Land Securities continues to make good progress - UPDATE
23rd Jan 2013 07:26
Commercial property company Land Securities said Wednesday it continued to make good progress in the third quarter as it acquired development lettings and achieved strong operational performance across its investment portfolio. The FTSE 100 group signed £10.8m in development lettings since October
Read moreWednesday preview: FTSE 100 big hitters swing results
22nd Jan 2013 15:53
A parade of FTSE 100 companies will be under the spotlight Wednesday as Unilever, BHP Billiton, Land Securities Group and Sage Group release their latest results. Consumer goods giant Unilever will release its fiscal year statement. Consensus expectations are for fiscal year 2012 revenue of €51,29
Read moreTuesday broker round-up UPDATE
22nd Jan 2013 07:06
Afren: Liberum Capital shifts target price from 120p to 123p staying with its hold recommendation. ASOS: Exane BNP increases target price from 3000p to 3100p and retains an outperform rating. BP: RBC downgrades to sector perform from outperform. Brammer: Peel Hunt moves target price from 300p to
Read moreLand Secs takes over X-Leisure centres
17th Jan 2013 07:29
Land Securities now owns a majority stake in X-Leisure Unit Trust, the company behind the Xscape and SNO!zone entertainment centres in the UK. The company announced on Thursday morning that it has completed the purchase of a 42% interest in X-Leisure Unit Trust and 100% holdings in X-Leisure Limite
Read moreLand Securities to increase its stake in X-Leisure
21st Dec 2012 14:12
Real estate group Land Securities is set to increase its stake in X-Leisure - the company behind the Xscape and SNO!zone entertainment centres in the UK. The FTSE 100 company has been the green light from the unit holders of X-Leisure Unit Trust to acquire 100% in X-Leisure from property investme
Read moreLondon close: Markets unfazed by Osborne's budget
5th Dec 2012 17:10
- Miners gain on Chinese optimism - OBR cuts GDP forecasts - US ISM data lifts markets in afternoon trade The Footsie finished the day with decent gains on Wednesday as investors mostly shrugged off Chancellor George Osborne's budget statement, with the upbeat mood helped by economic data from the
Read moreFTSE 100 movers: Miners lead the way
5th Dec 2012 15:16
Mining stocks were performing well today on increasing optimism about China; Vedanta, Kazakhmys, Anglo American and Rio Tinto were all making decent gains. Precious metals giant Polymetal also advanced after saying it was giving $191m dollars back to shareholders by way of a special dividend. Su
Read moreDay of leisure for Land Securities
4th Dec 2012 07:55
Land Securities said it would spend well over 100m pounds to take control of entertainment firm X-Leisure. The target firm owns 16 schemes across the UK, including the X-scape centre in Milton Keynes and Brighton Marina. The portfolio includes a range of leisure and entertainment sites, including
Read moreLondon close: Footsie rallies in afternoon trade
21st Nov 2012 16:30
- Greek aid agreement expected next week - Trading expected to be light tomorrow - Johnson Matthey tumbles six per cent after gloomy outlook The FTSE 100 opened on the back foot on Wednesday morning after the initial disappointment regarding a delay in funds to Greece; however comments by Eurozone
Read moreLondon midday: Stocks pare losses but market cautious
21st Nov 2012 11:54
- Eurogroup delays Greek aid - MPC minutes show 8-to-1 vote in favour of maintaining QE - Johnson Matthey and Compass lower after results UK stocks had trimmed losses by Wednesday lunchtime but was trading within a narrow range as investors remain cautious following an inconclusive meeting of Euroz
Read moreLondon open: Stocks fall as Greek aid delayed
21st Nov 2012 08:36
London's benchmark FTSE 100 index dropped into the red in early trading on Wednesday morning after Eurozone finance ministers delayed a decision on the next tranche of the Greek bailout. Matthew Nelson, a financial sales trader from Spreadex, said this morning: "The poor sentiment has not been aide
Read moreWednesday broker round-up UPDATE
21st Nov 2012 07:10
Avocet Mining: Goldman Sachs downgrades from neutral to sell. Barr (AG):Numis upgrades to add with a traget price of 525p. British Land: Morgan Stanley raises target price from 540p to 570p and upgrades to overweight. Jefferies raises target price from 554p to 561p, hold recommendation maintained.
Read moreThursday broker round-up
8th Nov 2012 09:01
AB Foods: Credit Suisse ups tagged from 1,300p to 1,450p, outperform rating kept. Aviva: Panmure Gordon keeps buy rating and 425p target. Balfour Beatty: Panmure Gordon keeps buy rating and 310p target. BTG: Jefferies keeps hold rating and 360p target; Panmure Gordon keeps hold rating and 400p t
Read moreLondon open: Stocks edge higher after Greece votes on austerity
8th Nov 2012 08:23
Stocks rebounded on Thursday morning, albeit only slightly, following steep falls the day before, after Greece voted in favour of its strict austerity measures. Wednesday's session started strongly after Barack Obama was re-elected as the US President, sparking speculation that easing measures woul
Read moreDisposals hit Land Securities' earnings
8th Nov 2012 07:23
Real estate investment trust kingpin Land Securities claimed to have put in a resilient first half performance though earnings were hit by the group's disposals programme. Resilient is one of those terms used when growth is subdued or negative, and such is the case with Land Securities, where adjus
Read more