Derwent London reshuffles board
23rd Nov 2018 08:37
(Sharecast News) - Derwent London will promote its property director to chief executive and its chief executive to chairman, after Robert Rayne gave notice that he will step down after 12 years in the role.
Read moreDerwent London in £250m private placing
22nd Nov 2018 09:55
(Sharecast News) - Landlord Derwent London said it had agreed a £250m private placement in new senior unsecured notes for general use and debt refinancing with eight institutional investors.
Read moreFriday broker round-up
10th Aug 2018 12:58
(Sharecast News) - Rolls Royce: JP Morgan downgrades to underweight with a target price of 965p.
Read moreDerwent London rental income, earnings rise amid 'robust' demand
9th Aug 2018 10:12
(Sharecast News) - Property investment and development company Derwent London reported a rise in interim net rental income and EPRA earnings on Thursday as it hiked its dividend by 10% and highlighted "robust" occupier demand in the capital.
Read moreSector movers: REITS, electricity stocks drop
19th Jan 2017 16:22
(ShareCast News) - Tobacco stocks rose to the top of the leaderboard after analysts at Citi sung the praises of British American. In a research note sent to clients, analysts Adam Spielman, Jemima Benstead and Ravi Sharma said the firm was producing "some of the best" organic sales growth in the Eur
Read moreDerwent London completes sale of Tottenham Court Road property
21st Dec 2016 14:02
(ShareCast News) - Derwent London has completed the sale of its freehold interest in 120-134 Tottenham Court Road in London to a private investor for £69.74m. The property comprises a 330-room hotel and 26,400 sq ft of retail and restaurant floor space. The hotel is let to Radisson Blu Edwardian Gra
Read moreMonday broker round-up
14th Nov 2016 10:38
(ShareCast News) - Dairy Crest: JP Morgan keeps at neutral with a target price of 600p. Tesco: HSBC upgrades to buy with a 260p target. Inmarsat: Jefferies stays at buy with a 1245p target. Aggreko: Barlcays reiterates overweight with a 1000p target. SSE: Goldman Sachs keeps at neutral with a 160
Read moreFriday broker round-up
11th Nov 2016 09:55
(ShareCast News) - Imperial Brands: JP Morgan keeps at neutral with a target price of 3660p. Standard Life: Berenberg stays at buy 416p target. Barclays: Societe Generale upgrades to buy with a 235p target. UBM: Barlcays reiterates equal-weight with a 755p target. Derwent London: Goldman Sachs ke
Read moreDerwent London breaks records in third quarter
10th Nov 2016 09:13
(ShareCast News) - Derwent London posted an update on its trading for the third quarter to 30 September on Thursday, saying the year-to-date had broken its own records for lettings, surpassing the full year 2015 with 495,300 square feet securing £28.3m pa of rental income. The FTSE 250 firm said on
Read moreWednesday broker round-up
2nd Nov 2016 11:59
(ShareCast News) - Lancashire: JP Morgan keeps at neutral with a target price of 595p. Rolls Royce: UBS stays at neutral, 800p target. Rio Tinto: Barclays reiterates overweight with a 3200p target. Derwent London: Goldnman Sachs reiterates buy with a 3035p target. TUI AG: UBS reiterates buy with
Read moreCapCo buys £70m Covent Garden property from Derwent
31st Oct 2016 07:09
(ShareCast News) - Investment company Capital & Counties bought a Covent Garden property from Derwent London real estate investment trust for £67.5m. The multi-let Tower House building on the junction of Southampton Street and Tavistock Street has a £3.1m annual rent across 53,700 square feet, which
Read moreDerwent lets east London property at £52 per square foot
4th Oct 2016 07:31
(ShareCast News) - FTSE 250 property investor Derwent London reported that it had let part of its east London property to a Cabinet Office service, in order for it to be nearer to city's technology hub. The first two floors of The White Chapel Building on Whitechapel High Street, formerly RBS' Aldga
Read moreDerwent London sells 75 Wells Street for £41m
9th Sep 2016 07:53
(ShareCast News) - Derwent London has sold its long leasehold interest in 75 Wells Street, London W1, to a private investor for £40.9m before costs. The company said the sale price was in line with December 2015 and June 2016 valuations. Chief executive officer John Burns said: "This disposal, whi
Read moreFriday broker round-up
12th Aug 2016 09:36
(ShareCast News) - Britvic: Berenberg reiterates buy with a target price of 775p. RSA Insurance: Deutsche Bank maintains hold with a 525p target. GlaxoSmithKline: JP Morgan reiterates neutral with a 1900p target. Amec Foster: Goldman Sachs stays at buy with a 691,1p target. A.G. Barr: Berenberg d
Read moreDerwent shares fall on uncertain outlook post Brexit
11th Aug 2016 09:22
(ShareCast News) - Derwent London shares fell on Thursday after the real estate investment trust said the outcome of the European Union referendum may lower activity. In the company's first half results, Derwent said the latest portfolio valuation timed seven days after Brexit showed capital growth
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