London close: Stocks finish higher as US inflation tops forecasts
10th Apr 2024 15:00
(Sharecast News) - London's stock markets closed positively on Wednesday, as investors processed a higher-than-anticipated inflation report from the US, while Tesco paced the gains following favourable results.
Read moreTK Maxx signs lease at Great Portland's Mount Royal
11th Mar 2024 07:32
(Sharecast News) - West End property owner Great Portland Estates said TK Maxx has agreed a deal to occupy a space at its Mount Royal property in London's Oxford Street, while health and beauty retailer Superdrug also recently re-geared its retail lease, committing to another 10 years at the location.
Read moreGreat Portland upbeat on recent leasing performance
23rd Jan 2024 07:15
(Sharecast News) - Great Portland Estates said in an update on Tuesday that during the nine months to 31 December, it signed leases totalling £16.1m, exceeding the estimated rental value (ERV) from last March by 10.4%.
Read moreLondon close: Stocks make small gains on quiet Thursday
23rd Nov 2023 16:09
(Sharecast News) - London's stock markets saw a positive turnaround by the end of the day on Thursday despite subdued trading activity due to the Thanksgiving holiday in the United States.
Read moreLondon close: Stocks sink after three days of gains
16th Nov 2023 15:45
(Sharecast News) - London markets ended in negative territory on Thursday, reversing a three-day winning streak.
Read moreGPE asset values fall despite solid leasing activity
16th Nov 2023 10:12
(Sharecast News) - Great Portland Estates reported robust leasing activity in its first half on Thursday, surpassing estimated rental values (ERV) by 13.4%, although its portfolio value fell by more than 10%.
Read moreLondon close: Stocks rise ahead of US Fed policy decision
1st Nov 2023 16:35
(Sharecast News) - London's stock market finished in positive territory on Wednesday, with investors keeping a keen eye on the upcoming policy announcement from the US Federal Reserve.
Read moreCiti downgrades Great Portland Estates to 'sell'
1st Nov 2023 10:38
(Sharecast News) - Citi downgraded Great Portland Estates on Wednesday to 'sell' from 'neutral' as it argued that stock weakness will deepen before long-term value arises.
Read moreGreat Portland Estates bullish after securing new leases
5th Oct 2023 07:22
(Sharecast News) - Great Portland Estates said on Thursday it had secured a number of new leases over the last six months, boosted by "healthy" demand for high-quality office space.
Read moreLondon close: Stocks finish choppy session in the red
27th Sep 2023 14:13
(Sharecast News) - London's stock markets presented a downbeat picture at the close of Wednesday's trading session.
Read moreJefferies cuts Reit ratings as office vacancies mount
27th Sep 2023 11:51
(Sharecast News) - Jefferies has downgraded a number of real estate investment trusts, including British Land, on the back of waning demand for office space.
Read moreMorgan Stanley sees 'compelling' opportunity with UK property stocks
26th Sep 2023 09:24
(Sharecast News) - UK real estate investment trusts (REITs) offer a "compelling" investment opportunity, according to analyst at Morgan Stanley, who said that the sector could soon see a recovery as challenging macro conditions slowly begin to ease.
Read moreLondon office stocks to benefit from higher oil price, says Morgan Stanley
18th Sep 2023 08:02
(Sharecast News) - Morgan Stanley says the recent rise in oil could be a positive for London-focused office property groups, as it looked into the historic correlations between real estate and commodity prices.
Read moreLondon close: FTSE finishes higher after positive China data
15th Sep 2023 16:12
(Sharecast News) - London's top-flight index managed a positive finish on Friday based on promising Chinese economic data.
Read moreGoldman upgrades Great Portland, Derwent London
15th Sep 2023 09:03
(Sharecast News) - Goldman Sachs upgraded its stance on Great Portland Estates and Derwent London on Friday.
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