London midday: Stocks flat with central banks in focus
18th Jul 2012 11:48
- BoE could consider rate cut in future - UK unemployment falls - Bernanke comments will be closely watched The morning's gains were pared by Wednesday lunchtime as investors digested the minutes of the latest UK policy-makers' meeting and prepared for another testimony from Federal Reserve Chairm
Read moreWednesday broker round-up
18th Jul 2012 09:21
Ashmore: Goldman Sachs upgrades to buy. Ashtead: Jefferies reiterates buy rating and 320p target. Booker: Investec maintains buy rating and 98p target. British Land: BarCap downgrades to equal weight. Capital Shopping Centres: BarCap upgrades to overweight. Chariot Oil & Gas: Merchant Securitie
Read moreLondon open: Stocks edge higher ahead of BoE minutes
18th Jul 2012 08:37
- MPC minutes due out shortly - Markets still digesting Bernanke comments - Fresnillo, Ashmore, Schroders lead the risers on the Footsie The FTSE 100 edged higher on Wednesday morning ahead of the Bank of England minutes due out shortly. Meanwhile, a well-received earnings report from Swiss banking
Read moreLand Secs sees 'good momentum'
18th Jul 2012 07:20
Land Securities, the FTSE 100 real estate investment trust, says it has seen 'good momentum' on lettings across all schemes in the first quarter. The group invested £148.2m in the quarter, including capital expenditure on developments of £59.5m. Some £9.3m of development lettings were signed since
Read moreLondon close: Gloomy US data dents stocks further
21st Jun 2012 16:24
- Philly Fed manufacturing and other US data disappoints - No QE3 boost from the Fed - Chinese and Eurozone PMIs paint gloomy picture The Footsie closed near its lowest levels of the day on Thursday afternoon after a raft of economic indicators from the US disappointed, just one day after the Feder
Read moreFTSE 100 movers: Miners tank on macro concerns
21st Jun 2012 14:38
Gloomy manufacturing data from China and disappointing economic activity figures from the Eurozone weighed on the mining sector on Thursday. Meanwhile, with the US Federal Reserve holding back from extra quantitative easing measures last night, the dollar strengthened meaning that greenback-denomina
Read moreThursday broker round-up
21st Jun 2012 09:13
ARM Holdings: Investec maintains buy rating and 800p target. Ashtead: Jefferies ups target from 300p to 320p, buy rating retained. Bellway: Goldman Sachs downgrades to neutral. British Land: Societe Generale downgrades to sell. CRH: HSBC upgrades to overweight. Dignity: Goldman Sachs downgrades
Read moreMonday broker round-up - UPDATE
18th Jun 2012 08:20
Anglo American: UBS cuts target from 3,260p to 3,100p, buy recommendation maintained. Barclays: AlphaValue downgrades from buy to add, target kept at 230.2p; Nomura keeps neutral rating and 268p target. British American Tobacco: Citigroup retains buy rating. Essar Energy: Citigroup initiates cove
Read moreSector movers: Miners gain on Chinese stimulus hopes
22nd May 2012 16:01
Real estate investment trust (REIT) peers Land Securities and Hammerson dragging the REIT sector lower on Tuesday as investors built positions in 'riskier' assets, like mining stocks. Miners were among the stocks that bore the brunt of the Eurozone-fuelled sell-off last week, causing shares to rebo
Read moreFTSE 100 movers: Miners wanted as risk appetite increases
22nd May 2012 15:48
There were just a handful of stocks registering losses on Tuesday afternoon, mainly the defensives, as investors shifted back into 'riskier' assets following a week of heavy losses. Real estate investment trust (REIT) peers Land Securities and Hammerson were among the worst performers, joined by su
Read moreLondon midday: Stocks rise ahead of EU summit
22nd May 2012 12:00
- Miners wanted on Chinese stimulus speculation - Fitch downgrades Japanese rating - Markets await EU summit tomorrow, OECD backs eurobonds The FTSE 100 held on to its earlier gains by Tuesday lunchtime as investors look ahead to tomorrow's EU summit with optimism, as pressure builds on Eurozone l
Read moreLand Secs says retail rent reviews are 'stuck in neutral'
16th May 2012 14:15
Full year profits tumbled at real estate investment trust Land Securities as growth in property values stalled in the second half of its financial year. Adjusted diluted net asset value (NAV) per share at the end of March 2012 stood at 863p, up 4.5% on the NAV per share of 826p a year earlier. Pro
Read moreWednesday broker round-up - UPDATE
16th May 2012 08:26
Babcock: UBS raises target from 880p to 950p, buy recommendation unchanged. Barclays: UBS upgrades from neuter lot buy, target cut from 272p to 215p. Cineworld: Merchant Securities maintains buy rating and 244p target. Compass Group: Numis upgrades from add to buy, target left at 750p. Experian:
Read moreLand Securities weathers tough second half
16th May 2012 07:08
Despite growth in property values stalling in the second half of its financial year, real estate investment trust Land Securities said it continued to build shareholder value. Adjusted diluted net asset value (NAV) per share at the end of March 2012 stood at 863p, up 4.5% on the NAV per share of 82
Read moreLand Secs snaps up Nottingham leisure centre
3rd May 2012 07:37
Land Securities, the largest real estate investment trust in the UK, has agreed to acquire The Cornerhouse, a big leisure complex in Nottingham, from BP Pension Fund in an off-market transaction. The £50m purchase came at a net initial yield of 6.6% after expiry of a rent free period. The Cornerh
Read more