Hammerson to buy back bonds at 7.355 pc premium
26th Apr 2012 10:56
Property group Hammerson has been snowed under with Dutch auction bids from investors keen to sell back their bonds to the company, and has had to scale down its tender offer. The company expects to accept for purchase around 92.3% of all bonds tendered as per the non-competitive tender instruction
Read moreLondon pre-open: FTSE to rise ahead of Spanish bonds auction
19th Apr 2012 07:24
City sources predict the FTSE 100 will open up 24 points from yesterday's close of 5,745 as investors look ahead to today's important sale of Spanish debt in an auction that looks set to raise as much as €2.5bn through the sale of two and ten year bonds. Ladbrokes' reliance on gaming machines to
Read moreHammerson to buy back €200m of corporate bonds
19th Apr 2012 07:13
There is no news yet from real estate investment trust Hammerson on its proposed sale of its London office portfolio, but the group did say there has been a high level of interest in the assets. In its interim management statement, Chief Executive David Atkins revealed that during the first quarter
Read moreThursday preview: SABMiller, Hammerson, Debenhams ...
18th Apr 2012 18:37
A hectic day is in store on Thursday with trading updates expected from SABMiller, Hammerson, Debenhams, Ladbrokes, Persimmon, WH Smith, International Power and Hargreaves Lansdown. Brewing giant SABMiller's fourth quarter trading statement should be "robust", according to Credit Suisse, with a con
Read moreLondon close: Stocks slump on global manufacturing data
22nd Mar 2012 16:57
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks After a steep fall early on, London's blue chips traded broadly sideways for the remainder of the day as gloomy economic data weighed on senti
Read moreLondon midday: Macro data weighs on stocks
22nd Mar 2012 11:43
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks The Footsie was firmly lower by lunchtime as a result of heavy losses in the mining sector on the back of some gloomy economic data from China.
Read moreThursday broker round-up
22nd Mar 2012 09:58
AMEC: JP Morgan Cazenove downgrades from overweight to neutral, target lifted from 1,252p to 1,344p. AstraZeneca: Liberium Capital upgrades from sell to buy, target lifted from 2,700p to 3,100p. British Land: Espirto Santo downgrades from buy to neutral. Capital Shopping Centres Group: Societe Ge
Read moreLondon open: Stocks slump on Chinese manufacturing data
22nd Mar 2012 08:33
- Chinese data dampens sentiment - Randgold plummets on Malian troubles - Broker downgrades weigh on AMEC, REIT stocks The Footsie sank in early trading on Thursday with the miners providing a drag after the release of more disappointing economic data from China. Chinese factory activity register
Read moreMonday broker round-up - UPDATE
19th Mar 2012 09:37
Antofagasta: Exane BNP Paribas upgrades from neutral to outperform, target lifted from 1,200p to 1,450p; Nomura cuts target to 1,500p from 1,650p, buy rating unchanged. AstraZeneca: Goldman Sachs cuts target from 3,350p to 3,306p, neutral rating kept. Barclays: UBS raises target from 240p to 272p,
Read moreFTSE 100 movers: Legal and General divi rise sends shares soaring
14th Mar 2012 14:07
The legion of income investors holding shares of Legal and General were cheered by the insurance leviathan's decision to bump up the 2011 dividend by more than a third, well ahead of market expectations. The final dividend in respect of fiscal 2011 has been increased by a whopping 39% to 4.74p per
Read moreLondon midday: Financials jump despite jobs data
14th Mar 2012 11:43
- UK unemployment on the rise - Banking stocks lifted by US stress test results - Legal and General beats forecasts in 2011 Stocks held on to earlier gains by lunchtime on Wednesday despite some gloomy jobs data. Financials were leading the rise, buoyed by the results of the stress tests in the US
Read moreLondon open: Legal and General leads the Footsie higher
14th Mar 2012 08:28
- Legal and General jumps five per cent after solid 2011 - Majority of US banks pass stress tests - Osborne considering 100-year gilts London's blue chips rose strongly on Wednesday morning, led by financial stocks, following on from a surge on Wall Street last night. The Footsie opened up at level
Read moreLondon close: Stocks surge ahead of Greek debt-swap deadline
8th Mar 2012 16:31
- Greek debt-swap participation rate estimated at 61 percent. - BoE, ECB keep rates on hold. - ECB cuts growth forecasts for Eurozone. The Footsie finished in the day in a bullish mood on the back of optimism that Greece will reach its participation target for the debt-swap deal to avoid a disorder
Read morePatagonia Gold CEO adds to share pile
7th Mar 2012 16:07
William Humphries, Chief Executive Officer of Patagonia Gold, the Argentina-focused mining firm, has purchased 300,000 shares in the firm. The director bought the shares at an average price of 35.67p for a total of £107,010, taking his total stake in the company to 15,393,857 shares, representing a
Read moreLondon midday: Eurozone concerns continue to weigh on stock
2nd Mar 2012 11:50
- Eurogroup releases 58bn euros but delays full Greek bailout. - Banks park record amount in ECB overnight. - International Power rises on Indonesian deal. - Goldman upgrades banks, utilities. The FTSE 100 was still trading slightly lower by lunchtime, with all eyes on the Eurozone. European leade
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