Land Securities says markets better than expected
11th Nov 2010 07:27
Real estate giant Land Securities built underlying profit up by 6% during the first half - excluding valuation gains of £314m - and businesses are now more willing to commit to new space than even the company expected. Revenue profit grew to £135.9m in the six months ended 30 September, up from £12
Read moreLondon close: Footsie closes lower after China rate hike
19th Oct 2010 16:39
Shares fell in the afternoon after a surprise hike in rates in China took investors by surprise and the leading share index finished firmly in the red. The People's Bank of China upped its one-year deposit rate to 2.5% from 2.25%, while the lending rate has been hiked to 5.56% from 5.31%, with effe
Read moreLondon afternoon: Chinese rate rises prompt sell-off
19th Oct 2010 14:24
Having drifted aimlessly during the morning session shares turned briskly south over lunch after China made surprise changes to some of its interest rates. The People's Bank of China upped its one-year deposit rate to 2.5% from 2.25%, while the lending rate has been hiked to 5.56% from 5.31%, with e
Read moreLondon midday: Tech titans' fortunes differ
19th Oct 2010 12:03
London had a subdued morning with investors reluctant to jump too far in one direction ahead of tomorrow's release of the meeting notes from the most recent Monetary Policy Committee chin-wag. There has been some excitement in the tech sector, however, after yesterday's blockbusting results from Ap
Read moreLand Securities in JV with Canary Wharf Group
19th Oct 2010 07:59
Real estate investment trust Land Securities has formed a joint venture with the Canary Wharf Group to develop a property, known as the 'walkie-talkie tower' in Fenchurch Street, London. The existing property, currently a cleared site with some ancillary retail neighbouring holdings, has been sold
Read moreLondon close: US spurs Footsie recovery
8th Sep 2010 16:36
Footsie put its weak start behind it to close with good gains, helped by buoyant trading on Wall Street. US shares recovered from losses yesterday that snapped a recent winning streak. Among the risers here was ARM Holdings. UBS has issued a downbeat assessment of the European semiconductor mark
Read moreLondon afternoon: ARM in line for Samsung boost
8th Sep 2010 14:28
Footsie emerged from the lunch-time session nursing a small gain, with the majority of the blue-chip index's constituents in positive territory. Chief among them was chip designer ARM Holdings. UBS has issued a downbeat assessment of the European semiconductor market but it has made an exception o
Read moreLondon midday: BP spreads the blame
8th Sep 2010 12:00
It's back to square one for London with the Footsie virtually unchanged at the end of the morning session after early losses were wiped out. News that the US markets look set to open firmer after yesterday's triple-digit fall for the Dow has bolstered confidence this side of the pond. BP edged high
Read moreLondon open: Dull start for blue chips
8th Sep 2010 08:45
Last night's triple-digit drop on Wall Street and further losses in Asia meant a poor start in London. US stocks fell on concerns about the European bank stress tests. Property groups are the best performers with Land Securities, Hammerson and British Land all rising strongly. A potential politic
Read moreFTSE 100 movers: Miners higher on Chinese growth
1st Sep 2010 16:11
Footsie is much higher today with only two constituents falling in price. Positive manufacturing sector data from China has boosted miners. Kazakhmys, Xstrata and Antofagasta are all ahead on the day and with five out of the top ten performers metals-related. Travel related shares are regaining
Read moreUPDATE: British Land, Blackstone To Build London HQ For UBS
2nd Aug 2010 13:02
(Adds detail.) By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K.'s second largest landlord and developer, British Land Co. PLC (BLND.LN), and private-equity firm Blackstone Group LP Monday confirmed they will develop a new London headquarters for Swiss bank UBS AG (UBS
Read moreLand Secs FD increases stake
27th Jul 2010 17:08
Land Securities finance director Martin Greenslade has been adding to his shareholding. He bought 11,000 shares at 612.4p each. This £67,000 investment took his stake to 470,029 shares. Chief executive Francis Salway and London Portfolio MD Robert Noel have also been buying in recent weeks. Gr
Read moreLondon close: Good gains for FTSE 100
21st Jul 2010 17:04
Footsie's advance was pared slightly at the close of trading but shares still finished with strong gains. Mining stocks led the advance as copper inventories continue to contract, with Kazakhmys, Antofagasta, Vedanta and Xstrata at the head of the pack. Sticking with the resource sector, mining a
Read moreLondon afternoon: Three-digit gain for Footsie
21st Jul 2010 14:10
Footsie's gain burst through the triple digit barrier over the lunchtime session, helped by expectations of a solid start by Wall Street. Mining stocks lead the advance as copper inventories continue to contract, with Kazakhmys, Antofagasta, Vedanta and Xstrata at the head of the pack. Sticking
Read moreLondon midday: Glaxo sales in line
21st Jul 2010 12:05
Equities ended the morning session in consolidation mode, holding on to the gains racked up in the first two hours of trading, when traders were enthused by the Reckitt Benckiser bid for SSL and forecast busting results overnight from Apple. Reckitt will pay SSL shareholders 1,163p per share with a
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