Land Securities opts not to do the Strand
29th Mar 2012 07:20
Real estate investment trust Land Securities is to sell its 3.3 acre Arundel Great Court property, situated just south of the Strand, in London, WC2. Waterway PCP Properties is paying a headline price of £234m for the site, which has planning consent for 147 private flats, a hotel designed by Hord
Read moreThursday broker round-up
22nd Mar 2012 09:58
AMEC: JP Morgan Cazenove downgrades from overweight to neutral, target lifted from 1,252p to 1,344p. AstraZeneca: Liberium Capital upgrades from sell to buy, target lifted from 2,700p to 3,100p. British Land: Espirto Santo downgrades from buy to neutral. Capital Shopping Centres Group: Societe Ge
Read moreLondon open: Stocks slump on Chinese manufacturing data
22nd Mar 2012 08:33
- Chinese data dampens sentiment - Randgold plummets on Malian troubles - Broker downgrades weigh on AMEC, REIT stocks The Footsie sank in early trading on Thursday with the miners providing a drag after the release of more disappointing economic data from China. Chinese factory activity register
Read moreLand Secs sells Liverpudlian shopping centre
21st Mar 2012 13:31
Real estate investment trust Land Securities has exchanged contracts to offload a 413,000 square-foot shopping centre in Liverpool. The St Johns Centre, located in the heart of Liverpool city centre, is to be sold to InfraRed Capital Partners for £76.5m. It is expected to complete in April. "We ha
Read moreLondon close: Losses trimmed by news from Greece
19th Mar 2012 17:03
- Greek CDS auction finishes in line with expectations - Greece expects GDP to fall 4.5 per cent in 2012 and 0.5 per cent in 2013 - Markets await Wednesday's Budget The FTSE 100 finished only slightly in the red after a positive start on Wall Street, which saw UK stocks trim losses in afternoon tra
Read moreLondon midday: Losses pared but Footsie still down
19th Mar 2012 11:42
- Greece 'more than halfway' along path to recovery - Vodafone up on tax benefit reports from CWW takeover - Misys jumps on recommended bid from Vista Losses were halved by lunchtime but the Footsie still remained in the red on a relatively quiet day for company results and economic data. Markets a
Read moreLondon open: Stocks fall, Misys jumps after Vista offer
19th Mar 2012 08:25
- Misys up seven per cent after 350p-a-share Vista offer - Burberry weighed down by French tax reports - Markets looking ahead to Wednesday's Budget The Footsie fell into the red in early trading on Monday, with the market looking ahead to Wednesday's Budget. "We have entered the doldrums of marke
Read moreBroker tips: REITs, Prudential, BBA Aviation
6th Mar 2012 12:01
Jefferies said that the recent earnings season in the real estate investment trust (REIT) sector was 'reassuringly unexciting' and has reduced its net asset value (NAV) forecasts by 2% on average. REIT share prices are up an average of 9% in the year-to-date, with most of this growth coming in Janu
Read moreBroker snap: Jefferies cuts REIT targets across the board
6th Mar 2012 10:05
Jefferies said that the recent earnings season in the real estate investment trust (REIT) sector was 'reassuringly unexciting' and has reduced its net asset value (NAV) forecasts by 2% on average. "We expected a 'Reassuringly Unexciting' earnings season and that is what we got. NAVs were closely in
Read moreTuesday broker round-up - UPDATE
6th Mar 2012 09:20
Serco: Credit Suisse lifts target price to 650p from 600p, remains at outperform. Capita: Credit Suisse revises target to 820p from 770p, retains outperform. Wolseley: UBS downgrades from buy to hold. Pace: Peel Hunt upgrades from hold to buy, raises target to 99p from 75p. International Power
Read moreLand Securities director buys first round of shares
26th Jan 2012 14:35
Stacey Rauch, a non-executive director of FTSE 100 property firm Land Securities, has purchased £40,950-worth of shares in the company. Rauch, 53, only joined the board at the start of this month, and the transaction marks her first take up of shares in the firm. The purchase was made on January
Read moreLondon close: Stocks down on Greek concerns
24th Jan 2012 16:41
- Banks sold off as Greek talks continue. - S&P downgrades three French banks. - IMF cuts world GDP growth forecast. UK stocks were off their intraday lows but still finished firmly in the red on Tuesday, with global markets in negative territory as European leaders continue to argue over Greece
Read moreLondon midday: Banks drag Footsie lower
24th Jan 2012 11:44
- Banks sold off as Greek talks continue. - S&P downgrades three French banks. - Defensives in demand. The banks had dragged London's blue chip index to its lowest levels of the day by lunchtime as eyes continued to be fixed on the Eurozone. While the attention seems to be mostly on Greece, the d
Read moreLondon open: Cairn, financials weigh on Footsie
24th Jan 2012 08:32
UK stocks fell in early trading on Tuesday, giving up some gains made yesterday, as talks in Greece continue to drag on. Despite banks and other private institutions represented by the Institute of International Finance (IIF) having presented yesterday what they considered to be their "maximum offe
Read moreRobert Noel to succeed Salway at Land Securities
24th Jan 2012 08:08
The Francis Salway era at property firm Land Securities is set to close at the end of March as the Chief Executive Officer hands over to Robert Noel, currently Managing Director of the London Portfolio. The news was revealed on the same day as the group's third quarter update covering the final thr
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