Shaftesbury ready to benefit from demand for London space
24th Jul 2014 10:21
Real estate investment trust Shaftesbury on Thursday reported continued strong demand and asset management activity across its portfolio since the start of April, saying it was "well placed" to benefit from the growth seen in the UK capital. The FTSE 250-listed group said that the number of visito
Read moreTuesday broker round-up UPDATE
20th May 2014 07:58
Alent: UBS lowers target price from 360p to 355p and keeps a buy recommendation. APR Energy: Investec reduces target price from 1150p to 880p and stays with its hold recommendation. ARM Holdings: Goldman Sachs reduces target price from 1450p to 1400p and stays with its buy recommendation. AVEVA H
Read moreFTSE 250 movers: Rate cut sends SuperGroup sliding
19th May 2014 14:44
A recommendation cut from Oriel Securities knocked more than 5% off of SuperGroup's share price. The broker changed its recommendation to 'reduce' from 'hold', saying "we are starting to ask ourselves whether there is something more fundamental afoot" with the decline in its like-for-like sales, whi
Read moreMonday broker round-up UPDATE
19th May 2014 07:55
Alent: Numis moves target price from 330p to 340p upgrading to add. AVEVA Group: Westhouse Securities initiates with a target price of 2260p and a buy recommendation. Bovis Homes Group: Deutsche Bank shifts target price from 1039p to 1042p and stays with its buy recommendation. Brown (N) Group: J
Read moreShaftesbury upbeat amid thriving West End
19th May 2014 07:48
- Retail, office space demand continues to flourish - Net asset value climbs 6.2 per cent - Confident of continued growth Real estate investment trust Shaftesbury, one of the biggest owners of London's West End retail and office space, said net asset value rose sharply in the last six months as dem
Read moreShaftesbury improves debt position with new 15-year loan
22nd Apr 2014 07:59
Real estate investment trust Shaftesbury has arranged a new 15-year term loan with Canada Life Investments (CLI), which is due for repayment in May 2029. The £134.75m loan will replace its £100m revolving credit facility with Bank of Scotland (BoS), which had been due to expire in September next y
Read moreShaftesbury completes Chinatown acquisition
27th Mar 2014 13:19
Shaftesbury has completed its acquisition of the Newport Sandringham building in Chinatown, London. The FTSE 250-listed real estate investment trust funded the purchase through the placing of 25.25m shares at 620p each, raising gross proceeds of around £156.6m. The group previously stated that t
Read moreShaftesbury acquires London property from Derwent
24th Mar 2014 07:53
Developer Shaftesbury has acquired a property in London's West End from sector and FTSE 250 peer Derwent London, the groups announced Monday. The 24,900 square foot commercial and residential Jaeger House property, which changed hands for £30.75m, is in Broadwick Street in the Carnaby area of Lond
Read moreFTSE 250 movers: Shaftesbury leads gains, African Barrick digs lower
7th Mar 2014 13:48
Shaftesbury rose strongly after it yesterday placed 25.25m shares at 620p each raising a total of 156.6m pounds. The group is using the proceeds to fund a property purchase and ongoing redevelopment schemes. esure Group was also a strong riser, driven by readacross from fellow insurer Aviva, which
Read moreShaftesbury proposes fundraising for acquisition in London
6th Mar 2014 10:46
Shaftesbury has proposed a fundraising for the acquisition of a long-leasehold interest in the commercial elements of a block in London's Chinatown area. The real estate investment trust has recommended the placement of up to 25,250,000 new ordinary shares, representing approximately 9.99% of the
Read moreProperty group Shaftesbury says portfolio fully let
7th Feb 2014 07:18
- Portfolio fully let - Schemes progressing well - Firm makes five acquisitions Shaftesbury's property portfolio remains fully let and its refurbishments are near completion, the real estate investment trust said on Friday. A scheme to redevelop the buildings fronting the south side of Foubert's
Read moreMonday broker round-up UPDATE
27th Jan 2014 09:30
Aberdeen Asset Management: Espirito Santo cuts target price from 573p to 514p and keeps a buy recommendation. Morgan Stanley reduces target price from 492p to 393p and stays with its equal-weight rating. Amino Technologies: N+1 Singer shifts target price from 89p to 93p and reiterates a hold recomm
Read moreThursday broker round-up UPDATE
23rd Jan 2014 09:12
Afren: Investec ups target price from 170p to 200p and maintains a buy recommendation. AG Barr: Investec raises target price from 585p to 620p retaining an add rating. Canaccord Genuity ups target price from 630p to 650p and keeps a buy recommendation. Arbuthnot: Numis downgrades from add to hold
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 moreEntertainment One exec sells 1.8m pounds of shares
9th Dec 2013 16:18
Patrice Theroux, President of the Film division of Entertainment One has sold nearly 1.8m pounds-worth of shares in the company via two separate transactions, it announced on Monday. Theroux disposed of 665,462 at a price of 240.1p on December 5th and offloaded a further 75,000 at 240p the followin
Read more