Intu Properties posts one per cent rise in year-to-date footfall
8th May 2014 08:27
An improved retail environment helped Intu Properties deliver a one per cent increase in year-to-date footfall, while occupancy levels remained high at 95 per cent. The shopping centres developer and manager said it had begun to see areas of increased interest from retailers, including for new bra
Read moreIntu Properties completes triple acquisition
1st May 2014 13:29
Intu Properties has completed the acquisitions of the Westfield Derby shopping centre, the Sprucefield retail park in Northern Ireland, as well as a 50 per cent stake in the Westfield Merry Hill shopping centre in the West Midlands. All three sites were acquired from Westfield Group for a total of
Read morePace CEO trades in 50,000 shares
15th Apr 2014 14:42
Mike Pulli, the Chief Executive Officer of Pace has disposed of 50,000 shares, although it said the transaction was carried out to cover tax liabilities in the US. The disposal generated just over £199,000, having traded in the shares at 398.10p. He reduced his beneficial holding in the company
Read moreTuesday broker round-up UPDATE
1st Apr 2014 09:39
African Barrick Gold: Deutsche Bank raises target price from 240p to 310p and keeps a hold recommendation. African Minerals: Deutsche Bank lowers target price from 399p to 382p, while its buy recommendation is kept. Allergy Therapeutics: Panmure Gordon ups target price from 16p to 25p and retains
Read moreFriday broker round-up UPDATE
21st Mar 2014 09:36
Anglo American: Nomura reduces target price from 1550p to 1475p and retains a neutral rating. Antofagasta: Nomura cuts target price from 800p to 720p and stays with its reduce rating. Canaccord Genuity reduces target price from 1030p to 880p, while its buy recommendation is kept. ASOS: UBS reduces
Read moreFTSE 250 movers: Ophir rises after positive Deutsche Bank rating
20th Mar 2014 14:45
Ophir Energy was a strong riser after Deutsche Bank reiterated its 'buy' rating on the stock despite it posting wider annual losses. The group fell sharply in yesterday's session after it said it had failed to encounter significant hydrocarbons at the Padouck Deep-1 well in the Ntsina block offshore
Read moreIntu acquires three new sites following 'rare and attractive opportunity'
20th Mar 2014 09:14
Intu Properties has unveiled plans to acquire three shopping centres from Westfield Group for a total of 867.8m pounds. The group will acquire the Westfield Derby shopping centre, the Sprucefield site in Northern Ireland, as well as a 50% stake in the Westfield Merry Hill near Birmingham. The co
Read moreFriday broker round-up UPDATE
7th Mar 2014 09:39
AGA Rangemaster: N+1 Singer ups target price from 175p to 192p and maintains a buy recommendation. Aggreko: JP Morgan lowers target price from 1542p to 1536p and maintains a neutral rating. Goldman Sachs increases target price from 1876p to 1950p and keeps a buy recommendation. Numis upgrades to re
Read moreMonday broker round-up UPDATE
3rd Mar 2014 08:21
African Barrick Gold: Citi increases target price from 120p to 179p, but still recommends selling. African Minerals: Citi cuts target price from 300p to 260p leaving its buy recommendation unchanged. Aggreko: Deutsche Bank reduces target price from 1870p to 1400p and downgrades to hold. Anglo Ame
Read moreFTSE 250 movers: African Barrick Gold soars
19th Feb 2014 14:37
African Barrick Gold was a strong riser despite there being no apparent reason for its gain. Bryce Elder, an FT Alphaville contributor, commented today that 'the volume says to me it may be something more than a highly geared play on the gold price'. UK housebuilder Galliford Try reported an 18% r
Read moreIntu Properties raises funds for future projects
19th Feb 2014 12:41
Intu Properties has raised funds for future projects via the launch of 110m pounds-worth of additional notes under the Trafford Centre Finance Commercial Mortgaged-backed Securities (Trafford CMBS) transaction. The company said the funds would be used to develop the pipeline of active management p
Read moreIntu Properties confirms talks with Westfield
30th Jan 2014 16:39
FTSE 250 property group Intu issued a statement on Thursday afternoon confirming that it is in discussions with Westfield regarding the potential acquisition of its Derby shopping centre together. It said it had talked about the potential taking an equity interest in, and management contract for,
Read moreMonday broker round-up UPDATE
27th Jan 2014 09:30
Aberdeen Asset Management: Espirito Santo cuts target price from 573p to 514p and keeps a buy recommendation. Morgan Stanley reduces target price from 492p to 393p and stays with its equal-weight rating. Amino Technologies: N+1 Singer shifts target price from 89p to 93p and reiterates a hold recomm
Read moreThursday broker round-up UPDATE
23rd Jan 2014 09:12
Afren: Investec ups target price from 170p to 200p and maintains a buy recommendation. AG Barr: Investec raises target price from 585p to 620p retaining an add rating. Canaccord Genuity ups target price from 630p to 650p and keeps a buy recommendation. Arbuthnot: Numis downgrades from add to hold
Read moreBroker snap: Real estate stocks to benefit from UK recovery, says HSBC
21st Jan 2014 15:57
Upbeat comments from HSBC gave real estate investment trust (REIT) stocks a boost on Tuesday, as the bank raised hopes that property companies will benefit from the UK's 'resurgent economic recovery'. In a review on the wider European REIT sector, HSBC said that the UK commercial real estate market
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