London open: UK stocks at six-week high as Vodafone gains
11th Nov 2014 08:38
London's stock market was trading at levels not seen since late September on Tuesday as decent gains from Vodafone and a host of real-estate groups outweighed weakness in the mining sector. The FTSE 100 was 0.3% higher at 6,633 in early deals. Nevertheless, gains were only modest early on after the
Read moreLand Securities sees first-half profits surge on stronger portfolio
11th Nov 2014 07:36
Real estate group Land Securities reported a massive increase in profits in its first half and a higher net asset value (NAV), saying that its portfolio is "now in much stronger shape". Pre-tax profit totalled £1,031m in the six months to 30 September, compared with just £397.9m the year before, wit
Read moreLondon close: Miners lead shares higher on gold price rise
7th Nov 2014 17:11
Miners and oil stocks led the London market modestly higher on Friday as gold and oil prices jumped on a weaker dollar and German trade data improved. Silver miner Fresnillo gleamed 34.5p to 734p and Randgold Resources glittered 58p to 4132p as gold prices rose about 2% and a barrel of US crude boun
Read moreLand Securities acquires modest stake in Lend Lease Retail Partnership
23rd Oct 2014 17:19
Land Securities has marginally increased its stake in the Bluewater shopping centre in Kent after acquiring a 1.6% stake in the Lend Lease Retail Partnership for £12.8m. The partnership's major investment is a 25% stake in Bluewater. The FTSE 100 group announced back in June that it had taken a 30%
Read moreSector movers: Cyclicals slump, defensives rise as risk appetite wanes
10th Oct 2014 14:06
Cyclical sectors such as mining and oil services were bearing the brunt of the market sell-off on Friday as fears about a global economic slowdown prompted investors to scale back risk appetite. Mining heavyweights such as Antofagasta, Glencore, Fresnillo and BHP Billiton were all under pressure as
Read moreLand Securities does property swap with TIAA Henderson
10th Oct 2014 10:40
Property developer Land Securities is selling its stake in a shopping centre in south-west England and buying a Scottish mall. Land Securities has exchanged contracts to sell its 50% stake in Princesshay shopping centre and surrounding properties in Exeter totalling 589,000 sq ft to TIAA Henderson R
Read moreSector movers: Property stocks build on deal news
14th Aug 2014 17:30
Property stocks drove top flight shares higher on Thursday after positive news in the sector. British Land and Land Securities were leading the FTSE 100 risers after both secured lucrative property deals this week. On Wednesday, Land Securities exchanged contracts to sell its 50% stake in Cabot Ci
Read moreLondon close: Stocks slightly higher as geopolitical risk decreases
14th Aug 2014 17:22
- Putin says seeks to de-escalate tensions with Ukraine - Finnish Prime Minister says EU not preparing further sanctions against Russia - France tosses out 2014 deficit reduction target techMARK 2,749.57 +0.40% FTSE 100 6,685.26 +0.43% FTSE 250 15,675.56 +0.95% Stocks ended the session slightly hi
Read moreFTSE 100 movers: Admiral and Glencore shares fall after H1 results
13th Aug 2014 14:49
Car insurance group Admiral was a heavy faller on Wednesday after the group said turnover in the first half was down 5% at £1.04bn as a 9% rise in customers was outweighed by a fall in premiums over last year. The company said that while UK premiums are no longer falling a return to growth remains e
Read moreLand Secs continues portfolio reshaping with sale of Bristol's Cabot Circus
13th Aug 2014 08:03
Real estate group Land Securities is to sell its 50% stake in Cabot Circus shopping centre, Quakers Friars and surrounding shops in Bristol for £267.3m. The assets, which currently produce a net rental income of £17.3m to Land Securities, comprise the Bristol Partnership - a joint venture with Hamm
Read moreLand Securities director acquires 10,000 shares
24th Jul 2014 16:26
Cressida Hogg, a Non-Executive Director of Land Securities, has spent £105,000 on 10,000 shares in the real estate investment trust. The purchase marks her only stake in the company. Meanwhile, Rolf Soderstrom, Chief Financial Officer at BTG has sold all of the 34,637 released under the group's
Read moreSector movers: Defensive stocks sought as geopolitical tensions rise
18th Jul 2014 13:48
Defensive stocks were in demand in London on Friday as investors sold off 'riskier' assets in search for safety amid heightened geopolitical tensions across the globe. World leaders have demanded answers after the shooting down of a Malaysia Airlines jet over eastern Ukraine, with 298 people on boa
Read moreLondon midday: UK stocks sink as West imposes new sanctions on Russia
17th Jul 2014 12:10
- US imposes harsher sanctions on Russia, EU to follow suit - Sanctions to have "devastating consequeunces", says VTB boss - ITV shares surge on M&A hopes techMARK 2,791.26 -0.58% FTSE 100 6,739.98 -0.66% FTSE 250 15,516.69 -0.54% UK stocks pulled back sharply on Thursday morning as increased ten
Read moreLondon open: UK stocks retreat, but ITV jumps
17th Jul 2014 09:10
- Stock slip after strong gains yesterday - Upbeat Beige Book leads to another record for the Dow - ITV surges on Liberty Global M&A hopes techMARK 2,795.17 -0.44% FTSE 100 6,769.28 -0.23% FTSE 250 15,542.03 -0.37% London's FTSE 100 slipped on Thursday morning, retreating after a big jump the prev
Read moreLand Securities enjoys London leasing momentum
17th Jul 2014 07:56
- Good momentum in development lettings - 385,000 of space let in Q1 - Interim dividend of 7.9p per share Land Securities claimed a strong start to the year, with strong leasing momentum in office buildings and a continuing shift in retail property portfolio towards "dominance, experience and conve
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