MARKET TALK: Hammerson Results In--Line - KBC Peel Hunt

2nd Aug 2010 08:35

0735 GMT [Dow Jones] Hammerson's (HMSO.LN) results are in line with expectations, says KBC Peel Hunt. Hammerson has been one of the most active recyclers of capital amongst its peer group in the last 18 months, making over GBP700M of disposals, while acquisitions have totaled about GBP100M,says KBC Peel. It notes the company is bullish on the City office market, based on market expectations of a sustained recovery in rental levels over coming years. Buy recommendation. Shares +4.2% at 404.7p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires August 02, 2010 03:35 ET (07:35 GMT)