Intu Properties rental income grows but profit falls
26th Feb 2016 07:49
(ShareCast News) - Intu Properties reported a drop in 2015 pre-tax profit and a lower property revaluation surplus, although the shopping centre owner saw an increase in rental income. For the year to the end of December, the group - which owns Bluewater in Kent and Lakeside in Essex - made a pre-ta
Read moreTuesday broker round-up
9th Feb 2016 15:11
(ShareCast News) - Glencore: RBC Capital upgrades to outperform with a target of 135p. Barclays and JP Morgan stay at overweight and Goldman Sachs keeps at neutral. First Quantum Minerals: Goldman Sachs downgrades to sell with a target price of 130p. Randgold: Ubs downgrades to neutral, 6000p targe
Read moreIntu Properties on track for rental income growth
6th Nov 2015 07:38
(ShareCast News) - Real estate investment trust Intu Properties is on track for a return to like-for-like net rental income growth for the year following a 1% drop in the first half, as lettings and occupancy improve. In a trading update for the period from 1 July to 6 November, the company said it
Read moreFTSE 100 movers: Glencore and Antofagasta lead blue chips higher
7th Sep 2015 15:20
(ShareCast News) - The FTSE 100 began the week on the front foot, lifted by commodities giants Glencore and Antofagasta. With less than an hour before the London session's close, the blue chip index was up 0.48% at 6,071.64 points. Glencore was surging on the back of its new plan to pare back its $
Read moreIntu Properties COO to retire at the end of the year
7th Sep 2015 11:11
(ShareCast News) - Intu Properties' chief operating officer Mike Butterworth will retire on 31 December 2015. The company, which owns shopping centres, said the process of determining how best to fill Butterworth's role has commenced and further details will be announced in due course. Chief execut
Read moreUBS updates Intu Properties to 'buy' off better prospects
12th Aug 2015 11:16
(ShareCast News) - UBS upgraded Intu Properties to 'buy' from 'neutral' and said the mall owner had better operational prospects. Analyst Charles Boissier said in a note it had upped the stock's price target to 370p from 380p. Boissier said now was the time to buy the stock as it was at a discount
Read moreLondon close: Stocks fall as traders take profits ahead of Greek referendum
3rd Jul 2015 16:31
UK stocks finished firmly lower on Friday as investors showed their nerves ahead of a pivotal weekend for Greece as the public votes on creditors' bailout proposals. With the result of the referendum apparently too close to call and reports claiming that Greek banks were beginning to run out of mone
Read moreFTSE 100 movers: RBS hit by mortgage bond allegations, Vodafone by ML note
3rd Jul 2015 13:34
UK stocks inched lower on Friday, as investors continued to fret in the run up to Sunday's Greek referendum. As of 14:30 BST, the FTSE 100 was trading 0.5% lower at 6,595, led by Vodafone after a negative note on the telecoms giant by Merrill Lynch, which told clients it felt the stock's recovery re
Read moreFTSE 100 movers: Supermarkets hit by Credit Suisse note, property stocks lower
17th Jun 2015 13:35
UK stocks dipped on Wednesday, led by sector weakness in supermarkets and property, which overshadowed gains made by construction, telecommunications and mining stocks. As of 15:00 BST, the FTSE 100 was trading 0.26% lower at 6,693. Supermarket rivals Morrisons, Sainsbury's and Tesco fell after Cre
Read moreIntu Properties welcomes 50% investor for Spanish shopping centre
2nd Jun 2015 13:52
Intu Properties is once again partnering with Canada Pension Plan Investment Board (CPPIB) to form a joint venture to share ownership of Puerto Venecia shopping centre in Zaragoza, Spain. CPPIB will pay €225.4m to acquire a 50% interest in the property, which Intu purchased at the beginning of the y
Read moreSector movers: Miners weigh on FTSE, real estate continues to rally
19th May 2015 17:27
Industrial metals and mining provided the biggest drag on the FTSE on Tuesday, with giants BHP Billiton and Rio Tinto registering some of the biggest losses. BHP Billiton, by the far the UK's biggest miner, extended Monday's decline, which was driven by the disappointing Australian debut of its spin
Read moreIntu's John Whittaker raises stake through £5.6m share purchase
11th May 2015 15:26
John Whittaker, the deputy chairman of shopping-centre owner Intu Properties, has topped up his already sizeable stake in the company in a transaction worth £5.6m. Whittaker, the Peel Group founder who was appointed to Intu's board in January 2011, last week bought 1.64m shares through Albright Inve
Read moreIntu reports flat UK mall footfall and encouragement from Spain
6th May 2015 08:13
Shopping centre owner Intu Properties said the UK letting market was continuing to improve and Spain was an increasingly encouraging growth opportunity as the economy improves. In a statement ahead of its annual shareholder meeting, the FTSE 100 real estate group signed 44 new long-term leases with
Read moreFTSE 100 movers: Lloyds surges on strong first quarter profits, property stock lower
1st May 2015 13:10
Lloyds Banking Group topped the risers after delivering a bigger-than-forecast 21% jump in underlying profits in the first quarter, as impairment charges more than halved. The UK lender also lifted its net interest margin guidance for the full year and improved its capital position. Stimulus hopes w
Read moreFTSE 100 movers: Exane boosts StanChart, sees buy-backs at Glencore
9th Mar 2015 14:04
Analysts at Exane BNP Paribas have hiked their price target on shares of Standard Chartered to 940p from 875p but write that that the chances of a dividend cut are now greater than 50%. On the plus side of things, the broker adds that the lender can now probably avoid a capital increase. On the subj
Read more