Sector movers: Intu and British Land lead real estate stocks lower
18th Feb 2015 14:55
Real estate groups were among the worst performers in London on Wednesday with broker downgrades hitting shares of heavyweights Intu Properties and British Land. Shopping centre owner Intu fell 3% to 365.2p after analysts at Barclays lowered their rating on the stock from 'equal weight' to 'underwei
Read moreLand Securities buys interest in East London site
16th Feb 2015 09:12
Land Securities has agreed to buy the leasehold interest in an 1.9 acre site in East London for £16.5m. The site includes vacated 1970s offices and a TfL worksite at 21 Moorfields, EC2. Land Securities entered into a conditional agreement to acquire the site in December 2012 before receiving the gr
Read moreLand Securities confirms Oxford Westgate construction will begin in spring
9th Feb 2015 07:52
A Land Securities joint venture to complete the £440m redevelopment of Oxford's Westgate shopping centre will begin construction in spring after the companies confirmed the project will go ahead. The Westgate Oxford Alliance, a joint venture between Land Securities and The Crown Estate, confirmed th
Read moreLand Securities benefits from London store space shortage in third quarter
21st Jan 2015 08:23
Land Securities said rental values in London are rising due to a shortage of new commercial spaces. In the third quarter the group signed £10.9m investment lettings, according to a trading update on Wednesday. Retail sales were up 3.2% like-for-like during the quarter. The group made portfolio sal
Read moreLondon midday: Stocks trim gains ahead of early finish on NYE
31st Dec 2014 11:25
UK stocks had pared gains by midday but were still trading marginally in positive territory heading into the close on a shortened New Year's Eve session. The FTSE 100 was up 0.05% at 6,551 by noon on the last trading day of the year, but looks set to finish December down 2.6% - its worst December in
Read moreLondon open: Stocks rise but FTSE 100 on track for annual decline
31st Dec 2014 08:54
London's stock market rose on Wednesday after a sell-off the previous session, but still looked set to finish 2014 in the red. The FTSE 100 was up 0.2% at 6,559 on the last trading day of the year, but has fallen around 2.8% since the start of January. For the month of December alone, the Footsie h
Read moreLondon open: Stocks sideswiped by oil plunge, growth concerns, Tesco profit warning
9th Dec 2014 09:24
UK stocks dropped sharply for the second straight session on Tuesday as plummeting oil prices, macro concerns and a profit warning from retail giant Tesco hammered market sentiment. After losing 1% of its value the previous session, London's FTSE 100 was down a further 1.3% at 6,584 in early deals.
Read moreLand Securities sells two Scottish retail assets as portfolio reshape continues
9th Dec 2014 07:29
UK-listed property giant Land Securities has sold two retail assets in Livingston in West Lothian, Scotland, as it continues to refocus its shopping centre portfolio. The company has disposed of The Centre and Almondvale West Retail Park to HSBC Alternative Investments, together with Hines acting as
Read moreLondon open: UK stocks tread water ahead of BoE, ECB policy meetings
4th Dec 2014 08:38
The UK stock market opened more or less unchanged on Thursday as investors scaled back their risk appetite ahead of a busy day, with central bank meetings lying ahead in the UK and Europe. While both the Bank of England and European Central Bank are expected to leave monetary policy unchanged, all e
Read moreBroker tips: LSE, Hargreaves Lansdown, British Land, Friends Life
24th Nov 2014 15:04
Financial services group London Stock Exchange's steady earnings growth, in an environment where most of its peers have suffered earnings downgrades, has seen its stock significantly outperform its peers. Analysts at Citigroup expect the earnings momentum from the company's high-growth businesses, s
Read moreLiberum downgrades British Land to 'hold'
24th Nov 2014 09:56
Lower UK bond, or Gilt, yields have prompted broker Liberum to lift its net asset value (NAV) forecasts for UK property groups British Land and Land Securities. "In our view, the UK real estate cycle sits in something of a sweet-spot, where yields appear unlikely to rise in the near future and renta
Read moreLand Securities gains full control of Wapping estate
20th Nov 2014 09:28
Land Securities has acquired full control of Wapping's Thomas More Square estate for £85.3m as it moves ahead on redeveloping the area with refurbished office and retail space. The real estate investment trust (REIT) bought the remaining 50% share it did not already own from an affiliate of its join
Read moreThursday broker round-up.-Update
13th Nov 2014 10:21
AstraZeneca: JP Morgan raises target price from 3700p to 4100p, keeping its underweight rating. AVEVA Group: Barclays upgrades to overweight. Bellway: Credit Suisse raises target price from 1876p to 1905p and keeps a neutral rating. Bow Leven: Barclays shifts target price from 45p to 50p and retai
Read moreWednesday broker round-up UPDATE
12th Nov 2014 09:07
Aberdeen: UBS lowers target price from 465p to 450p and downgrades from buy to neutral. ASOS: Societe Generale reduces target price from 5000p to 4450p, while leaving its buy recommendation unchanged. BG Group: Deutsche Bank reduces target price from 1400p to 1300p and keeps a buy recommendation.
Read moreLondon midday: Vodafone leads UK markets higher, but resource stocks weigh
11th Nov 2014 11:34
Strong gains from Vodafone and a string of property companies pushed UK shares into positive territory on Tuesday, though weakness in the resource sectors was limiting upside as the stock market fluctuated at a six-week high. The FTSE 100 was up just 0.1% at 6,618 by midday, having pulled back sligh
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