London 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
Read moreSector movers: Defensive stocks sought as geopolitical tensions rise
18th Jul 2014 13:48
Defensive stocks were in demand in London on Friday as investors sold off 'riskier' assets in search for safety amid heightened geopolitical tensions across the globe. World leaders have demanded answers after the shooting down of a Malaysia Airlines jet over eastern Ukraine, with 298 people on boa
Read moreLondon close: Insurers lead FTSE to negative finish
9th Jul 2014 16:59
- FTSE 100 closes down 20.41 at 6,718.04 - Admiral and Aviva lead downside - Attentions turn to tonight's Fed minutes techMARK 2,782.15 -0.43% FTSE 100 6,718.04 -0.30% FTSE 250 15,549.63 -0.66% It was a weak finish for the top tier index, which dropped below the 6,700 level in the first hour of tr
Read moreLand Secs' Bluewater deal to lift shopping centre valuations, says Deutsche Bank
26th Jun 2014 12:01
Deutsche Bank said that Land Securities' £656m purchase of a 30% stake in shopping centre Bluewater will likely lift valuations of shopping centres across the UK. Land Securities said that overall net initial yield after the expiry of rent-free periods is 4.1%. However, Deutsche Bank estimated th
Read moreFTSE 100 movers: Land Securities provides lift to property groups
25th Jun 2014 15:50
Bid target Shire was propelled higher after it received a boost from the US courts, which blocked competitors from selling generic versions of its Vyvanse branded drug for attention-deficit hyperactivity disorder (ADHD). Land Securities's decision to take a 30% stake in shopping centre Bluewater
Read moreLondon midday: Iraq concerns push stocks lower ahead of US data
25th Jun 2014 11:30
- FTSE 100 on track to close at two-month low - Iraq situation worsens, Ukraine still in focus - Bunzl disappoints with trading update - Oil stocks fall, real estate gains techMARK 2,794.32 -0.53% FTSE 100 6,744.97 -0.62% FTSE 250 15,458.96 -0.57% UK stocks were firmly in the red on Wednesday as o
Read moreTuesday broker round-up UPDATE
17th Jun 2014 09:45
Aquarius Platinum: UBS cuts target price from 41p to 24p and keeps a neutral rating. BAE Systems: Berenberg initiates with a target price of 455p and a hold recommendation. British Land: Deutsche Bank ups target price from 520p to 580p, but still recommends selling. Capital & Counties: Deutsche B
Read moreMonday broker round-up UPDATE
2nd Jun 2014 10:24
Anglo Pacific: FinnCap places both its target price (prev.: 216p) and its hold recommendation under review. Associated British Foods: Berenberg increases target price from 2600p to 3060p, while maintaining its hold recommendation. Barr (AG): Numis moves target price from 612p to 624p retaining a h
Read moreNew Serco CEO Soames marks arrival with large share purchase
6th May 2014 15:51
Rupert Soames, who last week took up the role of Chief Executive Officer at embattled Serco Group, has given a show of faith in his own leadership - and taken advantage of the latest dip in its share price - with the purchase of 242,000 shares at 354.30p a share. The £857,406 deal gives a show of f
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