London midday: Man down as CS cuts target price
6th Jan 2012 12:40
After a quiet start, London's leading shares have kicked on a bit, ahead of the release this afternoon of US jobs data for December. The market is expecting US non-farm payrolls to have increased by 150,000 in December, an improvement on November's 120,000 increase. The unemployment rate is tipped
Read moreLondon open: Waiting on US jobs data
6th Jan 2012 08:54
Footsie is barely changed in quiet trading, as traders await this afternoon's release of US jobs data for December. The market is expecting US non-farm payrolls to have increased by 150,000 in December, an improvement on November's 120,000 increase. The unemployment rate is tipped to rise to 8.7% f
Read moreLondon pre-open: FTSE set for flat start
6th Jan 2012 07:37
City sources are once again predicting a flat start for the FTSE 100, which looks set to open barely 10 points up from yesterday's close of 5,624, buoyed slightly by a strong close to US trading last night. No-frills airline easyJet saw a sharp year-on-year increase in the number of passengers ca
Read moreShaftesbury to receive cash from JV
6th Jan 2012 07:07
Longmartin Properties, a 50/50 joint venture between real estate investment trust Shaftesbury and the Mercers' Company, has tapped up Aviva Commercial Finance for a 15-year loan. The facility is for £120m and is at a fixed rate of interest of 4.43%. The facility is secured against the assets of Lon
Read moreThursday tips round-up: Shaftesbury, Cineworld, Christmas shares
1st Dec 2011 07:06
The Tempus column in The Times ponders which stocks would fit into a share portfolio consisting of stocks exposed to London and the South East only, and suggests that one would be Shaftesbury, the property company whose assets consist almost entirely of shops, restaurants and bars in the West End. I
Read moreWednesday broker round-up - UPDATE
30th Nov 2011 09:42
Weir: UBS increases target from 2,400p to 2,500p, buy rating kept. BG Group: Nomura ups target from 1,750p to 1,850p, buy rating unchanged. BHP Billiton: Investec reiterates buy rating and 1,919p target. International Power: Nomura cuts target from 410p to 390p, buy recommendation kept. Sage: In
Read moreLondon's resilience boosts Shaftesbury
30th Nov 2011 08:26
Shaftesbury, which owns property in London's iconic West End, said the buoyant local economy had helped boost its full year results. The company said unadjusted diluted net asset value per share had increased by 10.8% to £4.19 in the year to the end of September. It added that continuing good tena
Read moreShaftesbury lets two shops to H&M
1st Nov 2011 09:39
London focused landlord Shaftesbury, based in London's West End, has let its two newly-constructed shops in Carnaby Street, West London. The lettings are for a ten year term, with a tenants' break in 2018, and will produce a total rental income of £965,000 per year. The two shops, which total 9,
Read moreShaftesbury sees contined rental, divi growth
4th Aug 2011 07:35
London focused landlord Shaftesbury said it remains confident of rental and dividend growth as robust demand for its properties continues. "Trading conditions in London's West End remain very healthy," Shaftesbury noted. "Prosperity of the West End is evident across Villages, reflected in strong
Read moreFTSE 250 movers: C&W Comms drops by a tenth
25th May 2011 15:42
The first year of independence saw earnings remain virtually static at Cable and Wireless Communications (CWC), largely as a result of a more difficult Caribbean market than the telecoms group expected at the time of its demerger. Shares dropped over 10% by Wednesday afternoon. Sportswear retailer
Read moreShaftesbury lifts NAV, names new CEO
25th May 2011 07:29
London focused landlord Shaftesbury reported a 5.3% hike in net asset value, increased rental income by 13% and named Brian Bickell as its new chief executive. The group, which rents out property primarily in London's West End, said adjusted diluted net asset value per share increased to 436p for
Read moreJohnston Press chairman buys again
21st Mar 2011 16:59
Johnston Press chairman Ian Russell has nearly doubled his stake in the local newspaper publisher. Russell acquired 1.3m shares at 7.65p each, taking his stake to 2.71m shares. The share purchase cost just over £99,000. The Johnston Press share price has fallen by nearly three-quarters in the pa
Read moreShaftesbury boss invests £100,000
4th Mar 2011 17:03
Shaftesbury chief executive Jonathan Lane has invested a further £100,000 in the property investor. Lane has bought 22,222 shares at 450p each. That takes his stake to 966,233 shares, which is worth £4.3m at the latest purchase price. Lane raised just over £99,000 from the sale of option shares la
Read moreLondon close: Shares applaud Mubarak exit
11th Feb 2011 16:51
Shares rallied sharply in the afternoon following strong confidence figures from the US, but it was the announcement that Egyptian president Hosni Mubarak is stepping down that really stirred up excitement. One stock in particular reacted strongly to the announcement. Shares in gold miner Centamin
Read moreFTSE 250 movers: Ocado takes a hit after JL cashes in
11th Feb 2011 15:57
Ocado's share price fell dropped by 14% after 11% shareholder John Lewis cashed in now that the six month lock-up period following last July's float has ended. Also lower is pubs group Mitchells and Butlers after naming senior independent director Simon Burke as its new chairman, taking over from
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