Thursday broker round-up UPDATE
28th Nov 2013 08:23
Anglo American: Liberum Capital upgrades to hold with a target price of 1150p. Associated British Foods: Jefferies increases target price from 1750p to 2400p, while staying with its hold recommendation. Beazley: Canaccord Genuity ups target price from 260p to 270p leaving its buy recommendation un
Read moreLondon open: Stocks fall ahead of UK inflation data
12th Nov 2013 08:22
- Markets eye inflation data - BoE Inflation Report due tomorrow - Corporate earnings come in mixed techMARK 2,636.87 -0.14% FTSE 100 6,706.83 -0.32% FTSE 250 15,395.24 -0.16% UK markets opened lower on Tuesday morning as investors refrained from building positions ahead of domestic inflation data
Read moreLand Securities lifts interim profit and dividend
12th Nov 2013 07:07
- Net asset value rises 3.6 per cent - Lifts dividend payment 2.7 per cent - Remains a highly competitive market Real estate giant Land Securities posted improved revenue profit and net asset value (NAV) during the six months ended September 30th and said it is confident of delivering future progr
Read moreLondon pre-open: FTSE to open marginally higher
12th Nov 2013 06:59
City sources predict the FTSE 100 will open around two points higher than yesterday's close of 6,728.37, tracking modest gains seen in the US last night and ahead of today's inflation figures. US markets ended slightly higher yesterday, with the Dow Jones Industrial Average hitting another record c
Read moreFriday tips round-up: Melrose Industries, Land Securities, Hays
11th Oct 2013 07:18
Private equity giant Kohlberg Kravis Roberts (KKR) has its work cut out for it following the purchase of the US-based Crosby businesses from Melrose Industries. After all, it has paid 1bn pounds - or 10 times earnings before interest, tax, depreciation and amortisation - from what amounts to another
Read moreLand Securities sells Bankside properties for 315m pounds
10th Oct 2013 09:40
Land Securities has struck a deal to sell its Bankside properties on the South Bank in London to M&G Real Estate for 315m pounds. The property giant redeveloped the Bankside complex next to the Tate Modern art gallery in 2007 helping to rejuvenate this part of the South Bank. It is now selling Ban
Read moreLand Securities and British Land sell former JV asset
8th Oct 2013 11:34
FTSE 100 companies Land Securities and British Land have agreed, through their 50/50 joint venture (JV), to sell the Bon Accord and St Nicholas shopping centres in Aberdeen. The two groups earned a total of £189m from the sale. Land Securities Executive Director Richard Akers said: "After a numb
Read moreTuesday broker round-up UPDATE
1st Oct 2013 09:35
African Minerals: Credit Suisse reduces target price from 350p to 280p and downgrades to neutral. British Land: Societe Generale cuts target price from 670p to 620p and downgrades to hold. Derwent London: Societe Generale reduces target price from 2610p to 2470p downgrading to hold. Faroe Petrole
Read moreLand Securities takes stake in X-Leisure Unit Trust to 95 per cent
19th Sep 2013 10:39
Land Securities, the UK's largest commercial property company, has agreed to purchase a further 36.5 per cent stake in the X-Leisure Unit Trust, taking its total ownership to 95 per cent. The total cash consideration of £104m represents a price per unit of 37.96p. The X-Leisure portfolio compris
Read moreLondon close: Stocks inch higher after choppy session
11th Sep 2013 16:57
Markets were rangebound on Wednesday but managed to eke out small gains by the close of trade as traders digested ongoing developments in Syria and a fall in unemployment in the UK. The FTSE 100, which swung between gains and losses for most of the day, finished just 4.44 points higher at 6,588.43
Read moreLondon midday: Markets pause after recent gains, UK unemployment falls
11th Sep 2013 11:50
Stocks were trading broadly flat on Wednesday morning with markets rangebound after hitting a four-week high the day before, as traders continued to digest recent developments in Syria after the government agreed to hand over its chemical weapons. The FTSE 100 was swinging between gains and losses
Read moreLondon open: Stocks pull back from four-week high
11th Sep 2013 08:19
FTSE 100 opened slightly lower on Wednesday morning as markets paused for breath to digest recent developments in Syria after the government agreed to hand over its chemical weapons. London's benchmark index finished Tuesday's session at 6,583.99, its highest closing price since August 14th when it
Read moreLondon midday: Markets cautious ahead of risk events, Syria action
4th Sep 2013 11:26
Traders adopted a cautious approach on Wednesday morning with UK stocks registering losses in morning trade ahead of a number of 'risk events' later in the week which have the potential to spark market volatility. Fears about impending US military action in Syria also hit investor sentiment today a
Read moreLondon open: Potential strike on Syria worries investors early on
4th Sep 2013 08:32
Stocks declined on Wednesday morning on concerns over an imminent Western military intervention in Syria, with investors also choosing to scale back positions ahead of a number of 'risk events' later on in the week. The Senate Foreign Relations Committee last night gave the green light on a US atta
Read moreFTSE 100 movers: Tullow Oil rebounds as real estate stocks decline
3rd Sep 2013 16:25
Real estate stocks were among the worst performers on Tuesday after some gloomy comments from Deutsche Bank, which downgraded a collection of companies under its coverage. The German bank cut ratings for UK-listed property peers Land Securities, British Land, Great Portland Estates, Intu Properties
Read more