London pre-open: Markets expected to rebound from one-month lows
4th Jun 2013 07:44
Following some heavy losses the day before on mixed manufacturing data worldwide, markets are expected to rebound slightly on Tuesday morning. London's FTSE 100 lost 58 points yesterday, falling 0.9% to a one-month low of 6,525, after factory activity in both China and the US weakened in May. Manuf
Read moreLondonMetric sells distribution assets
4th Jun 2013 07:18
LondonMetric Property is selling 11 distribution assets for 247.56m pounds to a joint venture between Prologis Europe and Norges Bank Investment Management. Ten of the assets were held in a 50% joint venture with Green Park Investments and the former Focus Distribution Centre at Tamworth which was
Read moreLondonMetric's profits surge following merger
31st May 2013 07:16
LondonMetric, the FTSE 250-listed real estate group created after the merger of London & Stamford Property and Metric Property Investments in January, saw profits more than double in the year ended March as the two companies combined for the last two months of the fiscal year. The firm, which now f
Read moreLondonmetric Property acquires Ipswich retail park
13th May 2013 09:24
LondonMetric Property, a UK real estate investment trust, has acquired the Martlesham Heath Retail Park in Ipswich, which comprises 47,850 square foot across six units. The £10.35m acquisition, purchased was funded from exisiting resources, reflected a net initial yield of 6.5%. There is a 5,000 s
Read moreFriday broker round-up UPDATE
5th Apr 2013 08:33
Aberdeen Asset Management: Jefferies moves target price from 400p to 420p keeping a hold recommendation. Aggreko: Investec reduces target price from 2065p to 1900p downgrading from buy to add. APR Energy: Investec takes target price from 650p to 900p retaining a hold recommendation. ARM Holdings:
Read moreLondonMetric buys Primark distribution unit for 60.5m pounds
27th Mar 2013 13:06
FTSE 250-listed LondonMetric Property has acquired the Primark Distribution Unit, Thrapston, from the Moorfield Real Estate Fund II for 60.5m pounds. The Thrapston unit is Primark's central distribution centre for the UK and is let to Primark Stores until October 2032 at a rental of £3.9m per annu
Read moreLondonmetric acquires six warehouses for 92.4m pounds
21st Feb 2013 09:22
LondonMetric Property has completed the acquisition of a portfolio of six retail warehouse assets for a total consideration of 92.4m pounds. The FTSE 250-listed company said that the acquisition would deliver a "day one income of circa £7.5m" and generate an initial cash return worth more than 12%
Read moreWednesday broker round-up UPDATE
20th Feb 2013 07:04
Amara Mining: Goldman Sachs moves target price from 90p to 55p downgrading to neutral. Aureus Mining: Goldman Sachs revises target price from 65p to 55p retaining a neutral rating. Avocet Mining: Goldman Sachs cuts target price from 55p to 30p and upgrades from sell to neutral. AZ Electronic Mate
Read moreLondonMetric Property announces 92.4m pound retail portfolio acquisition
4th Feb 2013 09:04
LondonMetric Property has unveiled its first interim management statement following the completion of the merger of London & Stamford Property and Metric Property Investment. The company announced that in the period from October 1st 2012 to February 1st 2013 it had exchanged contracts to acquire a
Read moreWednesday broker round-up - UPDATE
30th Jan 2013 07:03
Alternative Networks: Investec increases target price from 310p to 330p retaining a buy rating. Anglo American: Deutsche Bank takes price target from 2200p to 2260p, while its buy recommendation remains unchanged. Antofagasta: Bank of America reduces target price from 1500p to 1400p and downgrades
Read moreMonday broker round-up - UPDATE
28th Jan 2013 08:04
Amino Technologies: Northland Capital takes price target from 75p to 80p reiterating a buy recommendation. Anglo American: Deutsche Bank shifts target price from 2230p to 2200p and retains a buy recommendation. Anite: Panmure Gordon increases target price from 165p to 170p and maintains a buy rati
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