Company
Derwent London PLC
LON:DLN
Derwent London is the largest real estate investment trust focused on the London property market. The portfolio is spread mainly across central London and now totals 5.4m sq ft (501,000 sq m) worth £2.6 billion.
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Derwent London and Great Portland best placed to benefit from structural changes in London office market
Numerous trends are creating "a new normal in property", JP Morgan believes
Things looking up for UK property giants says UBS as development pipelines improve
Buy Land Securities, British Land, Great Portland and Derwent London, says the broker
Derwent London sees less 'max-packing' of offices after Covid-19
More agile working practices might reduce overall office demand but Derwent does not believe the impact will be significant
Derwent London and Helical upgraded, Shaftesbury and Unite downgraded as JP Morgan turns more positive on UK property market
The investment bank said the UK market was now “back on the radar”, highlighting that the country is making “good progress against its vaccination targets” and that the threat of a no deal Brexit had now subsided
Derwent London shrugs off new lockdown and commits to Baker Street development
Rent collection for the September quarter had improved to 86% from 80%
Derwent London says rent collections at 80% but hospitality and retail struggling
Retail and hospitality collections are running at 40% so far for the September quarter
Derwent London a good litmus test for Capital's property market
The developer expects pressure from higher unemployment and business closures
Derwent London and Helical Bar see rental collections at around 75%
Derwent London has waived 25% of its service charge for the March and June quarters
Derwent London confident on 2020 outlook and ups dividend by 10%
The property developer sees an improved market for London offices and an increased estimated rental value for 2020
Property sector dividends look more attractive as interest rates expectations trimmed, says RBC
Over the coming three years, the Bank of England is only expected to raise interest rates by half a point, according to forecasts from Oxford Economics
Investments and investor services
FTSE 100 closes in the red as markets sink on growing trade war fears
In Europe, the German DAX tanked 206 points, while the French CAC 40 is down around 104
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BT Group will be in City spotlight on busiest day of the short week
Thursday's preview includes BT Group, Superdry, Morrisons, Barratt Developments, and RSA Insurance.
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BT to take centre stage as it reports full year numbers with dividend in focus
The week ahead includes updates from BT Group, Superdry, Morrisons, ITV, IAG, Barratt Developments, Direct Line, RSA Insurance and Imperial Brands
Land Securities lifted by Deutsche Bank to ‘buy’ from ‘hold’ in major review of the London office market
Aside from Land Securities, the German bank’s analysts also upgraded ratings for mid-cap property firms Derwent London and Great Portland Estates both to ‘buy’ from ‘hold’ too
FTSE 100 closes lower as Brexit is talk of the town
Footsie closed down around 32 points at 7,151, while the FTSE 250 added 23 at 19,270
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Standard Chartered to wrap up recent flurry of big bank results with charge-blurred numbers
Aside from the 2018 results from the emerging markets-focused bank, FTSE 100-listed housebuilder Persimmon and speciality chemicals blue chip Croda International will also report numbers