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MerlinProperties


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Exane ups Rovi to 'outperform', updates mid-cap top picks

BUZZ-Exane ups Rovi to 'outperform', updates mid-cap top picks ** Exane BNP Paribas upgrades Spanish pharma group Rovi ROVI.MC to "outperform" from "neutral" and updates its mid-cap top picks, with Colonial COL.MC making the list while Merlin Properties MRL.MC dropping out ** The broker says it is more optimistic on Rovi than the market even after the warning on the company's dependence on Moderna ** At the current share price of 74.4 euros, Exane still sees upside potential of more than 20%, ev
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Exane BNP Paribas prefers Colonial over Merlin within Spanish property

BUZZ-Exane BNP Paribas prefers Colonial over Merlin within Spanish property ** Exane BNP Paribas upgrades Colonial COL.MC to "outperform" from "neutral" on its new development pipeline and names it its top pick within Spanish property ** The brokerage factors in Colonial's new development plans, expecting rental creation of about 71 million euros a
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'The downward cycle is over' - Bernstein sees recovery in European real estate

BUZZ-'The downward cycle is over' - Bernstein sees recovery in European real estate ** European property sector bottomed out and is set to recover, supported by lower rate environment, Bernstein says ** Positive rental growth in good quality assets is expected to support an increase in valuations and core profit, benefiting shareholders returns, th
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Why US bonds could fall despite looming Fed cuts

LIVE MARKETS-Why US bonds could fall despite looming Fed cuts Dow, S&P 500 off; Nasdaq up slightly Healthcare leads S&P decliners; cons disc biggest gainer STOXX 600 down ~0.5% Dollar, crude, bitcoin down; gold up U.S. 10-yr Treasury yield down at ~3.74% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com WHY US BONDS COULD FALL DESPITE LOOMING FED CUTS Conventional wisdom suggests t
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Is the tide turning for European real estate?

LIVE MARKETS-Is the tide turning for European real estate? All 3 major U.S. stock indexes red; Dow off most Healthcare leads S&P decliners; cons disc biggest gainer STOXX 600 down ~0.4% Dollar ~flat; crude, gold up; bitcoin down U.S. 10-yr Treasury yield at ~3.76% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters.
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Carnival, Kingfisher, Unite Group

EUROPE RESEARCH ROUNDUP-Carnival, Kingfisher, Unite Group Sept 2 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Carnival, Kingfisher and Unite Group on Monday. HIGHLIGHTS * Believe SA BLV.PA : Citigroup resumes coverage with neutral rating; PT EUR 15 * Carnival CCL.L : HSBC raises target price to 960p from 895p * Derwent London DLN.L : Morgan Stanley raises target price to 3000p from 2750p * Kingfisher Plc KGF.L : Barclays cuts to
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Spain's Colonial turns to profit, cautious on European real estate

UPDATE 1-Spain's Colonial turns to profit, cautious on European real estate Adds quote from CEO, guidance, shares year-to-date and context By Matteo Allievi and Javi West Larrañaga July 30 (Reuters) - Spanish real estate group Inmobiliaria Colonial COL.MC turned to profit in the first half of 2024 as the value of its assets started rising again, but it remains cautious on the short-term outlook while interest rates remain high, it said on Tuesday.
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Top of the Street: Nestle, Anglo American, Bureau Veritas

BUZZ-Top of the Street: Nestle, Anglo American, Bureau Veritas A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Deutsche Bank downgrades Nestle NESN.S to "hold" from "buy", saying the world's biggest packaged food company went "a cut too far" as it trimmed its sales growth outlook on Thursday ** UBS raises British miner Anglo American AAL.L to "buy" from "neutral" as it sees better risk/reward ratio after the stock fell enough following BHP's BHP.AX offer
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Merlin Properties ABB Priced At EUR 9.80 Per Share, Bookrunner Says

BRIEF-Merlin Properties ABB Priced At EUR 9.80 Per Share, Bookrunner Says July 24 (Reuters) - BLOCKTRADE-MERLIN PROPERTIES ABB - PRICED AT EUR 9.80 PER SHARE, BOOKRUNNER SAYS Source text for Eikon: [ID:] Further company coverage: MRL.MC
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Spanish stocks - Factors to watch on July 24

Spanish stocks - Factors to watch on July 24 July 24 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: IBERDROLA IBE.MC Iberdrola said on Wednesday it will pay a gross supplementary dividend of 707.4 million euros ($767.32 million) on July 29. nFWN3JF2DP BANCO SANTANDER SAN.MC Spain's Santander on Wednesday said its second-quarter net profit rose 20% ye
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Merlin Informs On Pricing Of Accelerated Placement Of New Shares

BRIEF-Merlin Informs On Pricing Of Accelerated Placement Of New Shares July 24 (Reuters) - Merlin Properties MRL.MC : SAID ON WEDNESDAY IT HAD SET FINAL TERMS AND CONDITIONS OF SHARE CAPITAL INCREASE NUMBER OF NEW SHARES TO BE ISSUED: 94.0 MLN NEWLY ISSUED SHARES NOMINAL AMOUNT OF CAPITAL INCREASE: 94.0 MLN EUROS EFFECTIVE AMOUNT OF CAPITAL INCREAS
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Merlin Properties To Carry Out Capital Increase Of Up To 94 Mln Shares

BRIEF-Merlin Properties To Carry Out Capital Increase Of Up To 94 Mln Shares July 23 (Reuters) - MERLIN Properties SOCIMI SA MRL.MC : ANNOUNCES CAPITAL INCREASE CAPITAL INCREASE WILL BE CARRIED OUT THROUGH AN ACCELERATED BOOKBUILD OFFER EXCLUSIVELY TO QUALIFIED INVESTORS APPROVES TO CARRY OUT SHARE CAPITAL INCREASE OF UP TO 94.0 MLN NEW ORDINARY SH
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Spain's Merlin turns to profit as business shifts to warehouses from malls

Spain's Merlin turns to profit as business shifts to warehouses from malls By Matteo Allievi July 22 (Reuters) - Spain's real estate group Merlin Properties MRL.MC returned to profit in the first half of the year as interest rates plateaued and it continued to shift its business to warehouses and data centre from malls amid a surge in e-commerce. "Logistics - which currently accounts for less than one fifth of Merlin's rents - will little by little compete with shopping centres for becoming the
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Spanish stocks - Factors to watch on July 22

Spanish stocks - Factors to watch on July 22 July 22 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: GRIFOLS GRLS.MC The Spanish drugmaker said on Friday it had appointed Morgan Stanley and Goldman Sachs as financial advisors for potential Brookfield's takeover bid.
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Merlin Properties H1 Net Result Turns To Profit Of 132.8 Mln Euros

REFILE-BRIEF-Merlin Properties H1 Net Result Turns To Profit Of 132.8 Mln Euros Corrects typographical error in the headline, adds link to correct source text July 22 (Reuters) - Merlin Properties MRL.MC : SAID ON FRIDAY H1 GROSS RENTS 248.2 MILLION EUROS VERSUS 237.8 MILLION EUROS YEAR AGO H1 IFRS NET PROFIT 132.8 MILLION EUROS VERSUS LOSS OF 47.5
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Merlin Properties shares fall on reports of potential capital increase

BUZZ-Merlin Properties shares fall on reports of potential capital increase ** Merlin Properties MRL.MC shares fall almost 3% after Spanish newspaper El Confidencial reported that the board of director's group is meeting at the end of this week to likely launch a capital increase of 1.0 billion euros ($1.09 billion) to invest in the construction of
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TAG Immobilien tops STOXX Real Estate index after DB upgrade

BUZZ-TAG Immobilien tops STOXX Real Estate index after DB upgrade ** Shares in TAG Immobilien TEGG.DE rise as much as 6.2%, topping pan-European STOXX 600 Real Estate sub-index .SX86P , after Deutsche Bank upgrades the German group to "buy" from "hold" ** DB analyst Thomas Rothaeusler says sentiment in the European real estate sector has "clearly i
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