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Wednesday preview: ECB, Great Portland Estates in the spotlight

Tue, 10th Nov 2020 15:10

(Sharecast News) - Financial markets' focus in the middle of the week will be on the start of the European Central Bank Forum, with investors keen to hear the latest views from monetary authority's top officials on current economic conditions, although forecasts appear to be in a state of flux following the latest Covid-19 vaccine news.






Stateside it may be a quiet day, with some traders away from their desks in observance of Veterans Day.

No major economic releases are scheduled in the UK.

For Great Portland Estates's half year, UBS's Osmaan Malik had penciled-in a 6% drop in net asset value to 820p (consensus: 834p) on account of lower revaluations across its portfolio.

Earnings per share meanwhile were pegged at down by 31% year-on-year at 7.3p (consensus: 7.8p) on the back of lower rent collections.

Hence, the analyst said that he would be watching closely for any updates on rent collections and as regards the leasing/investment market, with a particular focus on any signs of slippage in incentives and rental levels.

"The investment market has held up remarkably well so far and we look for commentary," he said.

"We will also look for discussion over appetite to commit to further projects on its substantial development pipeline, which has largely been on hold, and the current uncertainty main further delay starts."

Wednesday 11 November

INTERIMS

Braemar Shipping Services, Great Eastern Energy Corp Ltd. GDR, Great Portland Estates, Renold

INTERIM DIVIDEND PAYMENT DATE

Plus500 Ltd (DI)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

MBA Mortgage Applications (US) (12:00)

GMS

ITM Power

FINALS

Beximco Pharmaceuticals Ltd. GDR

AGMS

Hays, InnovaDerma, Rank Group, Strategic Equity Capital, Supermarket Income Reit, Thinksmart Limited (DI)

TRADING ANNOUNCEMENTS

Flutter Entertainment, Taylor Wimpey, Wetherspoon (J.D.)
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UK BROKER RATINGS SUMMARY: JPMorgan Lowers NatWest To Neutral

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Great Portland Lets Hickman Office Space To Four Communications

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UK BROKER RATINGS SUMMARY: Goldman Sachs And BofA Both Lift IAG To Buy

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TOP NEWS: Great Portland Keeps Dividend But Notes Floundering Market

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LONDON BRIEFING: Great Portland Expects London Property Values To Fall

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11 Nov 2020 07:55

UPDATE 2-Great Portland's retail portfolio valuation plunges on pandemic hit

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11 Nov 2020 07:40

Great Portland swings to loss as retail values slump

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Great Portland Estates Says Retail And Hospitality Rent Collection Low

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UK BROKER RATINGS SUMMARY: National Express Made "ESG Top Pick"

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Great Portland Estates says 73% of September rent collected

(Sharecast News) - Great Portland Estates said on Monday that 73% of its September rent has been collected despite the pandemic but that the outlook remains uncertain due to the impact of the Covid-19 crisis.

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Morgan Stanley asks whether office stocks are 'overly discounted'

(Sharecast News) - Analysts at Morgan Stanley sounded a positive note on European office stocks, pointing out various price signals that appeared to point to the group now being overly discounted.

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