Workspace rides London growth
12th Jun 2012 09:29
Workspace Group, which specialises in providing office space to start ups, says a focus on London has helped it ride out the recent Eurozone inspired storms. In the 12 months to the end of March trading profit. which is essentially net rental income minus administration expenses and net finance cos
Read moreMonday broker round-up - UPDATE
6th Feb 2012 09:12
Supergroup: Oriel Securities upgrades to buy from hold. Glencore: Jefferies ups target from 525p to 575p, confirms buy rating; Credit Suisse maintains outperform rating and 550p target. Royal Dutch Shell: Credit Suisse downgrades from outperform to neutral, cuts target from 2,750p to 2,600p. Xst
Read moreNew chief at Workspace
6th Feb 2012 07:51
Business space provider Workspace has named Jamie Hopkins as chief executive, with effect from 1 April 2012 as Harry Platt retires at the end of March. Platt will remain with the firm until June 2012 in order to ensure an orderly handover, the group said in a company statement. Commenting on the a
Read moreMonday broker round-up - UPDATE
14th Nov 2011 09:19
Barclays: Goldman Sachs cuts to sell from neutral. BG Group: Evolution Securities keeps buy recommendation and 1,800p target. BG Group: Nomura maintains buy and 1,750p target. ITV: Peel Hunt retains buy and 73p target. ITV: Investec maintains hold rating and 55p target. Cairn Energy: UBS cuts
Read moreSector movers: Mining sector rises as metals prices increase
7th Jul 2011 16:05
The miners were making gains on Thursday, as metals prices headed higher. As of 16:10, copper futures were 2.11% higher at $442.65/lb, while silver was 1.25% up at $36.365 per troy ounce. FTSE 100 mining peers Antofagasta, Kazakhmys, Fresnillo, ENRC and Rio Tinto were all in demand. Sector peer B
Read moreWorkspace to raise £63m
7th Jul 2011 12:53
Business space provider, Workspace, has announced it is to raise £63m through a rights issue. The firm said the fully underwritten rights issue would give it the resources it needed to invest in its existing portfolio and give it a war chest to go hunting for new properties. New shares will be iss
Read moreTuesday tips round-up: e2v, Workspace, DS Smith...
7th Jun 2011 06:43
e2v technologies is a maker of specialist technology for high-performance systems that was spun out of the old Marconi business by its management when Marconi collapsed in 2002. It is one of the Tempus tips for 2011, and one of the best-performing. The shares were tipped at 91p on January 1; they
Read moreBroker tips: WPP, Victrex, Workspace Group
3rd Jun 2011 12:38
Nomura has reduced its full-year revenue assumptions for advertising and marketing group WPP as growth in April appears to have slowed slightly after a stronger first quarter. "The trading statement for the first four months of the year showed organic growth of 6.2% vs. 6.7% for Q1 [first quarter]
Read moreBroker snap: Workspace Group downgraded to 'hold'
3rd Jun 2011 12:34
Panmure Gordon has downgraded its recommendation on business space provider Workspace Group from 'buy' to 'hold', following a strong share price performance of the first half of 2011. Nevertheless, the broker expects Workspace to report a "continued momentum in terms of occupancy improvement, as we
Read moreThursday tips round-up: Imperial Tobacco, Sage, ICAP...
3rd Feb 2011 06:44
There has been a shortage of good news for investors in Imperial Tobacco and other cigarette makers. Shares in the sector were hit recently by claims that the habit could die out within 40 years. There is little sign of that in Imperial's latest figures. Imperial plans to raise the ratio of earning
Read moreSmall caps round-up: E2V, Interserve, London Mining...
15th Nov 2010 11:15
Electronic component maker e2v had a strong first half and expects to trade at a similar run rate over the next six months given its current order book. Profit before tax for the six months ended 30 September leapt to £10.1m from £2.6m in 2009 on revenue up 10% to £105.4m. Excluding a 'one-off' ben
Read moreBig Yellow founder sells
30th Sep 2010 16:52
The wife of a Big Yellow non-executive director has sold £1.56m worth of shares in the self storage business. Deborah Burks, the wife of Philip Burks, sold 500,000 shares at an average price of 311.8p a share between 24 September and 29 September. This cuts Burks' stake to 4.67%. Burks was the fo
Read moreWorkspace 3-Mos Total Occupancy Up 0.8% To 82.7%
27th Jul 2010 11:10
LONDON (Dow Jones)--Workspace Group PLC (WKP.LN), London's flexible business space provider, total occupancy was up 0.8% to 82.7%, in the quarter ended June 30, adding that current trading was stable and remains cautious on the economic outlook. MAIN FACTS: -Comparable occupancy of 88 proper
Read moreMARKET TALK: Evolution Cuts Workspace Group To Neutral
5th Jul 2010 08:39
0739 GMT [Dow Jones] Evolution cuts Workspace Group (WKP.LN) to neutral from add. Says Workspace offers earnings growth potential by increasing the portfolio occupancy rate. "Despite the potential earnings growth, we see better value elsewhere, in both the large-cap REIT's and the operationally leve
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
5th Jul 2010 08:39
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0739 GMT [Dow Jones] Evolution cuts Workspace Group (WKP.LN) to neutral from add. Says Workspace offers earnings growth poten
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