Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     

  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     

  • Bitcoin GBP

    50,395.18
    +3,071.55 (+6.49%)
     

  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
MONEY:

Best savings accounts that offer above inflation rates

Where to find a top-rated deal that works for you

STOCKS NEWS EUROPE-British Land boosted by bullish HSBC note

Reuters - UK Focus

Shares in British Land (LSE: BLND.L - news) rise 2 percent, among the top gainers on the FTSE 100, boosted by positive comments from HSBC in a report focused on UK commercial real estate.

"Europe's developed real estate markets are past their cyclical low point and now in various stages of recovery, led by a resurgent UK economy" HSBC says in a note.

"Investor (Other OTC: IVSBF - news) confidence is now improving and secondary property and regional markets will increasingly be considered investment grade. It's no longer just about London."

In the report in which the bank initiates on 10 UK real estate firms, HSBC names British Land its key "overweight", citing its exposure to central London combined with UK regional property with structurally higher yields.

ADVERTISEMENT

The bank also starts Hammerson (Other OTC: HMSNF - news) , Intu Properties (Other OTC: CCRGF - news) , Segro (Other OTC: SEGXF - news) , Derwent London (LSE: DLN.L - news) , and Great Portland Estates with "overweight" ratings.

Meanwhile, it starts Capital & Counties, Land Securities, Londonmetric Property and Shaftesbury (LSE: SHB.L - news) with "neutral" recommendations.

Reuters messaging rm://tricia.wright1.thomsonreuters.com@reuters.net