London pre-open: Flat start for FTSE as US closes for Thanksgiving
28th Nov 2013 07:33
City sources predict the FTSE 100 will open flat after it yesterday closed at 6,649.47, with US markets closed today for the Thanksgiving holiday and no data scheduled for release in the UK. Wednesday's session saw markets finish in positive territory as investors reacted to a flurry of economic d
Read moreLondonMetric sells three retail parks
28th Nov 2013 07:12
Retail investment trust LondonMetric has disposed of three retail parks in two separate transactions, it announced Thursday. The group, which earned a total of £31.6m on the transactions, sold Nottingham Road Retail Park in Mansfield and St Mary's Road in Sheffield at a net initial yield of 6.77%.
Read moreLondonMetric acquires portfolio of 10 Odeon cinemas
14th Nov 2013 08:19
FTSE 250-listed LondonMetric Property has acquired a portfolio consisting of 10 Odeon out of town cinemas. The £80.6m purchase will be funded by a term facility of £43.5m, it said. The portfolio is let to Odeon Cinema for a remaining term of 24.9 years with no breaks and is subject to annual ren
Read moreLondon Metric makes off-market acquisition of distribution centre
11th Nov 2013 08:16
- Off-market acquisition of distribution centre - Three leases re-geared in separate transaction LondonMetric Property has agreed to the off-market acquisition of the Travis Perkins Distribution Centre in Northampton, taking the group's total number of such sites to nine. The centre was bought fo
Read moreWednesday broker round-up
6th Nov 2013 08:48
Anglo American: Alphavalue moves target price from 1816.9p to 1827.1p upgrading from add to buy. Associated British Foods: Citi raises target price from 1950p to 2350p, while leaving its neutral rating unchanged. Assura Group: Liberum Capital initiates with a target price of 42.9p and a buy recomm
Read moreLondonMetric invests in five Wickes warehouses
18th Sep 2013 07:49
FTSE 250-listed real estate firm LondonMetric Property (LMP) has acquired a portfolio of five standalone Wickes retail warehouses across the UK, spending a total of 28m pounds. LMP, which mainly invests in retail and distribution properties, made the purchase through the Metric Income Plus Limited
Read moreLondon pre-open: Stocks expected higher after China data
9th Sep 2013 07:29
Stocks are expected to open slightly higher on Monday morning, tracking a strong finish for Asian markets overnight on hopes for the Chinese economy. With the economic data calendar for Europe and the US looking pretty thin for Monday, investors are likely to focus on figures from China where trad
Read moreLondonmetric Property acquires warehouses
9th Sep 2013 07:06
LondonMetric Property has acquired two distribution warehouses in Northamptonshire and Leicester for 23.1m pounds. In Northamptonshire, the company has purchased a 310,500 sq ft distribution warehouse in Crick from Harbert Europe for £17.9m. The property, which has been let to logistics operator
Read moreWednesday broker round-up
28th Aug 2013 08:09
African Barrick Gold: Nomura takes target price from 155p to 250p and reiterates its buy recommendation. Antofagasta: Deutsche Bank cuts target price from 1050p to 1035p and retains a hold recommendation. JP Morgan reduces target price from 1005p to 975p, while its neutral rating remains unchanged.
Read moreLondonmetric buys warehouses from Argos, WH Smith
15th Jul 2013 07:59
Real estate group Londonmetric Property has bought two UK warehouses from Argos and WH Smith as it continues to expand its retail distribution portfolio. The FTSE 250 has exchanged on the Argos Distribution Warehouse in Bedford for £51.65m, reflecting a net initial yield of 7.0%. This 657,500 squar
Read moreSignet CFO sells amid share-price strength
20th Jun 2013 15:35
Signet Jewelers, the largest speciality retail jewellery in the US and UK, saw its Chief Financial Officer (CFO) offload part of his stake this week following an impressive share-price rise so far this yar. Ronald Ristau, who became CFO of the dual-listed company in June 2010, sold 6,135 shares at
Read moreLondon close: Greece rumours spark late sell-off
12th Jun 2013 17:02
Equities dropped into the red for a third consecutive day on Wednesday with renewed political tension in Greece sparked another bout of market volatility. The FTSE 100 finished down 41 points at 6,299, the first time that it has closed below the 6,300 mark since April 22nd. London's benchmark inde
Read moreFTSE 250 movers: Heritage Oil jumps as product ramps back up
12th Jun 2013 15:19
The share price of FTSE 250 upstream exploration and production firm Heritage Oil surged on Wednesday after the company said that production at its OML 30 licence in Nigeria is back at normal levels. Output has now returned to rates of over 35,000 barrels of oil per day (bopd) after falling to just
Read moreLondon midday: Stocks higher as UK unemployment falls, M&A activity in focus
12th Jun 2013 12:04
M&A activity was the theme of the day in London on Wednesday as heavyweight stocks British Sky Broadcasting, Severn Trent and Vodafone grabbed the headlines. Nevertheless, after a choppy start, the FTSE 100 managed to register moderate gains by lunchtime. Helping sentiment this morning was UK unemp
Read moreLondon open: Stocks flat on fragile market sentiment
12th Jun 2013 09:01
The FTSE 100 was swinging between gains and losses in early trading on Wednesday as traders remained nervous amid the ongoing market volatility that has been seen over the last few weeks. "Persisting fears about impending Federal Reserve tapering of asset purchases together with the Bank of Japan's
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