MARKET TALK: M Stanley Cuts Great Portland, Derwent London
9th Jun 2010 07:27
0627 GMT [Dow Jones] Morgan Stanley downgrades Great Portland Estates (GPOR.LN) and Derwent London (DLN.LN) both to equalweight from overweight on valuation grounds. But lifts Great Portland target price to 320p from 280p, and Derwent target to 1390p from 1330p. Says on average tomorrow's property d
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
9th Jun 2010 07:27
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0627 GMT [Dow Jones] Morgan Stanley downgrades Great Portland Estates (GPOR.LN) and Derwent London (DLN.LN) both to equalweig
Read moreThursday tips round-up: Hikma, IG Group, Derwent
18th Mar 2010 06:12
Hikma's forecast of "low teens" growth in branded drugs in 2010 was lower than some stockbrokers ? such as Panmure Gordon ? had been expecting. The corollary is that Hikma expects US generic drugs and injectable medicines, its two other businesses, to grow more strongly than before. But at 580p, d
Read moreLondon close: Gains pared at the close
17th Mar 2010 16:48
London's gains were trimmed just before the close as traders took a few profits before heading off to celebrate St. Patrick's Day. Nevertheless, it was the highest close for the Footsie since the middle of 2008. Mining stocks led the advance, despite conflicting views in the broking community on th
Read moreLondon afternoon: Brokers in miners disagreement
17th Mar 2010 14:29
A firm opening by Wall Street gave UK shares an additional fillip over the lunchtime trading session. Miners are leading the advance, despite conflicting views in the broking community on their merits. Societe Generale is in the bearish camp, cutting sector giants BHP Billiton and Rio Tinto from 'b
Read moreLondon midday: Arriva bid lifts mood
17th Mar 2010 12:02
London is now handily higher, with the strength of transport groups and miners cancelling out the subdued performance of ex-dividend stocks such as HSBC, Standard Life and Thomas Cook. The main point of interest is confirmation from bus and rail group Arriva that it has had an unsolicited bid appr
Read moreLondon open: Footsie pushes on
17th Mar 2010 08:47
London has pushed on again this morning following strength on Wall Street late yesterday as US interest rates remained on hold. Miners have picked up as the dollar weakened after the decision by the Federal Reserve. Best performers so far include silver miner Fresnillo, Xstrata and ENRC. Aquarius P
Read moreDerwent London makes strong start to 2010
17th Mar 2010 07:28
Derwent London, which rents out offices in the capital, remained stuck in the red during 2009, but a "substantial recovery" in central London property values during the second half of the year has continued into 2010. The company said rents within its central London portfolio have virtually stabili
Read moreBankers directors take profits
18th Jan 2010 15:47
Many of the directors of Bankers Petroleum decided to take advantage of the recent share price strength and the positive operational update to sell part of their shareholdings. The Canada-based oil and gas company focuses on assets in Albania and is the third biggest company on AIM. The share pric
Read moreBroker tips: Land Securities, Ryanair, Carillion
11th Jan 2010 13:23
Real estate plays are in focus Monday as Goldman Sachs predicts more stable yields and a strong recovery in demand for prime office space. It thinks rising demand for office space, especially in Sweden and the UK, at a time when new supply is limited is likely to lead to a strong recovery in prime
Read moreBroker snap: Goldman backs Land Securities
11th Jan 2010 11:53
Real estate plays are in focus Monday as Goldman Sachs predicts more stable yields and a strong recovery in demand for prime office space. It thinks rising demand for office space, especially in Sweden and the UK, at a time when new supply is limited is likely to lead to a strong recovery in prime
Read moreLondon close: Footsie ends weakly
19th Nov 2009 16:46
Footsie turned sharply lower at the close after a very poor start on Wall Street with the Dow down by more than 150 points in the first few hours. Miners bore the brunt of the selling with Antofagasta, Anglo American, Xstrata, Randgold Resources, Rio Tinto and Vedanta all lower. Platinum refiner J
Read moreLondon afternoon: Footsie stuck in the red
19th Nov 2009 14:06
Footsie is bumbling along close to its low for the day ahead of what is expected to be a weak start on Wall Street. Futures point to falls of anything between 50-70 points for the Dow when US trading starts, with weak metal prices likely to be a key theme. Here, lower metals have already hit the
Read moreLondon noon: Miners drag Footsie down
19th Nov 2009 12:00
Barely a fifth of the FTSE 100 constituents are in positive territory, but the fall on the blue-chip index is still modest, given the weakness of miners. With metals prices softening, the likes of Antofagasta, Anglo American, Xstrata, Randgold Resources, Rio Tinto and Vedanta are on the slide, as i
Read moreDerwent London sees improving property demand
19th Nov 2009 08:36
Derwent London, which rents out offices in the capital, said it has managed to keep vacancies low and is seeing an increase in investor demand, particularly in the city centre. Only 4% of properties have been vacant, said Derwent, which has reduced debt from £849.3m to £798.1m over the quarter to S
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