Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  The British Land Company PLC    BLND   GB0001367019

THE BRITISH LAND COMPANY PLC

(BLND)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

British investors bump up euro zone stock bets

01/31/2014 | 11:14am EST

LONDON (Reuters) - British investors boosted their euro zone equity holdings in January to a 1-1/2-year high while slashing North American bond holdings, as they bet the economic recovery would favour riskier assets, a Reuters poll shows.

A monthly poll of 12 UK-based investment managers released on Friday showed investment in euro zone stocks at 15.8 percent of global equity portfolios, the highest level since June 2012.

The average allocation to stocks across all regions was 55.1 percent, up from 53.9 percent in December and the highest since at least April 2012.

But investors warned that after the last unimpressive earnings season, equities would struggle to rise further until company profits show signs of improvement.

"Equity market fundamentals continue to improve but the concern now is that valuation levels are beginning to look stretched," said Robert Pemberton, investment director at HFM Columbus, a wealth management group.

The Reuters poll, conducted between Jan 20-28, showed holdings in emerging Asia cut to 10.7 percent, their lowest since April.

Overall investment in bonds was flat at 24.2 percent while holdings in alternatives edged down to 10.1 percent from 10.4 percent. Property investment fell to 3 percent from 4 percent a month earlier.

The U.S. Federal Reserve's trimming of its massive economic stimulus programme and concern about a slowdown in Chinese growth have triggered a widespread shift from emerging to developed markets that has accelerated this year.

Early 2014 has seen stock markets gain across the euro zone's periphery - Ireland, Italy, Spain, Portugal and Greece - as those countries begin to recover from the debt crisis.

Portugal's benchmark equity index <.PSI20> is up 3 percent this year, while other peripheral markets <.ISEQ> <.IBEX> have also risen while German and French stocks fell <.GDAXI> <.FCHI>.

Investment in emerging European equities rose to 1.8 percent in January, the poll showed. While relatively small, that is still the highest level since at least April 2012.

Euro zone bond holdings dipped slightly but were still at their second-highest level since at least April 2012. U.S. and Canadian bond holdings were 28.3 percent, having slumped from 35.2 percent this time last year.

All respondents said they were most overweight on corporate bonds in their debt holdings.

"From a valuation perspective, high-yield spreads in themselves look attractive, but yields as a percentage of Treasuries look even more compelling," said Matthew Farrell, investment specialist at London & Capital.

(Editing by Catherine Evans)

By Jemima Kelly


© Reuters 2014
Stocks mentioned in the article
ChangeLast1st jan.
IBEX 35 -0.89% 8119.6 Delayed Quote.-14.23%
LETS HOLDINGS GROUP CO., LTD. 1.30% 9.36 End-of-day quote.54.97%
PSI 20 INDEX -0.47% 4628.82 Real-time Quote.-10.78%
RISE, INC. 4.17% 25 End-of-day quote.-16.67%
SHIFT, INC. 3.39% 15270 End-of-day quote.91.35%
THE BRITISH LAND COMPANY PLC 0.83% 473.3 Delayed Quote.-26.41%
All news about THE BRITISH LAND COMPANY PLC
11/29BRITISH LAND : achieves 5 star GRESB ratings
PU
11/20FTSE 100 posts third consecutive week of gains on vaccine hopes, Brexit optim..
RE
11/18British Land delivers dividend as COVID-19, Brexit weigh
RE
11/18BRITISH LAND : agrees sale of Clarges, Mayfair to Deka for £177m
PU
11/18BRITISH LAND : Half Year Results 2020/21
PU
11/18THE BRITISH LAND COMPANY PLC : Press Release
CO
11/18THE BRITISH LAND COMPANY PLC : Half-year results
CO
11/13THE BRITISH LAND COMPANY PLC : half-yearly earnings release
11/10BRITISH LAND : Half Year Results 2021 - Event details
PU
11/02BRITISH LAND : starts work on new park at Broadgate, London
PU
More news
Financials
Sales 2021 474 M 632 M 632 M
Net income 2021 -945 M -1 261 M -1 261 M
Net Debt 2021 3 168 M 4 228 M 4 228 M
P/E ratio 2021 -4,63x
Yield 2021 3,52%
Capitalization 4 356 M 5 807 M 5 814 M
EV / Sales 2021 15,9x
EV / Sales 2022 15,7x
Nbr of Employees 528
Free-Float 98,2%
Chart THE BRITISH LAND COMPANY PLC
Duration : Period :
The British Land Company PLC Technical Analysis Chart | BLND | GB0001367019 | MarketScreener
Technical analysis trends THE BRITISH LAND COMPANY PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 424,68 GBX
Last Close Price 470,10 GBX
Spread / Highest target 17,0%
Spread / Average Target -9,66%
Spread / Lowest Target -39,4%
EPS Revisions
Managers
NameTitle
Christopher Grigg Chief Executive Officer & Executive Director
Tim Score Chairman
Joff Sharpe Head-Operations
Simon Carter Chief Financial Officer & Director
Sally Jones Head-Strategy, Digital & Technology
Sector and Competitors
1st jan.Capitalization (M$)
THE BRITISH LAND COMPANY PLC-26.41%5 807
SEGRO PLC0.47%14 313
STORE CAPITAL CORPORATION-10.50%8 731
COVIVIO-28.85%8 109
COUSINS PROPERTIES INCORPORATED-16.75%5 096
MERLIN PROPERTIES SOCIMI, S.A.-37.96%4 410