St Modwen upgrades guidance after regional property uplift
1st Oct 2014 08:28
After a strong third quarter in its regional, commercial and residential markets, property developer St Modwen said it now expected to beat profit consensus forecasts for the full year. The FTSE 250 brownfield specialist said all areas of the business were making "excellent progress, supported by ta
Read moreBritish American Tobacco director sells off LTIP share awards
4th Aug 2014 15:51
John Benedict ('Ben') Stevens, the head of finance at British American Tobacco, has sold nearly £0.7m-worth of shares in the cigarette maker. After being awarded 39,142 shares under the company's long-term incentive plan from 2011, Stevens offloaded 18,802 of them at a price of 3,486p each. Steven
Read moreTelit Communications CEO continues to grow holding
8th Jul 2014 16:01
The Chief Executive and founder of Telit Communications has continued to expand his stake in the group with another two sizeable purchases. Oozi Cats, who last week spent £210.43m on shares, has this week made the more modest purchase of 200,000 shares in a deal worth £430,000, alongside the acquis
Read moreFTSE 250 movers: Chinese data lifts mining sector
1st Jul 2014 15:49
Mining stocks were the best performers today, following the decent economic data from top metals user China. African Barrick Gold, BlackRock World Mining and Polymetal were three of the strongest risers on the second tier this afternoon. UK regeneration specialist St. Modwen Properties jumped as
Read moreBroker tips: Wolseley, St. Modwen, Ocado
1st Jul 2014 12:57
Credit Suisse has lowered its price target for Wolseley from 4,000p to 3,800p to reflect currency movements, but has maintained its positive stance, saying it sees "robust" growth for the heating, plumbing and building products group. "Our core thesis on WOS remains intact, and the stock remains on
Read moreLondon midday: Stocks rise as global manufacturing improves
1st Jul 2014 12:06
- China, UK manufacturing PMIs show improvement - Eurozone manufacturing PMI at seven-month low - Mining stocks rise strongly - St. Modwen impresses, Ocado disappoints techMARK 2,825.76 +0.30% FTSE 100 6,780.32 +0.54% FTSE 250 15,798.59 +0.48% Improving manufacturing activity in the UK and China g
Read moreNumis upgrades St. Modwen to 'buy' after H1 beat
1st Jul 2014 11:31
Better-than-expected first-half numbers from property and land regeneration firm St. Modwen Properties on Tuesday prompted Numis Securities to upgrade its recommendation from 'add' to 'buy', saying that the stock's valuation "feels too low". Numis said that St. Modwen "produced a strong set of inte
Read moreSt. Modwen profits soar as confidence returns to regional property
1st Jul 2014 08:41
- Half-year profit jumps 32% - Increased dividend payment - Residential and commercial valuations improving UK regeneration specialist St. Modwen Properties posted a 32% increase in half year pre-tax profit, increased its dividend and said improving valuations particularly in the residential sector
Read moreLondon open: Upbeat China data gives markets a boost
1st Jul 2014 08:18
- Chinese manufacturing at six-month high - Global manufacturing PMIs in focus - Ukraine ends ceasefire with rebels techMARK 2,821.23 +0.13% FTSE 100 6,773.37 +0.44% FTSE 250 15,734.94 +0.07% UK equity markets rose strongly on Tuesday morning as upbeat manufacturing data from China gave the heavyw
Read moreLondon pre-open: Chinese PMI to give FTSE lift early on
1st Jul 2014 07:40
Buoyed by a positive set of Chinese manufacturing figures out overnight, London stocks are set to register decent gains this morning. City sources predict the FTSE 100 will open around 17 points above yesterday's close of 6,743.94. Wall Street finished yesterday on a mixed note, matching the pic
Read moreTuesday preview: Global manufacturing PMIs, St Modwen's in focus
30th Jun 2014 15:52
Manufacturing data will be the theme of the day for financial markets on Tuesday as traders assess the outlook for the global economy at the end of the second quarter. Purchasing managers' indices (PMIs) from China, the UK, Eurozone and US are scheduled for release during the session, all of which
Read moreSt. Modwen to begin second phase of Longbridge development
26th Jun 2014 12:55
St. Modwen Properties is set to begin work on the second phase of the retail development at Longbridge in Birmingham after being granted planning permission for a 150,000 square foot Marks & Spencer store and an additional 45,000 sq ft of retail space. The approval marks the latest stage in the £1
Read moreSt. Modwen Properties signs further deal with Swansea Uni for Bay Campus
25th Jun 2014 16:19
St. Modwen Properties, the UK regeneration specialist, has signed a new student accommodation development agreement with Swansea University to deliver an additional £50m of student accommodation and major new student facilities as part of the previously agreed Bay Campus development. Under the agr
Read moreFTSE 250 movers: JD Sports recovers after CEO exit
2nd Jun 2014 14:27
JD Sports Fashion recovered somewhat from last week's losses which came after it announced the exit of Chief Executive Officer Barry Bown. Brownfield land developer St Modwen Properties also rose after it reported that strong momentum has continued with a growing pipeline of development opportunit
Read moreSt Modwen may cash in on higher London land values, says Oriel
2nd Jun 2014 11:54
Brownfield land developer St Modwen Properties could cash in on an upturn in the regional property market and higher land values in London, broker Oriel Securities said. Oriel said St Modwen could top the broker's forecasts given improving regional property market conditions and the possibility of
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