Retail 'survivors' to pile more pressure on Land Securities and peers, Liberum warns
Broker warns that the industry has yet to fully price the “rising bargaining power of stronger surviving retailers” such as Next
Company
Land Securities Group PLC
LON:LAND
Land Securities is a FTSE 100 company and we own and manage approximately 7.6 million m2 of commercial property and provide property services to more than 2,500 private and public sector clients.
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Land Securities posts wider loss as tough retail market weighs on portfolio
The company said it sees no near-term improvement in retail market conditions with company voluntary arrangements likely to continue.
Investments and investor services
FTSE 100 closes higher and global stocks rally as trade fears seem to ease
On Wall Street, the Dow Jones Industrial Average is up 287 points at the time of writing
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Jobs figures take macro spotlight on Tuesday while LandSec leads company reports
Analysts at RBC Capital Markets are expecting the UK jobless rate to remain below 5% for a third successive month
British Land, Landsec subside as Barclays eyes more retail property weakness
Analysts downgrade British Land due to its higher exposure to the challenged retail warehouse segment
Debenhams to close 22 stores next year as part of CVA plan
Several London-listed REITs have Debenhams stores on their books
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
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FTSE 100 closes higher as no deal Brexit fears ease
Footsie closed around 26 points higher at 7,185, while FTSE 250 added around 103 points at 19,283
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Thursday's Brexit fallout likely to overshadow Capita and Savills results
Brexit and the latest vote will likely be the main talking point, but there will be financial results too!
Land Securities' head of retail property departs
Group chief executive Robert Noel will handle the retail portfolio for the time being.
RBC initiates coverage on six property firms as it turns spotlight on UK real estate
Both LandSec and Tritax were given 'outperform' ratings on the back of an improved risk profile and exposure to the UK industrial property market respectively
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FTSE 100 closes higher but Wall Street lags
The FTSE 250 index, though, fell around 30 points to 18,609 on the day
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Thursday’s spotlight to focus on planes, trains and pubs with meals
Thomas Cook, Go-Ahead Group, and Greene King will be among Thursday's highlights.
British Land gets a lift from HSBC upgrade to ‘buy’ from ‘hold’ albeit after a cut to its price target
The bank’s analysts said: “As with all of our UK real estate coverage, our target price is weighted (75%) in favour of price/book to reflect the frequency of valuation evidence in the UK market”
Investments and investor services
FTSE 100 flatlines at close as sterling gains on Brexit optimism
The UK blue-chip benchmark closed up 0.68 at 7,053, while the FTSE 250 added over 174 points at 18,985
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Taylor Wimpey and Vodafone to lead the way on a busy Tuesday in the City
The City diary is filled to the brim, with updates expected from Taylor Wimpey, McCarthy & Stone, Vodafone, Premier Foods, Experian and many more
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Housebuilders to take centre stage again after Persimmon boss drama
The week ahead includes trading updates from Bovis Homes and Taylor Wimpey, full year results from McCarthy & Stone, interims from Royal Mail, Vodafone and Premier Foods along with a batch of UK data
Barclays blights trio of property stocks, downgrading ratings for British Land, Hammerson, and NewRiver REIT
Barclays' analysts concluded: “We do not know how deep the rabbit hole goes but the retail asset market is experiencing asymmetric downside risk"
FTSE 100 closes sharply lower as sterling gains and miners weigh
The UK blue - chip index finished down 99.8 points at 7,318, while FTSE 250 was also lower
Investments and investor services
FTSE 100 closes lower again as traders flee from risk
The UK blue chip index was about 10 points lower at 7,373, above the session low of 7,357.09 but below the morning peak of 7,397.74