London open: Lack of catalysts sends UK stocks lower early on
11th Jun 2014 08:46
- Markets fall as traders await catalysts - Sainsbury's gains despite drop in Q1 LFL sales - Rolls-Royce hit by Emirates order cancellation techMARK 2,846.37 -0.45% FTSE 100 6,855.44 -0.26% FTSE 250 16,103.59 -0.66% UK stocks edged lower on Wednesday as markets continue to struggle for direction w
Read moreMonday broker round-up UPDATE
9th Jun 2014 09:43
Aggreko: Panmure Gordon downgrades from buy to hold with a target price of 1748p. API Group: Numis shifts target price from 84p to 85p, downgrading from buy to add. ASOS: Jefferies reduces target price from 6200p to 5700p, while leaving its buy recommendation unchanged. Betfair Group: Investec ra
Read moreFTSE 250 movers: Tullet Prebon jumps on CEO speculation
3rd Jun 2014 14:23
London-based interdealer broker Tullett Prebon jumped on speculation it could soon announce a successor to long-running Chief Executive Officer Terry Smith. According to reports, Smith, a well-known financial executive in the City, is thought to be planning to work full time at Fundsmith, the asset
Read moreLondon pre-open: FTSE to move lower ahead of Eurozone data
3rd Jun 2014 07:40
UK stocks are expected to reverse a significant portion of Monday's losses ahead of the release of the latest Eurozone inflation and unemployment rate figures later on today. City sources predict the FTSE 100 will open around seven points below yesterday's close of 6,864.10. That came after US st
Read moreLondonMetric boasts profitable year as liquidity returns to property market
3rd Jun 2014 07:13
- NAV up 11% to 121p - Portfolio uplift of 8.5% - Flat full year dividend of 7p Out-of-town retail and warehouse property group LondonMetric has reported a profit of £125.3m and says the market in the second half of the year has strengthened and rational pricing has returned across the UK. The FTS
Read moreLondonMetric acquires massive retail distribution site
1st Apr 2014 07:23
Property investor LondonMetric has acquired a midlands retail distribution centre outside London that is one of the largest pre-lets in the country. The real estate investment trust (REIT) exchanged contracts on the 1.06m square feet property for an anticipated £77m, which increased its distributi
Read moreLondonMetric completes acquisition of assets
26th Mar 2014 08:03
LondonMetric Property has completed the acquisition of 27 DFS assets from administrator Delphi Properties Limited. The group has bought the assets through its joint venture, LMP Retail Warehouse JV Property Unit, for £175m, representing a net yield of 9.3%. At the same time the joint venture, in w
Read moreLondonmetric to buy Oak Furniture Land distribution centre
24th Mar 2014 08:40
LondonMetric Property has agreed to acquire the Oak Furniture Land Distribution Centre in Swindon. The FTSE 250 group is funding the £22m purchase from its existing resources at a net initial yield of 6.5%. The asset comprises a 302,000 sq ft warehouse developed in 2006 with an unimplemented pla
Read moreLondon pre-open: Potential second Chinese bond default to hit FTSE
12th Mar 2014 07:45
- FTSE to open around 60 points lower - Reports of potential second bond default in China - Data out on US Crude Oil Inventories and EU Industrial Production The City is set to start the day firmly in reverse on the back of reports of another bond default in China and a negative finish in the US la
Read moreLondonMetric Property buys M&S distribution centre in UK
12th Mar 2014 07:11
LondonMetric Property has agreed to buy Marks & Spencer (M&S) Distribution Centre in Sheffield from CBRE Global Investors for 32.2m pounds. The purchase price reflects a net initial yield of 7.6% and will be funded from the UK property group's existing resources. The distribution centre comprises
Read moreLondonMetric increases investment on acquisitions
6th Feb 2014 10:39
LondonMetric Property ramped up its investment activity in the period from October 1st to February 5th as the company repositioned its portfolio. The UK British property investment group made £201.9m worth of acquisitions during the period at an average yield of 7.9% across core out of town and ret
Read moreLondonMetric acquires Superdrug distribution centre
30th Jan 2014 09:35
LondonMetric Property has acquired the Superdrug Distribution Centre in Doncaster, which is fully occupied by the health and beauty chain of the same name. The £13m acquisition had a net initial yield of 7.3% and was funded from existing resources. Superdrug has recently re-geared its lease on th
Read moreLondonMetric sells Odeon cinema in Dudley
27th Jan 2014 07:32
LondonMetric Property, the FTSE 250-listed real estate investment trust, has disposed of the Odeon Multiplex Cinema in Dudley to clients of Aberdeen Asset Management. The 10-screen, 40,200 square-foot cinema was sold for £7.7m, reflecting a net initial yield of 5.95%, falling to 5.8% in June when a
Read moreWednesday broker round-up UPDATE
15th Jan 2014 08:42
African Barrick Gold: Liberum Capital downgrades to sell with a target price of 147p. Deutsche Bank lowers target price from 190p to 180p, while maintaining a hold recommendation. African Minerals: Deutsche Bank shifts target price from 410p to 414p and maintains a buy recommendation. Amlin: JP Mo
Read moreMonday broker round-up UPDATE
13th Jan 2014 09:04
Admiral Group: Citi ups target price from 1220p to 1256p and reiterates a neutral rating. Afren: Nomura increases target price from 170p to 210p and stays with its neutral rating. Alternative Networks: Westhouse Securities increases target price from 445p to 540p reiterating its add rating. Amlin
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