Hammerson shifts 500 million euro bond
19th Sep 2012 16:28
Real estate investment trust Hammerson said it had successfully launched a five hundred million euro bond. The bond, which matures in 2019, has an annual coupon of 2.75%, with the company saying the issue was six times oversubscribed. Hammerson said it had available committed financing of £2.8bn
Read moreHammerson furthers development in Croydon with acquisition
17th Sep 2012 12:23
Real estate investment trust (REIT) Hammerson is acquiring Royal London's 25 per cent interest in the 155 year head-lease of the Whitgift Centre, Croydon. The £65m purchase will offer "significant asset management and development potential" for the centre and will strengthen Hammerson's ownership i
Read moreHammerson to buy shopping centre in Leeds
11th Sep 2012 07:37
Real estate investment trust (REIT) Hammerson said that it is to acquire The Victoria Quarter in Leeds as it reinforces its presence both in the city and the fast-growing luxury retail sector. Hammerson has exchanged contracts to buy the shopping centre from Kennedy Wilson for £136m. The company sa
Read moreBroker tips: Petrofac, REITs, Ashtead
4th Sep 2012 11:49
Following a period of weakness, Credit Suisse has upgraded its rating on the shares of oilfield services group Petrofac from 'neutral' to 'outperform' and raised its target price from 1,750p to 1,800p. "We believe the stock has performed poorly on a lack of project awards over the summer period an
Read moreBroker snap: UBS remains underweight in UK real estate
4th Sep 2012 10:01
UBS says that investors should hold an 'equal-weight' position in the European real estate market, but has recommended to 'underweight the UK'. Real estate equities across Europe have outperformed the wider market by 21% in 2012 so far. "Our data suggests most generalists are underweight real est
Read moreTuesday broker round-up
4th Sep 2012 09:31
Ashtead: Jefferies lifts target from 360p to 320p, buy rating kept. Barclays: JP Morgan downgrades to neutral from overweight, target cut from 265p to 250p. British Land: UBS downgrades to neutral, target cut from 575p to 560p. Capital Shopping Centres Group: UBS upgrades to buy, target lifted fr
Read moreLondon open: Stocks slip before US data
4th Sep 2012 08:30
- Moody's lower EU rating to 'negative' - Markets await US ISM data - Investors keep eyes pinned on ECB UK stocks pulled back on Tuesday morning following a strong performance the day before as some gloomy comments from Moody's and caution ahead of some US economic data dampened sentiment. Yesterd
Read moreThursday broker round-up
23rd Aug 2012 09:29
Aegis: Nomura maintains buy rating and 240p target. British Land: Jefferies downgrades to hold. Cobham: Citigroup downgrades to neutral, target cut from 265p to 230p. Diageo: Jefferies maintains buy rating and 1,915p target; Investec maintains buy rating and 1,900p target. Evraz: HSBC upgrades t
Read moreShanks hails green success in Glasgow
22nd Aug 2012 08:05
Waste management group Shanks has been blowing its own trumpet, saying that the Silverburn Shopping Centre in Glasgow is no longer sending any of its waste to landfill since appointing Shanks to handle its recycling. Shanks won the recycling contract just six weeks ago, and has been instrumental in
Read moreThursday broker round-up
16th Aug 2012 10:06
Aegis: UBS downgrades to neutral. Babcock: Espirito Santo downgrades to neutral. Balfour Beeatty: HB Markets downgrades to hold; Deutsche Bank downgrades to hold. BG Group: Morgan Stanley downgrades to equal weight. Capital Shopping Centres: Oriel Securities upgrades to hold. Carclo: N+1 Brewin
Read moreFTSE 100 movers: ENRC profits slide
15th Aug 2012 13:59
Diversified mining giant Eurasian Natural Resources Corp (ENRC) dropped into the bottom spot after being hit by a fall in commodity prices and challenging economic conditions in the first half, meaning that both revenues and profits were significantly lower than the same period in 2011. The group sl
Read moreLondon midday: Footsie stays lower despite jobless data
15th Aug 2012 11:38
- MPC in wait-and-see mode - UK jobless rates falls more than expected - StanChart, Resolution lead the risers UK equities were stuck in the red by Wednesday lunchtime as minutes from the latest rate-setting meeting at the Bank of England dampened expectations that the Monetary Policy Committee (MP
Read moreLondon open: Tobacco stocks provide a drag early on
15th Aug 2012 08:28
- Greece to ask for more time - Markets await MPC minutes - Tobacco stocks fall on Australian plain packaging issue UK stocks slipped on Wednesday morning on the back of concerns over Greece and ahead of a keenly awaited report on US industrial output; tobacco companies were leading the decline in
Read moreMonday broker round-up
13th Aug 2012 08:16
AMEC: HSBC cuts target from 1,280p to 1,275p, overweight rating kept. Aviva: Exane BNP Paribas downgrades to neutral. British American Tobacco: Nomura keeps buy rating and 3,390p target. British Land: JPMorgan Cazenove ups target from 560p to 610p, overweight rating kept. BSkyB: Nomura maintains
Read moreFiltrona director sells shares after strong half year results
10th Aug 2012 15:32
Russ Rogers, the president of Porous Technologies at Filtrona, the FTSE 250 speciality plastic, fibre and foam products supplier, has sold 101,739 shares in the company. Rogers was awarded the shares under the group's long term incentive plan on August 9th and on the same day he sold 23,616 of the
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