Monday newspaper round-up: Retail sales, Land Securities, George Osborne...
6th Jan 2014 07:21
Christmas failed to light up the high street, with figures today pointing to an "underwhelming" December for many retailers. Releasing its latest sales tracker, accountancy firm BDO said overall like-for-like sales among UK "mid-market" retailers were down 2.2 per cent year-on-year. Last minute pres
Read moreLondon close: Markets close higher in shortened session, Debenhams sinks
31st Dec 2013 12:48
- Real estate, housing stocks buoy markets - Debenhams drops after gloomy Christmas update - FTSE 100 up 14.4 per cent in 2013 - US data in focus later on techMARK 2,781.28 -0.02% FTSE 100 6,749.09 +0.26% FTSE 250 15,935.35 +0.22% Stocks finished moderately higher in a shortened session on Tuesday
Read moreLondon midday: Markets hold on to gains but Debenhams drops
31st Dec 2013 11:36
- Real estate, housing stocks buoy markets - Debenhams drops after gloomy Christmas update - US data in focus later on techMARK 2,781.38 -0.02% FTSE 100 6,750.03 +0.28% FTSE 250 15,900.19 -0.00% The FTSE 100 held on to gains on Tuesday morning despite a trading update from Debenhams dampening sent
Read moreAberdeen Deputy CEO trousers 5.4m pounds as shares 10-year high
19th Dec 2013 14:39
It was revealed that Aberdeen Asset Management's Deputy Chief Executive Officer (CEO) Andrew Laing sold 2.6m pounds in shares earlier this week as well as selling 2.7m pounds-worth of new shares awarded in his long-term bonus plan. Aberdeen shares recently hit heights not seen since 2001. Down th
Read moreWednesday broker round-up UPDATE
11th Dec 2013 08:35
Afren: Goldman Sachs lowers target price from 280p to 270p, while leaving its strong buy recommendation unaltered. Canaccord Genuity takes target price from 190p to 205p and keeps a buy recommendation. Alternative Networks: Westhouse Securities upgrades from neutral to add with a target price of 44
Read moreThursday 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
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