Broker tips: Howden Joinery Group, Segro, Countrywide
25th Oct 2016 10:11
(ShareCast News) - Howden Joinery Group shares dropped on Tuesday as Berenberg lowered its recommendation on the stock to 'hold' from 'buy' and cut the target price to 450p from 550p. Berenberg said the supplier of kitchens and joinery products is seemingly one of the most exposed companies in its U
Read moreTuesday broker round-up
25th Oct 2016 10:10
(ShareCast News) - Segro: Barclays keeps at overweight with a target price of 520p. Howden Joinery: Berenberg downgrades to hold, 450p target. Standard Chartered: Deutsche Bank reiterates sell with a 574p target. Cobham: UBS reiterates neutral with a 160p target. Cobham: Barclays reiterates equal
Read moreSegro boosted by Barclays upgrade
25th Oct 2016 08:50
(ShareCast News) - Segro got a boost on Tuesday as Barclays lifted the stock to 'overweight' from 'equalweight' and upped the price target to 520p from 450p, saying the company was the largest and most liquid way to play the logistics investment theme. Barclays noted that the structural challenges f
Read moreSEGRO strength continues in third quarter
20th Oct 2016 08:17
(ShareCast News) - SEGRO published a trading update for the period from 1 July to 19 October on Thursday, with the board claiming continued strength over the third quarter. The FTSE 250 firm said it saw continued momentum on leasing and pre-leasing of warehouse space, contracting £13.5m of new rent
Read moreSegro sells Heathrow industrial estate for £80m
19th Sep 2016 07:04
(ShareCast News) - FTSE 250 property developer Segro sold its Heston and Airlinks industrial estate near Heathrow airport for £79.5m to Capital Industrial, a property investment and management company. Chief executive Phil Redding said the disposal reflected the company's "desire to focus our portfo
Read moreFitch reaffirms long-term credit rating on Segro at BBB+
6th Sep 2016 14:58
(ShareCast News) - Ratings agency Fitch gave its blessing to Segro´s recent cash raise on 2 September, reaffirming the property developer´s long-term credit rating at BBB+. The equity placement would help the company finance its large development programme, Fitch said. "Fitch expects Segro to remai
Read moreSegro sees strong demand at half-year stage
2nd Sep 2016 07:57
(ShareCast News) - Trading at Segro since the end of June had seen occupational demand remain strong. The property developer´s vacancy rate remained low and the firm saw net absorption of existing space. From 30 June, the company had signed pre-let agreements for 188,600 square meters across Europe,
Read moreSegro reports challenging conditions in emerging markets
2nd Sep 2016 07:45
(ShareCast News) - Trading at Segro since the end of June had seen occupational demand remain strong. The property developer´s vacancy rate remained low and the firm saw net absorption of existing space. From 30 June, the company had signed pre-let agreements for 188,600 square meters across Europe,
Read moreLondon open: Stocks drift lower ahead of key speech by Fed´s Yellen
26th Aug 2016 08:10
(ShareCast News) - London stocks started the session marginally lower on Friday as investors eyed a speech by Federal Reserve chair Janet Yellen at Jackson Hole later in the day for any clues on the timing of an interest rate hike. As of 0822 BST the FTSE 100 was trading lower by 6.62 points to 6,81
Read moreSegro sells London industrial estate for £79.5m
26th Aug 2016 07:19
(ShareCast News) - Segro said it has exchanged contracts to sell the Heston & Airlinks Industrial Estate near Heathrow Airport to Capital Industrial Four BV for £79.5m. Heston Industrial Estate is a multi-let industrial estate comprising 481,000 sq ft of warehouse space across 47 units. The estate h
Read moreSEGRO earnings ahead in first half
26th Jul 2016 09:06
(ShareCast News) - SEGRO posted its results for the six months to 30 June on Tuesday, describing the period as having "strong operating metrics" supported by good occupational market fundamentals and active management of the portfolio. The FTSE 250 firm reported a 43% increase in new annualised gros
Read moreSEGRO poaches Soumen Das as new CFO from Capco
26th Jul 2016 08:09
(ShareCast News) - SEGRO announced on Tuesday that it has appointed Soumen Das as its chief financial officer. The FTSE 250 company said that 39-year-old Das is currently the managing director and chief financial officer of Capital & Counties Properties. The board expects to Das to join SEGRO in th
Read moreCiti sees opportunity in UK real estate correction
18th Jul 2016 16:17
(ShareCast News) - UK commercial real estate values were set to fall further, analysts at Citi said, but they believed the falls would only be a 'correction' - mostly cyclical in nature - and should be looked upon as a trading opportunity. Nonetheless, they admitted the risk of a more severe propert
Read moreWednesday broker round-up
29th Jun 2016 18:09
(ShareCast News) - Petrofac: Jefferies upgrades to buy with a target price of 835p and Societe Generale stays at buy with a target price of 921p. Thomas Cook: JP Morgan keeps at neutral with a 101p target. Standard Life: HSBC keeps at buy with a target price of 360p and Barclays reiterates equal-we
Read moreSegro offloads further chunk of logistics portfolio into Selp JV
15th Jun 2016 07:38
(ShareCast News) - Property investment trust Segro has transferred a portfolio of continental European big box warehouses and development land to its 50%-owned joint venture in exchange for €89.4m (£71m). The transaction is part of the FTSE 250 company's strategy of holding continental big box wareh
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