London open: Stocks rise ahead of Osborne's Autumn Statement
5th Dec 2012 08:29
Equity markets rose on Wednesday morning after strong gains for Asian markets overnight with the focus in the UK turning to George Osborne ahead of his budget statement. "In a week dominated by Europe and the on-going to-ing and fro-ing in the US with respect to the fiscal cliff, markets will be tu
Read moreUNITE hits 2012 disposal targets
5th Dec 2012 07:49
Student accommodation group UNITE has hit its disposal targets for 2012 after completing the sale of two assets in London and Glasgow. The company and its co-investment vehicles has make £127m of non-core asset sales in the year to date, in line with book value, meaning that it is on track to hit i
Read moreUnite Group issues first retail bonds
21st Nov 2012 12:47
Student accommodation group Unite has launched its first retail bonds, which have a fixed rate of 6.125 per cent and are due in June 2020. The bonds, which are payable twice yearly on June 12th and December 12th, have a minimum initial subscription amount of £2,000 and in multiples of £100 thereaft
Read moreDiageo COO and CFO trade in shares post-exercise
16th Nov 2012 16:18
The Chief Operating Officer and Chief Financial Officer of Diageo have both sold sizeable stakes in the drinks behemoth after exercising options under its Senior Executive Share Option Plan. COO Ivan Menezes exercised options over 40,813 American Depository shares and subseqently sold 39,813 (equa
Read moreFriday broker round-up -UPDATE
16th Nov 2012 07:22
Anglo American: Deutsche Bank cuts target price from 2600p to 2520p and reiterates a buy rating. Atkins: JP Morgan Cazenove reduces target price from 862p to 859p, overweight rating maintained. Bodycote: Investec raises target price from 400p to 410p, buy recommendation remains unchanged. Brammer
Read moreUnite lettings robust despite drop in admissions
15th Nov 2012 07:27
Student accommodation group Unite said occupancy for the 2012/13 academic year stood at 96 per cent and rental growth for the full year expected to be around 3 per cent, despite disruption to the University admissions process this year. The UK's largest developer and manager of student accommodatio
Read moreUnite Group acquire Camden property from Travis Perkins
19th Oct 2012 13:45
Unite Group, which develops and manages student accommodation, has acquired a zone 1 site in Camden, North London, from Travis Perkins, to which it will provide a new trading facility once the development is complete. The transaction cost Unite £23.8m with funding provided by HSBC. Unite secured
Read moreUnite Group sells 56-bed property in west London
12th Oct 2012 14:39
Unite Group, which develops and manages student accommodation, has announced the completion of the sale of its wholly-owned 56-bed property in Devonshire Street, west London. According to Unite, the £15.25m transaction demonstrates further progress in its selective disposal programme of non-core as
Read moreAvanti Comms directors show their faith
10th Oct 2012 16:30
It is fair to say that the market was not over the moon about the full year results from satellites operator Avanti Communications, but the directors believe the share price reaction has been overdone, a view they have been backing up with share purchases. David Williams, Chief Executive of Avanti,
Read moreUnite Group extends JV and forms another
14th Sep 2012 08:27
Unite Group, the UK's largest developer and manager of student accommodation, has announced an extension of its existing joint (JV) with GIC Real Estate, the real estate arm of the government of Singapore Investment Corp. as well as the creation of a new partnership through which Unite will undertak
Read moreFriday broker round-up
7th Sep 2012 09:03
ASOS: Jefferies keeps buy rating and 2,199p target. AstraZeneca: Morgan Stanley upgrades to equal weight. Aviva: AlphaValue downgrades to add, target lifted from 385p to 389p. Barclays: Deutsche Bank upgrades to buy. Dixons: Nomura keeps neutral rating and 20p target. Legal & General: Credit Su
Read moreFriday tips round-up: Ophir, Unite, Consort Medical
31st Aug 2012 07:14
Questor in the Telegraph gets to crow over its tip of the year, Ophir Energy. The company has moved up by nine-tenths since a recommendation at the beginning of 2012 after a hugely successful oil and gas drilling campaign in east Africa. This is 'the place to be' in resources and even though Ophir h
Read moreThursday broker round-up
30th Aug 2012 09:35
Admiral: Nomura keeps buy rating and 1,300p target. Antofagasta: Jefferies raises target from 1,050p to 1,200p, hold rating kept. APR Energy: Investec upgrades from hold to buy, target cut from 1,100p to 950p. Cape: Investec maintains buy recommendation and 300p target. Consort Medical: N+1 Brew
Read moreUNITE Group doubles profit
30th Aug 2012 08:08
Student accommodation provider UNITE said recurring profits from operations doubled to £14.4m in the half year to 30 June amid high occupancy levels across the entire portfolio. Adjusted, diluted NAV per share climbed 5.3% to 335p while adjusted earnings per share increased 190% to 9p. Like for lik
Read moreTuesday broker round-up - UPDATE
13th Mar 2012 09:59
AstraZeneca: Panmure Gordon keeps buy rating and 3,600p target. Bellway: Credit Suisse maintains outperform rating. BG Group: Nomura raises target from 1,865p to 1,950p, buy rating kept. Computacenter: Panmure Gordon ups target from 490p to 501p, buy rating unchanged. Hays: Credit Suisse ups tar
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