor building at 1 Page Street, comprised of £50 per sq ft (£540 per m2) on the top three floors and £45 per sq ft (£485 per
Read moreDerwent London doing well and debt decreased
17th Nov 2011 08:37
Property group Derwent London has continued its strong letting progress and further rental growth during the third quarter, the firm said. During the period the firm made 27 transactions with a rental income of £4.8m per annum, while open market lettings in the quarter were 8.8% above estimated re
Read moreTuesday tips round-up: Ladbrokes, Morrisons, Dairy Crest...
20th Sep 2011 06:52
The clock is now ticking on Ladbrokes' proposed takeover of Sportingbet, says the Tempus column in the Times. Under the new takeover rules that came into play yesterday, the bookmaker has been given until October 17 to "put up or shut up" which, given that the two sides have been in talks since June
Read moreCapital results from Derwent London
24th Aug 2011 09:32
Property group Derwent London saw the underlying value of its property portfolio increase by 5.1% in the first six months of 2011, a benchmark-beating performance. Over the same period, the Investment Property Databank (IPD) Capital Growth Index for central London offices grew 4.6%. Adjusted net as
Read moreDerwent London takes on holiday letting
6th Jul 2011 15:58
Derwent London, which rents out offices in the capital, has announced it has let 95% of its recently completed Angel Building. The firm said that Expedia, the world's largest online travel company, had agreed to lease the top two floors of the building in EC1. Expedia will rent an area covering 81
Read moreWhitbread's Richard Baker tops up
22nd Jun 2011 16:48
Non-executive director Richard Baker has added to his holding in the Costa Coffee and Premier Inn hotels group Whitbread, splashing out more than £50,000 despite a mixed trading update from the company. He paid 1,573p a time for 3,186 shares and now has 8,152. It is his first purchase of shares sin
Read moreWednesday tips round-up: Robert Wiseman, Avis Europe, Derwent London
18th May 2011 06:20
The imponderables for Robert Wiseman are whether the price of raw materials falls and how much more of the existing rises can be passed on to customers, after some degree of success in this in February. Assuming that nothing gets much worse, the dividend looks safe, which gives a yield of about 5.6
Read moreLondon close: Stocks fall back after poor US start
17th May 2011 16:43
Stocks were nursing substantial losses at the close of play after a poor start on Wall Street. Computer maker Hewlett-Packard sent a chill across the markets as it lowered its profits guidance. Chip-maker ARM Holdings was the heaviest faller here. India-focused energy firm Essar Energy led the ris
Read moreLondon midday: FTSE 100 little changed as updates impress
17th May 2011 12:13
The leading share index is flat now after winning back some early losses, with company updates helping to send stocks higher. India-focused energy firm Essar Energy leads the risers in the FTSE 100 after it reported a "solid operating performance" in the first quarter with total generation 10% high
Read moreCapco expands in Covent Garden
17th May 2011 10:42
Central London-focused property group Capital & Counties (Capco) has extended its footprint in London's Convent Garden through the £68m acquisition of five freehold properties from FTSE 250 peer Derwent London. The properties (on Floral Street, King Street and Rose Street) provide 71,900 square fee
Read moreLondon open: Stocks ease despite cheery updates
17th May 2011 08:28
Stocks are back below 5,900 points despite a decent reception for company updates. Strong growth in emerging markets and the increasing popularity of smartphones helped the mobile telecommunications giant Vodafone post higher revenues and profits in the year to 31 March. Adjusted pre-tax profits ro
Read moreDerwent London to raise £175m
17th May 2011 07:24
Derwent London said it will raise a £175m convertible bond to fund future plans as the office market in the capital continues to perform strongly. The group announced the launch of the convertible bond to help fund its development pipeline and increase resources for future acquisition opportunitie
Read moreSector movers: Mining stocks take a hit
15th Apr 2011 13:03
Mining stocks were under the weather today, as higher-than-expected inflation figures in China have led some to anticipate tightening measures by the government, which could have an impact on the demand in metals. Blue chips Vedanta, BHP Billiton and Rio Tinto are in the red. A big mover in the se
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