St Modwen boasts of 'substantial' profits beat for full year
4th Dec 2013 07:10
- FY PBT 'substantially ahead' of expectations - Major contracts signed Full year profits are likely to be 'substantially ahead' of expectations at St Modwen, thanks to the strengthening property market and successful improvements of its properties. In a trading statement the FTSE 250 property r
Read moreLondon pre-open: FTSE to move lower ahead of data releases
2nd Dec 2013 07:21
- FTSE to drop 13 points - Chinese PMI beats expectations at 50.8 - UK Manufacturing PMI due out later City sources predict the FTSE 100 will open around 13 points lower than Friday's close of 6,650.57, ahead of a several important economic data releases due out today and as markets get back on tra
Read moreSt. Modwen Properties sells Elephant & Castle Shopping Centre
2nd Dec 2013 07:09
St. Modwen Properties said its joint venture with Salhia Real Estate Company has completed the sale of the Elephant & Castle Shopping Centre to Delancey and APG for 80m pounds in cash. The joint venture, Key Property Investments, had acquired the retail, leisure and office complex of 327,000 sq ft
Read moreWednesday broker round-up
6th Nov 2013 08:48
Anglo American: Alphavalue moves target price from 1816.9p to 1827.1p upgrading from add to buy. Associated British Foods: Citi raises target price from 1950p to 2350p, while leaving its neutral rating unchanged. Assura Group: Liberum Capital initiates with a target price of 42.9p and a buy recomm
Read moreTuesday broker round-up UPDATE
8th Oct 2013 11:39
Aviva: Alphavalue shifts target price from 366.70p to 366.20p downgrading from reduce to sell. Barclays: Credit Suisse reinitiates with a target price of 280p and a neutral recommendation. BHP Billiton: Alphavalue reduces target price from 1972.70p to 1732p downgrading from add to reduce. Chesnar
Read moreLondon close: Stocks finish flat as markets digest US shutdown, data
1st Oct 2013 16:25
Stocks in the UK finished broadly flat on Tuesday as investors gave a subdued reaction to the news of the first partial US government shutdown in 17 years. Indices across Europe and the States however edged higher today, with London's FTSE 100 bucking the trend given some sharp falls in the heavywe
Read moreFTSE 250 movers: ITE Group boosted by positive update
1st Oct 2013 15:43
Conference and exhibition organiser ITE Group was a strong riser after it said it expects to reveal stronger annual revenue after positive trading conditions in most of its overseas markets during the fourth quarter. Revenue for the full year is expected to be around £191m compared to £172m in 201
Read moreLondon midday: Stocks slip on US budget impasse
1st Oct 2013 11:49
UK markets declined on Tuesday for the third straight day as the first partial government shutdown in Washington in 17 years prompted a reduction in risk appetite. The benchmark FTSE 100 index in London was extending losses after closing at a one-month low the day before of 6,562.22, its worst leve
Read moreLondon open: Markets flat as investors digest US shutdown
1st Oct 2013 08:31
UK markets opened broadly flat on Tuesday after the failure by US politicians to agree on a budget prompted the first partial government shutdown in Washington in 17 years. The Senate last night voted down a House of Representatives-passed bill that had called for a one-year delay in President Bara
Read moreLondon pre-open: Flat start for FTSE after partial US government shutdown
1st Oct 2013 07:30
City sources predict the FTSE 100 will open around two points lower than Monday's close of 6,462.22 after the US government was forced to begin a partial suspension of non-essential services, having failed to agree a budget for next year - this is its first shutdown in 17 years. In an afternoon vo
Read moreSt. Modwen Properties confident for full year
1st Oct 2013 07:09
Property investment and development business St. Modwen Properties said it has continued to perform strongly since the half year, buoyed by a strengthening housing market, and it remains confident of hitting full year targets. "Whilst recovery in some areas of the market remains slower, improving c
Read moreFTSE 250 movers: Kenmare Resources, St. Modwen Properties
4th Sep 2013 14:26
Kenmare Resources gained after Goldman Sachs lifted its rating to 'conviction buy' from 'buy'. St. Modwen Properties rallied after JP Morgan reiterated an 'overweight' rating for the company's stocks. Thomas Cook Group fell along with airline and travel stocks after Ryanair issued a profits warnin
Read moreTuesday broker round-up
3rd Sep 2013 11:13
ASOS: Exane increases target price from 5000p to 6000p and keeps an outperform rating. Associated British Foods: Exane upgrades to outperform with a target price of 2400p. Balfour Beatty: Berenberg ups target price from 270p to 300p and retains its buy recommendation. Barclays: Berenberg takes ta
Read moreLondon close: Stocks fall for fourth straight day
7th Aug 2013 17:00
The FTSE 100 finished in the red for the fourth straight day on Wednesday as worries over a withdrawal of stimulus in the US and an underwhelming statement from the Bank of England (BoE) dampened sentiment. Comments from a number of Federal Reserve officials and the ongoing improvement in US econom
Read moreFTSE 250 movers: Ferrexpo jumps after solid first-half numbers
7th Aug 2013 14:55
Iron pellet producer Ferrexpo was the high riser on the FTSE 250 on Wednesday with shares up over 10 per cent after a solid first-half report. Revenues were up 6.0% year-on-year at $775m as strong sales demand offset lower market pricing. Analyst Louise Collinge from Investec said that underlying e
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