Grainger and APG form trust to buy residential properties - UPDATE
22nd Jan 2013 07:51
FTSE 250 residential landlord Grainger has created the GRIP unit trust to acquire a residential property portfolio worth 349.4m pounds. The trust has been formed by Grainger and APG Strategic Real Estate Pool (APG), Europe's largest pension fund asset manager with €325bn of assets under management.
Read moreTuesday broker round-up UPDATE
22nd Jan 2013 07:06
Afren: Liberum Capital shifts target price from 120p to 123p staying with its hold recommendation. ASOS: Exane BNP increases target price from 3000p to 3100p and retains an outperform rating. BP: RBC downgrades to sector perform from outperform. Brammer: Peel Hunt moves target price from 300p to
Read moreSABMiller CFO takes advantage of recent gains
23rd Nov 2012 16:30
James Wilson, the Chief Financial Officer (CFO) of drinks giant SABMiller benefitted from the recent surge in the group's share price following the group's first-half results yesterday. The company said today that Wilson had on Thursday exercised options to buy 13,000 shares at an option price of 1
Read moreLondon midday: Miners gain after upbeat Chinese data
22nd Nov 2012 11:31
- Stocks gains despite Eurozone gloom - Chinese manufacturing figures lift sentiment - Trade expected to be light with US closed Decent manufacturing figures from China ensured that the FTSE 100 was making gains on Thursday with the heavyweight mining sector bolstering the benchmark index. However
Read moreLondon open: Stocks rise after Chinese data
22nd Nov 2012 08:27
- Footsie gains after upbeat Chinese data - Volumes expected to be light with US markets closed - SABMiller and Man Group lead gains on FTSE 350 UK stocks started Thursday's session with moderate gains after some upbeat manufacturing figures from China, though trade is expected to be light with US
Read moreGrainger improves NAV as subdued market persists
22nd Nov 2012 07:17
FTSE 250 residential property owner-manager Grainger improved annual gross net asset value per share but cautioned it expects subdued market conditions to persist through 2013. The Newcastle upon Tyne headquartered firm said gross NAV increased 3.2% to 223p for the year ended September 30th 2012. T
Read moreGrainger farms out German portfolio
9th Nov 2012 09:14
Grainger, the UK's largest listed residential owner and manager, said it had signed up for a joint venture, to which it will hand around half of its German assets. The company has done a deal with global real estate investment firm Heitman, creating a company that will invest in around 3,000 unit G
Read moreLondon pre-open: FTSE to track US stocks higher
5th Oct 2012 07:29
City sources predict the FTSE 100 will open up 21 points from yesterday's close of 5,828, boosted by a significant rise in US stocks last night, which were in turn buoyed by positive economic data readings ahead of the September jobs report and following "as-expected" policy decisions this afternoon
Read moreGrainger starts first phase of Berewood housing scheme
5th Oct 2012 07:05
Residential property owner-manager Grainger has announced that it has sold the first phase of its Berewood housing scheme, located west of Waterlooville in South Hampshire, to Bloor Homes which will begin construction next month. Bloor Homes has bought an 11.2 acre site with planning consent for 19
Read moreGalliford Try wins two building contracts
13th Sep 2012 07:30
House-building and construction firm Galliford Try has won two building contracts worth a total of 41m million pounds. Grainger has appointed Galliford to build a mixed-use project at Macaulay Road in Central London for £23m. The company will build 11 buildings, including a four-storey office dev
Read moreLondon close: Footsie up, but Eurozone fears limit gains
9th Aug 2012 17:01
- FTSE 100 nudges higher for fifth straight gain - Cooling inflation in China boosts stimulus hopes - ECB cuts growth forecasts London's Footsie swung between gains and losses on Thursday as hopes of Chinese stimulus were offset by concerns about weak growth in the Eurozone; however, the benchmark
Read moreFTSE 250 movers: Ocado falls after downgrade
9th Aug 2012 13:19
Shares in online grocery group Ocado took a hit this morning after UBS downgraded the stock from 'neutral' to 'sell', saying that consensus estimates are too bullish for next year and there is evidence of demand growth slowing. ? ?Heavy rain has hit Bumi's output this year, causing shares to slip
Read moreLondon midday: Gains erased as ECB cuts GDP forecasts
9th Aug 2012 12:04
- ECB cuts growth expectations - Cooling Chinese inflation boosts stimulus hopes - Footsie pulls back from four-month high After a tentative start on Thursday, London's FTSE 100 swung into the red by lunchtime on concerns over European growth; however losses for the blue-chip index were only modest
Read moreThursday broker round-up
9th Aug 2012 08:14
AMEC: Shore Capital downgrades to hold. Anglo American: Nomura cuts target from 2,500p to 2,200p, neutral rating kept. Aquarius Platinum: Nomura initiates with neutral rating and 35p target. BBA Aviation: Jefferies cuts target from 250p to 230p, buy rating kept. BTG: finnCap downgrades to sell.
Read moreLondon pre-open: FTSE to get boost from Chinese data
9th Aug 2012 07:27
City sources predict the FTSE 100 will open up 22 points from yesterday's close of 5,846, pushed higher by Chinese inflation data which revealed that growth in consumer prices had dropped to a 30 month low during July. The figure stood at 1.8 per cent last month, compared to 2.2 per cent the previou
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