Land Securities full year NAV 5% better than consensus, says SocGen
19th May 2015 10:52
Land Securities' full year reported net asset value beat consensus by 5%, while adjusted earnings per share were in line, Societe Generale said in a note on Tuesday. The French bank said that adjusted diluted NAV per share of 1,293p was 3% above its in-house forecast of 1,251p, while the dividend of
Read moreLondon open: FTSE rises ahead of inflation reading
19th May 2015 08:25
London investors began in more optimistic mood than was expected on Tuesday, boosted by bullish comments from the European Central Bank. The FTSE 100, which had been expected to move lower on worries of a US rate hike, spiked through the 7,000 mark for the third day running, standing at 7,001, up 0.
Read moreLondon pre-open: Stocks set to rise ahead of UK inflation data
19th May 2015 07:21
London's blue chip equities are expected to rise on Tuesday morning as the economic data schedule picks up after a quiet start to the week. City sources predict the FTSE 100 will open 13 points higher than Monday's close of 6,968.87. The UK consumer price index will be in focus for investors when i
Read moreLand Securities' full year profit surges
19th May 2015 07:07
British property developer Land Securities reported a rise in full-year pre-tax profit on Tuesday to £2.42bn from £1.1bn last year, driven by a valuation surplus of £2.04bn that includes the company's proportionate share of subsidiaries and joint ventures. The company said it has raised its dividend
Read moreLondon open: Stocks edge higher as corporate updates impress
15th May 2015 08:54
UK stocks edged higher on Friday morning ahead of what is expected to be another quiet session, though trading volumes are expected to pick up slightly. The FTSE 100 was up 0.38% at 6,999.81 early on with corporate updates from a number of blue chips being warmly-received by investors. Markets acro
Read moreThursday broker round-up
26th Mar 2015 17:39
Reckitt Benckiser: JP Morgan ups target price to 2,750p from 2,400p, reiterates underweight. Premier Farnell: UBS hikes target to 190p from 165p, reiterates neutral. Serco Group: Credit Suisse lowers target to 171p from 208p, reiterates neutral. Land Securities: Morgan Stanley ups target to 1,470p
Read moreLondon close: FTSE 100 pares session gains to end lower on low inflation woes
24th Mar 2015 17:01
London's FTSE 100 index underperformed its European peers on Tuesday as investors cut exposure on the back of inflation data from the UK and US. Inflation in the UK fell to zero while in the US, it moved out of the negative zone back into zero. With inflation in both countries at the same rate, defl
Read moreLondon midday: FTSE 100 flutters as investors weigh up positives and negatives
24th Mar 2015 12:00
The UK's FTSE 100 held onto Tuesday's gains as it traded in a narrow range as market participants were being pushed and pulled by a number of conflicting matters that are currently permeating through the market. On the one hand, China's slowing manufacturing sector, as evident from overnight data, s
Read moreLondon open: Stocks post mild gains ahead of key inflation data
24th Mar 2015 08:59
London's benchmark FTSE 100 index kicked off Tuesday's session by posting mild gains following a late recovery in Asian markets overnight and better-than-expected Eurozone data. At 09:06 GMT, the UK index of 100 leading blue-chip stocks rose 0.3% or 20 points to trade at 7046. China's worse-than-ex
Read moreLand Securities sells 95% stake in London's Times Square for £268.4m
24th Mar 2015 07:15
Land Securities sold its 95% stake in the Times Square office building near St Paul's Cathedral to private equity group Blackstone for £268.4m. The contract will reach completion in July and encompasses an office building currently let to six office tenants including Bank of New York Mellon and law
Read moreFTSE 100 movers: Energy stocks and supermarkets trade lower
13th Mar 2015 13:28
Energy stocks declined on Friday, ahead of the Labour Party conference, during which Ed Miliband is expected to outline plans to cut energy prices if his party wins the General Election. SSE and British Gas owner Centrica were both trading lower. Supermarkets Tesco and Sainsbury were trading lower a
Read moreLondon close: Greek concerns send UK stocks to three-week low
9th Mar 2015 17:01
UK stocks fell on Monday, dropping to their lowest in three weeks, as renewed concerns about Greece weighed on sentiment. London's FTSE 100 finished down 0.51% at 6,876.47 by the end of trading on the back of losses in the real estate and construction sectors. The index has not closed below this lev
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 moreLondon midday: Greek fears hit UK stocks as ECB kicks off QE
9th Mar 2015 11:56
UK stocks were trading in the red on Monday despite gains in the heavyweight mining sector as Greek fears dampened sentiment. London's FTSE 100 was down 0.63% at 6,868.56 by midday. Greece's new government has threatened that they could call a referendum or have early elections if the Eurozone reje
Read moreLondon open: Stocks decline on Greek fears, global trade data
9th Mar 2015 08:40
UK stocks fell on Monday morning on the back of renewed concerns about Greece, while investors digested the latest trade data from China and Germany. London's FTSE 100 was down 0.55% at 6,873.61 within the opening hour of trade. Greece's new government has threatened that they could call a referend
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