London 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 moreLand Securities acquires Manchester leisure scheme
5th Nov 2012 11:08
Land Securities, the FTSE 100 real estate investment trust, has acquired The Printworks, a leisure scheme prominently located in central Manchester. The company purchased the business, which attracted more than nine million visitors last year, for £93.9m. The scheme comprises over 350,000 sq ft o
Read moreLondon midday: Sandy claims its first victims, insurers
29th Oct 2012 11:37
UK equities are now registering moderate losses and bouncing "along the bottom" in rather lackluster trading conditions, as the main indices track futures on Wall Street. Those are now pointing to falls of about 1 per cent in the main benchmarks ahead of electronic trading being suspended before hu
Read moreMonday broker round-up
29th Oct 2012 08:10
African Barrick Gold: HSBC cuts target from 710p to 670p, overweight rating kept. African Eagle Resources: Seymour Pierce keeps buy rating. Anglo American: Nomura cuts target from 2,100p to 2,000p, neutral rating kept; UBS ups target from 2,230p to 2,250p, buy rating kept. Burberry: Goldman Sachs
Read moreWorkspace Group CEO boosts stake in company
1st Oct 2012 16:16
The Chief Executive Officer of Workspace Group, which specialises in providing office space to start ups, has purchased 112,525 shares, significantly boosting his stake in the FTSE 250 firm. Jamie Hopkins, who took on the role of CEO in April of this year, bought the shares at 266p each for a tota
Read moreContracts round-up: RAM Active, Motive Television, Advanced Power
17th Sep 2012 09:11
RAM Active Media said it has won a contract to install giant video screens in six of Land Securities' UK shopping centres. Its RAM Vision arm is to manage a five year contract for broadcasting advertising sales, scheduling content and screen management at the sites. The contract was also forecast to
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