Interserve keeping up with expectations November 13, 2013 Support services and construction group Interserve yesterday said that performance continues in line with expectations and that it has won more than £1.8bn of new work so far in 2013. The FTSE 250-listed firm saw strong growth in UK support services and equipment services and resilient performances in its construction units, which it said offset [...]
Glencore starts trading in Johannesburg November 13, 2013 Miner Trader Glencore Xstrata’s shares will start trading on the Johannesburg stock exchange from today, which its chief executive called “a significant step for Glencore”. This is a secondary listing for the firm, which already trades on the London Stock exchange. “It not only deepens our relationship with South Africa, it highlights our confidence in [...]
Drax says 2013 earnings will beat forecasts November 13, 2013 Drax, the owner of Britain’s largest coal-fired power station, yesterday said trading since publishing its half-year results in July has continued to be good, so it expects its full-year earnings and earnings per share to be materially ahead of market forecasts. The FTSE 250-listed firm said it has benefitted from solid operating performance from its [...]
Centaur Media continues its digital push November 13, 2013 Centaur Media saw revenues increase six per cent in the four months to the end of October due to the impact of new event launches and growth in digital content. Centaur now has 71 per cent of its revenue coming from digital and events, while a falling 28 per cent still comes from print. Westhouse [...]
British Land is upbeat after it outpaces rival November 13, 2013 BRITISH Land outshone its biggest rival Land Securities yesterday after the property giant reported a strong rise in rents and values across both its office and retail empire. The owner of the Cheesegrater skyscraper in the City said its net asset value (NAV) per share – a key industry measure of performance – rose 4.5 [...]
Analyst Views: How is British Land performing compared with its peers? November 13, 2013 MICHAEL BURT | LIBERUM CAPITAL“The interims are what we had hoped for. The 4.5 per cent first half net asset value (NAV) growth is around one per cent ahead of our forecast and also represents meaningful outperformance of Land Securities in both retail and offices…We remain buyers. MIKE PREW | JEFFERIES“The net asset value beat [...]
Barratt bullish after sales rise November 13, 2013 BARRATT Developments said yesterday it expects to deliver “substantial improvements” in its full-year performance, as the sector continues to benefit from government efforts to free up mortgage lending. The housebuilder reported a 31.5 per cent rise in the number of private reservations per site at 0.71 per week in the 19 weeks to 10 November. [...]
Derwent buys £39m tech site November 13, 2013 DERWENT London said yesterday it has splashed out £39m on an office building in Clerkwenwell as the developer reported record lettings. Derwent said 19 Charterhouse Street sits in London’s “tech belt” from Whitechapel to Kings Cross, which is benefitting from the burgeoning technology sector. In a trading statement, the group said it had achieved record [...]
Spain dips into deflation as EU industry slows November 13, 2013 THE SPANISH economy officially entered a state of deflation in October, with the country’s consumer price index falling into negative figures, according to official figures. Fulfilling recent fears of falling prices in Europe, and despite an official end to the country’s two-year recession at the end of October, the consumer price index (CPI) fell by [...]
London’s Westfield shopping malls see annual sales of £1.9bn November 13, 2013 THE TWO London Westfield shopping centres have seen “solid performances” for the year, their Australian owner said yesterday. Sales at Westfield London by Shepherd’s Bush and Stratford City were up 1.9 per cent and 7.3 per cent respectively in the 12 months to September, compared to the previous year, global shopping centre giant Westfield Group [...]
