Friday preview: Japan data, Shaftesbury in the spotlight
7th Feb 2019 15:08
(Sharecast News) - Barring surprises on the US-China trade talk front, or as regards Brexit, the market spotlight will shift to Japan at the end of the week.
Read moreShaftesbury backer Lee aims to curtail fundraisings
29th Jan 2019 13:10
(Sharecast News) - Shaftesbury's biggest shareholder has again asked other investors to vote with him against the company.
Read moreJP Morgan sees rents falling as it cuts ratings for commercial property
21st Jan 2019 11:50
(Sharecast News) - JP Morgan Cazenove has downgraded a host of European property companies, including FTSE 250 firm Hammerson, as the UK retail sector continues to battle weak consumer sentiment.
Read moreShaftesbury makes progress with lettings
27th Nov 2018 08:19
(Sharecast News) - Shaftesbury made progress letting its larger developments in London's West End, though it was a little slow and contributed to year-end net asset value being slightly lower than expected.
Read moreSunday share tips: Shaftesbury, Sensyne Health, Standard Chartered
7th Oct 2018 14:24
(Sharecast News) - Newspaper share tips from the Sunday Times on Shaftesbury, the Mail on Sunday on Sensyne Health and the Sunday Telegraph on Standard Chartered.
Read moreShaftesbury shafted as major retailer pulls out of Covent Garden lease
28th Sep 2018 08:46
(Sharecast News) - Commercial landlord Shaftesbury but said potential clients for larger and smaller properties in London's West End were being cautious, with one major retailer pulling out despite having agreed terms.
Read moreFootfall and tenant demand keeps Shaftesbury strong
10th Feb 2017 07:40
(ShareCast News) - West End-focussed property investment company Shaftesbury posted a trading update for the period from 1 October to 10 February on Friday, reporting "good footfall and trading" over the festive period. The FTSE 250 firm said continuing low vacancy reflected sustained tenant demand,
Read moreShaftesbury slumps as Barclays cuts rating to 'underweight'
8th Feb 2017 08:24
(ShareCast News) - British real estate investment trust Shaftesbury was under the cosh on Wednesday after Barclays downgraded the stock to 'underweight' from 'equal weight' and cut the target price to 820p from 870p, saying it has seen more attractive valuations elsewhere. Barclays said the valuatio
Read moreShaftesbury profit drops but revenue rises; says no impact from Brexit so far
29th Nov 2016 08:02
(ShareCast News) - FTSE 250 real estate investment trust Shaftesbury reported a drop in profit for the year to the end of September but a rise in revenue, as it expressed confidence in its outlook. Pre-tax profit fell to £99.1m from £467.3m the year before, with basic earnings per share down to 35.6
Read moreShaftesbury claims 'good' trading ahead of year-end
29th Sep 2016 07:59
(ShareCast News) - West End-focused real estate investment trust Shaftesbury posted a trading update for the period from 1 July to 28 September on Thursday, reporting trading across its shops, restaurants, cafés and bars as "good" throughout the summer months. The FTSE 250 company said with sustaine
Read moreShaftesbury looking to change conditions of stock
4th Aug 2016 08:44
(ShareCast News) - Shaftesbury announced on Thursday morning that it has held discussions with certain holders of its £61,048,148 8.5% first mortgage debenture stock due 2024, about a proposal to amend the terms and conditions of the stock. The FTSE 250 company said the proposal, if approved and imp
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 moreShaftesbury's first half profits fall on higher finance costs
25th May 2016 09:32
(ShareCast News) - Property investment company Shaftesbury reported a decline in pre-tax profit in the first half as the company incurred higher finance costs. The company's profit before tax came to £80.1m in the six months ended 31 March 2016, down from £180.2m in the same period a year earlier.
Read moreThursday broker round-up
19th May 2016 13:42
(ShareCast News) - Countryside Properties: JP Morgan reiterates overweight with a 280p target. SSP Group: Citigroup retains buy with a 340p target. Polymetal International: Jefferies keeps at underperform with a 520p target and UBS reiterates neutral with a target price of 675p and Deutsche Bank st
Read morePeel Hunt sees opportunities and risks in UK commercial property
12th Apr 2016 13:25
(ShareCast News) - In 2016, and for the first time in four years, UK commercial property shares had not outperformed the All-Share. That had thrown-up appetising opportunities in the sector for the first time in several years as shares de-rated, with the sector changing hands on an average discount
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