London midday: Spanish bond sale boosts banks
17th Jun 2010 12:05
BP and the banks are leading the market higher, with the latter in demand after concerns over Spain's ability to raise money on the bond markets were eased by the latest Spanish bond auction, which saw a higher level of demand than the March offering. Royal Bank of Scotland, Lloyds Banking and Bar
Read moreLondon open: BP shares jump
17th Jun 2010 08:29
BP is leading London's blue chips higher in early dealings on Thursday following yesterday's meeting with the US president. BP has cancelled dividends for the rest of the year and agreed to a demand from US president Obama to put $20bn in an escrow account to cover claims resulting from the oil spi
Read moreHammerson reduces stake in Paris asset
17th Jun 2010 07:50
Hammerson, the UK property giant, is selling a majority stake in a shopping centre near Paris, though it will continue to manage the asset. Hammerson is to sell a 75% interest in the Espace Saint Quentin shopping centre, Saint Quentin-en-Yvelines near Paris, to Allianz Real Estate GmbH, for €176m.
Read moreHammerson Sells 75% Interest In Espace Saint Quentin
17th Jun 2010 07:19
LONDON (Dow Jones)--Hammerson PLC (HMSO.LN), said Thursday that it has exchanged conditional contracts to sell a 75% interest in the Espace Saint Quentin shopping centre, Saint Quentin-en-Yvelines near Paris, to Allianz Real Estate GmbH. MAIN FACTS: -Hammerson will receive proceeds from the
Read moreMARKET TALK: Budget Could Stall Mid/Small Cap Outperformance
16th Jun 2010 10:56
0956 GMT [Dow Jones] Next week's UK budget could mark the end of the outperformance of mid and small-cap stocks, due to their generally higher exposure to government contracts, says Deutsche Bank. Suggests the IT services sector, newspapers, defense stocks and housebuilders could continue to struggl
Read moreWhite Tower CMBS Sale Good For Senior Noteholders - Moody's
14th Jun 2010 16:21
LONDON (Dow Jones)--Private equity firm Carlyle Group's planned purchase of six properties from entrepreneur Simon Halabi's former GBP1 billion property portfolio, will be positive for senior noteholders in the high profile commercial mortgage-backed securities deal, White Tower 2006-3, Moody's Inve
Read moreLondon close: BP recovery lifts Footsie
11th Jun 2010 16:34
Footsie closed in the blue after recovering from an earlier dive on the back of disappointing retail sales in the US. BP was in focus as the oil giant recovered from heavy losses that have come in the wake of the ongoing oil leak in the Gulf of Mexico. BP finished 8% higher, despite the amount of
Read moreLondon afternoon: US retail sales data spooks equities
11th Jun 2010 14:40
Footsie's morning gains evaporated over the lunchtime session after much worse than expected US sales figures were released. US retail sales had been expecting to rise 0.3% in May after climbing 0.4% in April but instead of rising they took a step back for the first time since September, falling 1
Read moreLondon midday: BP bounces back
11th Jun 2010 12:27
Though miners and banks are in the doldrums the market is making headway and, unusually, the advance is being led by BP. The oil giant yesterday reported the amount of oil it is capturing from the Gulf of Mexico leak has risen to 15,800 barrels per day, but as fast as it is improving the rate at w
Read moreLondon open: BP revival lifts Footsie
11th Jun 2010 08:58
A revival by BP has started Footsie off on the front foot this morning after a surge by oil stocks on Wall Street overnight. BP is the best performer. The company yesterday reported the amount of oil is capturing from the Gulf of Mexico leak has risen to 15,800 barrels per day, though an upward rev
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
11th Jun 2010 07:45
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0645 GMT [Dow Jones] Hammerson's (HMSO.LN) acquisition of Leadenhall Court increases the size of the company's portfolio by o
Read moreMARKET TALK: Hammerson Acquisition Fairly Small - KBC
11th Jun 2010 07:45
0645 GMT [Dow Jones] Hammerson's (HMSO.LN) acquisition of Leadenhall Court increases the size of the company's portfolio by only about 1%, so it is not material for forecasts, says KBC Peel Hunt. Says the building is let to March '14 and the passing rent of GBP7.2M implies an initial yield of 11%. H
Read moreLondon pre-open: Orders lined up for opening time
11th Jun 2010 07:37
There is a bit of a beer theme ahead of opening time for London markets, with cask ale brewers Greene King and Fuller's both making a splash. Pub group and brewer Fuller's posted record profits last year as its managed pubs and hotels pushed forward with its brewing business also going well. Profi
Read moreHammerson Buys Leadenhall Court, London EC3 Leashold For GBP65M
11th Jun 2010 07:08
LONDON (Dow Jones)--Hammerson PLC (HMSO.LN), a European real estate company, operating in the U.K. and France, said Friday it has exchanged conditional contracts for the acquisition of a long leasehold interest in Leadenhall Court, a City of London office building, for GBP65 million. MAIN FACTS:
Read moreHammerson secures City lease
11th Jun 2010 07:07
Real estate investment trust Hammerson has bought a long leasehold on a modern building in the heart of the City of London's insurance district. The company has exchanged conditional contracts for the acquisition of a long leasehold interest in Leadenhall Court, a City of London office building, fr
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