Sector movers: Real estate stocks boosted by HSBC comments
21st Jan 2014 15:23
Upbeat comments from HSBC gave real estate investment trust (REIT) stocks a boost on Tuesday, as the bank raised hopes that property companies will benefit from the UK's 'resurgent economic recovery'. In a review on the wider European REIT sector, HSBC said that the UK commercial real estate market
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 moreFriday tips round-up: AZ Electronic, Segro
25th Oct 2013 08:12
AZ Electronic Materials, which provides chemicals for desktop computers, tablets, smartphones and TVs, has been hit this year by a mix of company-specific and a raft of industry-specific headwinds. Disentangling those is difficult, but whereas one might have been inclined to be patient following its
Read moreSegro dealmaking continues in Q3 as market demand prevails
24th Oct 2013 07:05
- Disposals of 408m pounds during Q3 - Six new pre-let developments signed - Net down 21 per cent, but vacancy rate up from 8.9 to 9.1 per cent FTSE 250 industrial property group Segro continued its portfolio restructuring during the third quarter and said its expectations for the full year remain
Read moreSegro establishes European logistics joint venture
11th Oct 2013 13:47
Segro has completed the formation of Segro European Logistics Partnership (SELP), a one billion euro logistics joint venture in Continental Europe. The transaction was completed in partnership with the Public Sector Pension Investment Board. David Sleath, Chief Executive of SEGRO, said: "The cre
Read moreTuesday broker round-up UPDATE
1st Oct 2013 09:35
African Minerals: Credit Suisse reduces target price from 350p to 280p and downgrades to neutral. British Land: Societe Generale cuts target price from 670p to 620p and downgrades to hold. Derwent London: Societe Generale reduces target price from 2610p to 2470p downgrading to hold. Faroe Petrole
Read moreThursday broker round-up UPDATE
26th Sep 2013 08:22
African Barrick Gold: Deutsche Bank ups target price from 137p to 145p and maintains a hold recommendation. African Minerals: Macquarie reduces target price from 307p to 280p and reiterates an outperform rating. Deutsche Bank cuts target price from 450p to 423p, while its buy recommendation is kept
Read moreSegro completes sale of West Cross Industrial Park
26th Sep 2013 08:10
FTSE 250 group Segro has completed the 75m-pound sale of West Cross Industrial Park to Legal & General Property. The site is a 46,000 square-metre mixed use park in Brentford, West London, and comprises a mix of industrial assets, offices, leisure facilities and a retail warehouse. The sale price
Read moreSEGRO acquires East London warehouse
16th Sep 2013 07:53
Industrial property group SEGRO has bought a 25,500 square-metre logistics warehouse in Barking from Propinvest's Gemini portfolio for 30m pounds. It said that the consideration represents a net initial yield of 6.9%. London City Bond Ltd, a bonded warehousing and distribution company servicing th
Read moreLondon midday: Markets cautious ahead of risk events, Syria action
4th Sep 2013 11:26
Traders adopted a cautious approach on Wednesday morning with UK stocks registering losses in morning trade ahead of a number of 'risk events' later in the week which have the potential to spark market volatility. Fears about impending US military action in Syria also hit investor sentiment today a
Read moreLondon open: Potential strike on Syria worries investors early on
4th Sep 2013 08:32
Stocks declined on Wednesday morning on concerns over an imminent Western military intervention in Syria, with investors also choosing to scale back positions ahead of a number of 'risk events' later on in the week. The Senate Foreign Relations Committee last night gave the green light on a US atta
Read moreSegro buys out partner's stake in joint venture
4th Sep 2013 07:52
Segro has bought out its Belgian joint venture partner following its announcement earlier in the year that it had formed a one billion euro logistics property joint venture in Continental Europe. The group bought KBC Real Estate's 50% stake for €33.2m (£28.1m) at a net initial yield of 7.7%) and n
Read moreSector movers: Real estate hit by Deutsche Bank downgrades
3rd Sep 2013 14:43
Real estate stocks were among the worst performers on Tuesday after some gloomy comments from Deutsche Bank, which downgraded a collection of companies under its coverage. The German bank cut ratings for UK-listed property peers Land Securities, British Land, Great Portland Estates, Intu Properties
Read moreTuesday broker round-up
3rd Sep 2013 11:13
ASOS: Exane increases target price from 5000p to 6000p and keeps an outperform rating. Associated British Foods: Exane upgrades to outperform with a target price of 2400p. Balfour Beatty: Berenberg ups target price from 270p to 300p and retains its buy recommendation. Barclays: Berenberg takes ta
Read moreWednesday broker round-up UPDATE
7th Aug 2013 08:57
Antofagasta: Canaccord Genuity ups target price from 1000p to 1035p leaving its buy recommendation unchanged. BBA Aviation: JP Morgan increases target price from 289p to 343p retaining an overweight rating. UBS moves target price from 250p to 280p and reiterates a neutral rating. Liberum Capital ra
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