FTSE 100 movers: Investors pleased by BT deal
9th Jul 2010 15:31
Footsie is moving higher helped by good news from BT Group. BT Group is higher after it agreed a new pay deal with the Communications Workers Union. This removes the threat of a strike. CWU members will receive a 3% annual pay increase backdated to January 2010 and lasting until March 2013. Citig
Read moreFirst investment by JJB boss
1st Jul 2010 16:34
JJB Sports chief executive Keith Jones has bought his first shares in the sportswear retailer following the conclusion of its company voluntary arrangement (CVA). JJB said all claims have been dealt with and the supervisors of the CVA have served notices terminating the arrangements with effect fr
Read moreLondon close: Seventh day of gains for Footsie
17th Jun 2010 16:46
London's blue chips rose for the seventh day running as BP took some comfort from the $20bn deal agreed with US president Obama. Banks also rallied on the new plans for City regulation set out yesterday. This afternoon, the coalition government also axed 12 projects costing £2bn, suspended another
Read moreLondon afternoon: Stocks drift off highest levels
17th Jun 2010 14:12
Leading shares saw their gains trimmed over the lunch time session, despite expectations of a firm start on Wall Street. BP and the banks continue to lead the market higher. Under fire oil giant BP remains the top performer after yesterday's meeting between BP officials and the US president. BP h
Read moreQatari Investors Continue Property-Buying Spree In London
17th Jun 2010 12:48
By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Developer and investor Barwa Real Estate Co. (BRES.DO) Thursday said it will buy Park House development in London's fashionable West End district for GBP250 million, as Qatari investors continue to snap up prime real estate in the ci
Read moreLondon midday: Spanish bond sale boosts banks
17th Jun 2010 12:05
BP and the banks are leading the market higher, with the latter in demand after concerns over Spain's ability to raise money on the bond markets were eased by the latest Spanish bond auction, which saw a higher level of demand than the March offering. Royal Bank of Scotland, Lloyds Banking and Bar
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
17th Jun 2010 09:00
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0800 GMT [Dow Jones] Land Securities' (LAND.LN) forward sale of the Park House development de-risks the development pipeline
Read moreMARKET TALK: Land Securities Sale Offers Compelling Return
17th Jun 2010 09:00
0800 GMT [Dow Jones] Land Securities' (LAND.LN) forward sale of the Park House development de-risks the development pipeline and offers the potential for a more compelling return at a low risk, says Evolution Securities. Says "the sale price of GBP250M represents a GBP33M premium to the total develo
Read moreLondon open: BP shares jump
17th Jun 2010 08:29
BP is leading London's blue chips higher in early dealings on Thursday following yesterday's meeting with the US president. BP has cancelled dividends for the rest of the year and agreed to a demand from US president Obama to put $20bn in an escrow account to cover claims resulting from the oil spi
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
17th Jun 2010 08:12
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0712 GMT [Dow Jones] Land Securities's (LAND.LN) sale of its Mayfair Park House development for GBP250M is "attractive" says
Read moreMARKET TALK: Land Securities Sale In Mayfair Welcome -JPMorgan
17th Jun 2010 08:12
0712 GMT [Dow Jones] Land Securities's (LAND.LN) sale of its Mayfair Park House development for GBP250M is "attractive" says an analyst at JPMorgan. "We did not expect this disposal." The analyst says the deal is positive for shareholders as it will be accretive to net asset value, it will crystall
Read moreLand Secs gets advance on Mayfair
17th Jun 2010 07:41
Property giant Land Securities has sold an unfinished development in London's West End for £250m plus construction costs. The company has agreed to forward sell its proposed 310,000 square feet retail, office and residential development at Park House, 453/497 Oxford Street, London, W1 to Barwa Real
Read moreLand Securities Sells London Project To Barwa For GBP250M
17th Jun 2010 07:36
By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K.'s largest landlord and developer Land Securities Group PLC (LAND.LN) Thursday said it sold its Park House development in London to Qatar-based international developer and investor Barwa Real Estate Co. (BRES.DO) for GBP250 m
Read moreLand Securities Sells Park House Mayfair Development For GBP250M
17th Jun 2010 07:16
LONDON (Dow Jones)--Land Securities Group PLC (LAND.LN), a real estate investment trust, said Thursday it has agreed to forward sell its proposed 310,000 sq ft retail, office and residential development at Park House, 453/497 Oxford Street, London, W1 to Barwa Real Estate Q.S.C for GBP250 million.
Read moreMARKET TALK: Budget Could Stall Mid/Small Cap Outperformance
16th Jun 2010 10:56
0956 GMT [Dow Jones] Next week's UK budget could mark the end of the outperformance of mid and small-cap stocks, due to their generally higher exposure to government contracts, says Deutsche Bank. Suggests the IT services sector, newspapers, defense stocks and housebuilders could continue to struggl
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