Thursday broker round-up UPDATE
28th Aug 2014 09:24
Antofagasta: Investec lowers target price from 720p to 719p and retains a sell recommendation. Arrow Global: Canaccord Genuity moves target price from 318p to 325p and keeps a buy recommendation. Numis downgrades from buy to add with a target price of 285p. Balfour Beatty: Berenberg moves target p
Read moreFTSE 250 movers: Vesuvius rises on broker comment
9th Jul 2014 14:52
Vesuvius was one of the biggest fallers on the second tier this afternoon, pushed lower by BNP Paribas, which reiterated its 'neutral' rating on the stock, while WS Atkins and Entertainment One dropped after going ex-dividend. The progression of the integration of its UK Support Services business h
Read moreUnite's student accomodation fund acquires another 2,904 beds
9th Jul 2014 07:59
The Unite UK Student Accommodation Fund (USAF), which is 21%-owned by FTSE 250-listed Unite Group, has acquired a 2,904 bed student accommodation portfolio for £137m. The deal, which was funded through a combination of cash resources and existing debt facilities, equates to a net initial yield of 6
Read moreLondon pre-open: Small dip expected on FTSE early on
9th Jul 2014 07:42
Tracking losses in the US and Asia last night, London-listed stocks are set to move lower at this morning's opening bell, extending their own declines seen in yesterday's session. However, the move lower is predicted to be a modest one, with City sources predicting the FTSE 100 will open just one
Read moreUnite fund growth slows to 1.6% in second quarter
8th Jul 2014 09:02
Student accommodation operator Unite said its UK Student Accommodation Fund (USAF) grew net assets 1.6% in the second quarter of the year, slowing from 2.8% growth in the first. Lettings for the forthcoming academic year were proceeding and rents increasing, with 76% of the portfolio now reserved,
Read moreFTSE 250 movers: Fenner plunges following profit warning
30th May 2014 14:21
Polymer products maker Fenner slumped after warning that underlying group profit before tax for the current fiscal year could be reduced by as much as 10-15% below the current consensus market expectation of £77.6m. This was partly due to what are expected to be "significantly weaker" than previou
Read moreLondon pre-open: Flat start ahead of consumer confidence, German retail data
30th May 2014 07:28
A flat start is expected for London-listed stocks this morning ahead of today's UK consumer confidence report and German retail data. City sources predict the FTSE 100 will open almost unchanged from yesterday's close of 6,871.29. According to forecasts, the GfK's consumer sentiment index is exp
Read moreUnite to redevelop site for student housing in Portsmouth
30th May 2014 07:02
Unite, which builds and manages student accommodation in the UK, is to buy and redevelop a site in Portsmouth to create 830 new beds for those studying in the city. The company said that the 0.77-acre site, subject to planning permissions, "will help address the shortage of purpose built student ac
Read moreUnite Students completes sale of OCB assets, invests proceeds in JV
23rd May 2014 07:57
Unite Students, which develops and manages accommodation, has completed the sale of its three Oasis Capital (OCB) joint venture (JV) assets. The sale price was £174m, which it said was supportive of the existing book value and is in line with expectations. The proceeds were used to repay outstand
Read moreUNITE joint venture to sell London properties
7th Apr 2014 07:09
UNITE Group, the student accommodation firm, has announced that its joint venture Oasis Capital (OCB) is selling its portfolio of three London assets. OCB, in which UNITE holds a 25% stake, is a five-year joint venture set up in 2009 to develop and manage three London properties: Woodland Court, We
Read moreUnite raises funds for development and acquisition of new units
25th Mar 2014 07:56
Unite Group on Tuesday revealed it had had a positive reaction to its placing and open offer, from which it has raised 96m pounds after expenses. A total of 15.75m shares were taken up under the open offer, a further 1.07m were taken up with the placing, and just under another 7.68m shares were is
Read moreThursday broker round-up UPDATE
20th Mar 2014 09:19
Antofagasta: Deutsche Bank cuts target price from 770p to 735p and downgrades to sell. Investec cuts target price from 753p to 726p keeping its sell recommendation. Ashmore Group: HSBC Holdings lowers target price from 410p to 400p retaining its overweight rating. Avacta Group: Numis shifts target
Read moreLondon pre-open: Ukraine, UK Budget in focus
19th Mar 2014 07:23
- Decent finish in US - Focus on UK Budget, MPC minutes, US FOMC - Ukrainian officer killed by Russian forces overnight The City is expecting a broadly flat start this morning, with maybe a rise of just a few points early on as investors await a number of important economic announcements following
Read moreUnite wins planning approval for London accommodation
19th Mar 2014 07:05
Unite has won planning approval to develop a new student property in Islington, London. The accommodation will include 900 beds and covers 260,00 sq ft at a cost of £93m and a yield on cost of 8.8%. The central London, 1.4 acre site on Holloway Road was acquired from London Metropolitan University
Read moreTuesday broker round-up UPDATE
18th Mar 2014 08:58
Antofagasta: Investec places its target price (prev.: 753p) under review, while leaving its sell recommendation unchanged. Ashtead Group: Credit Suisse raises target price from 1000p to 1100p and stays with its outperform rating. UBS increases target price from 875p to 1020p retaining its buy recom
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