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Stock Market & Financial Investment News

News Breaks
November 19, 2012
14:47 EDTBGCP, BGCPBGC Partners mentioned cautiously at CLSA
CLSA said BGC Partner's adjusted operating cash flow is not enough to cover capital expenditures and dividends. The firm reiterates its Sell rating and lowers its price target to $3.15 from $3.50.
News For BGCP From The Last 14 Days
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May 18, 2015
08:45 EDTBGCPBGC Partners to acquire Excess Space Retail Services
BGC Partners announced that it has entered into an agreement to acquire Excess Space Retail Services, a provider of real estate disposition, lease restructuring and lease renewal services, as well as related valuations for retailers nationwide and currently advises on 35.6 million square feet of retail space in North America. Since its establishment, Excess Space has generated an estimated $4B in cost savings for clients. Upon close, the acquisition is expected to complement and drive future growth opportunities within Newmark Grubb Knight Frank Global Corporate Services. Financial details of the transaction were not disclosed.

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