London 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 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 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 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
Read moreCanary Wharf Expected To Sign More Deals In Wake Of Shell
10th Jun 2010 12:18
By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Canary Wharf Group PLC's letting of 10 floors at 40 Bank Street to Shell International Ltd. is good news for the real-estate company but more tenancy agreements are expected to be announced this summer. Canary Wharf, the main sub
Read moreMarks & Spencer's Rose Paid GBP2.61 Million In Fiscal Year 2010
10th Jun 2010 11:29
LONDON (Dow Jones)--Marks and Spencer Group PLC's (MKS.LN) Chairman Sir Stuart Rose was paid GBP2.61 million for the fiscal year ended March 27, according to the U.K. clothing, homeware and food retailer's annual report, published Thursday. The figure, which includes base salary, benefits, cash
Read moreAukett gets the nod from Land Securities
21st May 2010 08:42
After well received results on Tuesday the share price of Aukett Fitzroy Robinson (AFR) received another boost on Friday as the company announced a contract win. The architects and interior design specialists have been awarded a contract to refurbish a large commercial building in central London fo
Read moreThursday's newspaper round-up: Government, BP, Lloyds
20th May 2010 06:10
Final coalition agreement may include phasing a cut in the headline rate and alternatives to a sharp cut in the rate of capital allowances originally proposed by the Tories, reports the FT. Chancellor wants most competitive corporate tax regime in G20 by cutting rates and reforming rules driving fi
Read moreLondon close: Eurozone worries batter Footsie
19th May 2010 16:36
European concerns were behind sharp falls in shares today as plans by Germany to slap a ban on short-selling of European bonds, credit default swaps and ten of Germany's biggest financial groups spooked investors. German chancellor Angela Merkel's warning that Europe is facing its greatest crisis i
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