London midday: Stocks flat after mixed macro data
2nd Apr 2012 11:36
- Chinese, UK PMIs beat expectations in March - Eurozone PMI disappoints, jobless rate on the up - RBS to dish out dosh to preference shareholders London's blue chips pared earlier gains after some gloomy economic data from Europe. Miners were performing well after better-than-expected manufacturin
Read moreLondon open: Stocks rise after upbeat China data
2nd Apr 2012 08:26
- Miners wanted after Chinese PMI reaches 11-month high - RBS to dish out dosh to preference shareholders - LSE acquisition of LCH.Clearnet passes milestone UK stocks opened with decent gains on Monday morning as miners rose on the back of some better-than-expected manufacturing data from China.
Read moreLondon pre-open: Small rise expected in early trading
2nd Apr 2012 07:26
City sources predict the FTSE 100 will open up 11 points from Friday's close of 5,768, buoyed by better-than-expected-data Chinese manufacturing data on Sunday. House building and construction group Galliford Try has reached financial close on the Gateshead regeneration programme, for which it wa
Read moreNew CEO starts at Land Securities
2nd Apr 2012 07:05
Robert Noel has formally taken over as Group Chief Executive at Land Securities, the largest Real Estate Investment Trust in the UK. Noel was previously Managing Director of the company's London Portfolio, and is a recent recruit, having joined the firm from Great Portland Estates in 2010. He take
Read moreThursday broker round-up - UPDATE
29th Mar 2012 09:29
Advanced Medical Solutions: Investec upgrades from hold to buy, target lift at 97p. Antofagasta: UBS downgrades from neutral to sell, target cut from 1,150p to 1,050p. Aquarius Platinum: UBS cuts target from 160p to 155p, neutral rating unchanged. BHP Billiton: UBS cuts target from 2,600p to 2,50
Read moreLand 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
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