Wednesday broker round-up
24th Feb 2016 15:28
(ShareCast News) - Standard Chartered: UBS reiterates neutral with a target price of 510p, JP Morgan stays at overweight, 725p target and Morgan Stanley keeps at underweight with a target price of 370p. Home Retail Group: Canaccord upgrades hold with a target price of 175p. Capital & Countries Prop
Read moreCapital & Counties retail strength offsets slowdown
24th Feb 2016 08:03
(ShareCast News) - Covent Garden and Earls Court owner Capital & Counties Properties generated a 16% increase in net asset value after a strong year for retail leasing but a slowdown in the second half of the year hit residential activity. The FTSE 250 group, which is still mulling whether or not to
Read moreSunday newspaper round-up: Sainsbury-Home Retail, RBS, IHG, Ladbrokes
31st Jan 2016 16:24
(ShareCast News) - As Tuesday's takeover deadline approaches, Sainsbury's has made a bid of 150p per share for Argos owner Home Retail Group, which is shy of the 170p apparently being demanded. The Sunday Telegraph cited sources that suggested a middle-ground 160p bid would be enough to announce the
Read moreCapco on track for positive second half
10th Nov 2015 08:06
(ShareCast News) - Central London property firm Capital and Counties said it had a "positive and active" second half of the year. In a trading statement for the four months to 10 November, the company said it had a conservative loan-to-value ratio of 16% with more than £470m in cash and available fa
Read moreCapital & Counties may sell venues business
9th Nov 2015 07:59
(ShareCast News) - Capital & Counties Properties confirmed on Monday that it is conducting a strategic review that could lead to the sale of its venues business. "Following the successful transition of shows from the former Earls Court Exhibition Centres and a major refurbishment programme, Ca
Read moreSunday newspaper round-up: Pressure on sterling, steel suppliers and Sajid Javid
8th Nov 2015 15:41
(ShareCast News) - The pound could plunge against the dollar to levels last seen during the financial crisis due to the increased likelihood of a US interest rate rise. Ever more economists predict December will see the Federal Reserve lift interest rates for the first time in years, while the Europ
Read moreCapital & Counties first-half net asset value up 10%
29th Jul 2015 12:17
(ShareCast News) - Capital & Counties Properties posted a 10% rise in first-half net asset value and said its two London developments have had a positive and active start to the year. The company said that in the six months to the end of June, net asset value rose to 342p per share from 311p in Dece
Read moreLondon pre-open: UK stocks to open higher after long weekend
7th Apr 2015 07:44
UK stocks are expected to open in positive territory on Tuesday morning following a four-day weekend, tracking gains on Wall Street. City sources predict the FTSE 100 will open 37 points higher than Thursday's close of 6,833.46. "European markets have been closed since Thursday and so they have a l
Read moreCapco and TfL complete Earls Court development partnership
7th Apr 2015 07:34
Capital and Counties Properties, otherwise known as Capco, has announced the completion of the Earls Court Partnership Limited (ECPL). The ECPL was an investment vehicle established with Transport for London (TfL) in March 2014, forming part of the so-called Earls Court Masterplan to create 7,500 ne
Read moreFriday broker round-up
27th Mar 2015 16:29
Aviva: Jefferies reiterates buy and ups target to 630p from 608p. RBS: UBS keeps at neutral and trims target to 375p from 386p. ITV: Exane reiterates add and lifts target to 288p from 267p. Wolseley: Exane reiterates underperform and lowers target to 2,660p from 2,730p. Hunting: JP Morgan Cazenov
Read moreCapital & Counties total return jumps on strong London performances
26th Feb 2015 12:18
Property group Capital & Counties Properties said total return for 2014 rose 25% as a strong performance in the London property market drove an increase in its portfolio value. Strong results at the group's Earls Court Properties business and at its Covent Garden unit drove the value of the property
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 moreCapital & Counties reports higher half-year property values
1st Aug 2014 12:19
Capital & Counties Properties (Capco) reported a 7.5% increase in the value of its real estate in the first half to £2.6bn. European Public Real Estate Association (EPRA) adjusted net asset value (NAV) grew 9.5% to 272p per share, following the strong performance of the group's London estates inclu
Read moreBroker tips: Housebuilders, Real estate stocks, Burberry...
17th Jun 2014 13:23
British housebuilders are unlikely to take a major hit from a rise in interest rates, US broker JP Morgan Cazenove said on Tuesday. "Given we expect a rate hike to be associated with improving economic conditions, we expect limited impact on market conditions". Large UK property stocks, which are
Read moreUK property stocks set for a de-rating, says Deutsche Bank
17th Jun 2014 10:29
Large UK property stocks, which are already trading at demanding valuations, could be set for a temporary de-rating on the back of "more challenging macro conditions", according to analysts at Deutsche Bank. "We on the property research team at Deutsche Bank see a real risk that the recent measures
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