Liberum 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
Read moreLondon 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
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