Land 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
Read moreLondon close: Footsie drops 1.5 per cent as nerves take over
4th Sep 2012 16:41
- US manufacturing data disappoints - Markets nervous ahead of ECB meeting - Broker downgrades take down Vodafone, Land Secs... Disappointing manufacturing data from the US and skittishness ahead of a European Central Bank (ECB) monetary policy decision on Thursday sparked a sell-off on global stoc
Read moreLondon midday: Evraz leads fallers on the FTSE 100
4th Sep 2012 11:53
- Investors in 'wait and see mode' ahead of ECB - Markets await pivotal US ISM data - Moody's lower EU outlook to 'negative' The FTSE 100 had slumped to its lowest levels of the day by Tuesday lunchtime as investors were cautious about building positions ahead of some pivotal US economic data this
Read moreBroker tips: Petrofac, REITs, Ashtead
4th Sep 2012 11:49
Following a period of weakness, Credit Suisse has upgraded its rating on the shares of oilfield services group Petrofac from 'neutral' to 'outperform' and raised its target price from 1,750p to 1,800p. "We believe the stock has performed poorly on a lack of project awards over the summer period an
Read moreBroker snap: UBS remains underweight in UK real estate
4th Sep 2012 10:01
UBS says that investors should hold an 'equal-weight' position in the European real estate market, but has recommended to 'underweight the UK'. Real estate equities across Europe have outperformed the wider market by 21% in 2012 so far. "Our data suggests most generalists are underweight real est
Read moreTuesday broker round-up
4th Sep 2012 09:31
Ashtead: Jefferies lifts target from 360p to 320p, buy rating kept. Barclays: JP Morgan downgrades to neutral from overweight, target cut from 265p to 250p. British Land: UBS downgrades to neutral, target cut from 575p to 560p. Capital Shopping Centres Group: UBS upgrades to buy, target lifted fr
Read moreLondon open: Stocks slip before US data
4th Sep 2012 08:30
- Moody's lower EU rating to 'negative' - Markets await US ISM data - Investors keep eyes pinned on ECB UK stocks pulled back on Tuesday morning following a strong performance the day before as some gloomy comments from Moody's and caution ahead of some US economic data dampened sentiment. Yesterd
Read moreThursday broker round-up
23rd Aug 2012 09:29
Aegis: Nomura maintains buy rating and 240p target. British Land: Jefferies downgrades to hold. Cobham: Citigroup downgrades to neutral, target cut from 265p to 230p. Diageo: Jefferies maintains buy rating and 1,915p target; Investec maintains buy rating and 1,900p target. Evraz: HSBC upgrades t
Read moreAtkins CEO doubles shares after profit warning
3rd Aug 2012 16:45
Dr Uwe Krueger, the Chief Executive Officer of WS Atkins, the FTSE 250 design and engineering consultancy, doubled his stake in the company on the same day it was forced to issue a profit warning. Kruegar, who has occupied his role for one year, added another 10,000 shares to his previous holding
Read moreThursday tips round-up: Land Securities, LSE, BHP
19th Jul 2012 07:11
Land Securities´s chief executive Robert Noel yesterday argued that developers will not be building enough space to cope with demand over the next three years. Choice is evaporating, and potential tenants are expressing an interest earlier. This is even true in the West End market, which traditional
Read moreLondon close: Stocks rise on hopes for the US economy
18th Jul 2012 16:55
After a tentative start, stocks rallied on Wednesday afternoon on the back of some upbeat comments from Ben Bernanke, the Chairman of the US Federal Reserve. Meanwhile, markets gave a rather muted reaction to the minutes of the latest policy-making meeting in the UK. Bernanke, speaking on the secon
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