Friday broker round-up UPDATE
26th Sep 2014 08:38
Balfour Beatty: Deutsche Bank ups target price from 245p to 270p upgrading to buy. Betfair: JP Morgan raises target price from 1050p to 1175p leaving its neutral rating unchanged. British Land: Societe Generale upgrades to buy with a target price of 780p. Dairy Crest: Investec cuts target price fr
Read moreLondon close: FTSE 100 declines as mining stocks fall on dollar advance
25th Sep 2014 17:14
teerngasLondon's top shares tumbled on Thursday as the rising dollar took its toll on mining and energy stocks. The FTSE 100 Index closed 66.56p points adrift at 6639.71 as the greenback bounced on speculation of monetary stimulus from the European Central Bank (ECB) and US interest rate hikes. Spe
Read moreLondon midday: Dollar strength weighs on commodities, Footsie
25th Sep 2014 12:36
UK stocks were holding slightly lower come midday and lagging the rest of European benchmarks as the dollar continued to strengthen, pressuring commodity prices lower across the board. The US dollar index is trading at a four-year high, just as commodities such as wheat plumb four-year lows. Three-m
Read moreLondon open: Tesco still in the news, as euro continues to slip
25th Sep 2014 09:29
UK stocks have begun the session with the slightest of gains, with investors focusing on remarks by European Central Bank President Mario Draghi, to a Lithuanian publication, to the effect that the ECB could implement additional easing measures. That comes as the euro/dollar slips below the 1.28 dol
Read moreLondon pre-open: FTSE to open marginally higher after US data, Fed speech
25th Sep 2014 07:42
UK stocks are expected to start Thursday's session with modest gains, thanks to a dovish speech from a Fed member and strong US housing data released the previous day. City sources predict the FTSE 100 will open around three points higher than Wednesday's close of 6,706.27. The anticipated rise com
Read moreHammerson launches placing to fund retail buys
25th Sep 2014 07:23
Retail property developer Hammerson is launching a share placing to help it buy a major shopping centre in the English Midlands and to start a new outlet shopping centre venture. Hammerson plans to issue about 71.3m new ordinary shares of 25p each, representing about a tenth of the company's issued
Read moreHammerson sells final office asset to JV partner
2nd Sep 2014 10:17
Property group Hammerson has completed the sale of its 50% stake in 10 Grosvenor Street in west London, its last remaining office asset. The site was sold for £54m to its joint venture partner Grosvenor Fund Management's London Office Fund. The sale price represents a net initial yield of 3.9% a
Read moreLondon close: FTSE drops on BoE minutes, ex-divis, Fed minutes
20th Aug 2014 16:59
- FTSE closes down 23.83 at 6,755.48 - BoE's MPC votes 7-2 - Focus turns to Fed minutes techMARK 2,796.77 -0.15% FTSE 100 6,755.48 -0.35% FTSE 250 15,748.92 -0.92% London's blue chips dropped into the red on Wednesday, hit by a combination of Bank of England (BoE) minutes, ex-dividends, and a degr
Read moreLondon midday: UK stocks retreat on rate-hike uncertainty
20th Aug 2014 12:00
- MPC split on rate decision for first time since 2011 - FOMC minutes due out after the close - Ex-dividend stocks, Balfour Beatty weigh on market - Beverage shares hit by Carlsberg results techMARK 2,798.96 -0.07% FTSE 100 6,752.88 -0.39% FTSE 250 15,794.83 -0.63% UK equities retreated from a thr
Read moreLondon open: Stocks snap five-day win streak ahead of central bank minutes
20th Aug 2014 09:00
- MPC, FOMC minutes in focus - FTSE 100 pulls back from three-week high - Balfour drops after rejecting Carillion bid - Glencore announces $1bn buyback techMARK 2,802.00 +0.04% FTSE 100 6,769.90 -0.14% FTSE 250 15,859.07 -0.23% UK stocks snapped a five-day winning streak on Wednesday ahead of the
Read moreLand Secs continues portfolio reshaping with sale of Bristol's Cabot Circus
13th Aug 2014 08:03
Real estate group Land Securities is to sell its 50% stake in Cabot Circus shopping centre, Quakers Friars and surrounding shops in Bristol for £267.3m. The assets, which currently produce a net rental income of £17.3m to Land Securities, comprise the Bristol Partnership - a joint venture with Hamm
Read moreSector movers: Electronic and real estate stocks slide
25th Jul 2014 14:54
Real estate stocks declined, led by Hammerson and British Land, after a report showed UK house prices grew at the slowest pace in 18 months in July. Hometrack said property prices increased by 0.1% this month, down from 0.3% in June and 0.5% in May. House prices in London stalled in July, recording
Read moreFriday tips round-up: Hammerson a 'hold', says Tempus
25th Jul 2014 08:28
Hammerson, the property group which specialises in retail, has been attracting attention from global investors following upbeat half-way figures and high deal activity, The Times' Tempus column noted. The company's assets offer a yield of 4.5 to 4.7% if bought now, representing good value against
Read moreHammerson rents and leases rise as consumer backdrop rallies
24th Jul 2014 08:53
- Net rental income up 4.6%, or 1.5% LFL - Leases signed at 7% above ERV As the consumer backdrop improved in its markets, retail park investor Hammerson signed increased value of leases and lifted its income from tenants in the first half of the year. Including the newly opened Les Terrasses du
Read moreFTSE 100 movers: Barratt Developments, GKN, Royal Mail
18th Jul 2014 14:35
Housebuilder Barratt Developments was leading the fallers after Liberum downgraded the stock to 'hold' and slashed its target price from 468p to 387p. GKN, which supplies British multinational automotive and aerospace components, declined as airliners were hurt by news of the Malaysia Airlines cras
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