FTSE 100 movers: Property drags on buoyant mining
11th May 2016 13:32
(ShareCast News) - The FTSE was underwater but working it was back to dry land late on Wednesday, as the index's raft of heavyweight miners were buoyed by commodity prices. With an hour's trading left in the day, the blue chip index was down 0.1% at 6,150, with property developers causing the bulk o
Read moreLondon pre-open: Footsie set for lower start despite yen weakness, oil price gains
22nd Apr 2016 07:22
(ShareCast News) - Stocks are expected to start the session lower amid a sharp drop in the value of the yen and another move higher in crude oil futures. The Footsie is being called to start the session down by about 32 points from Friday's closing level of 6,381.44. Keeping a lid on sentiment amon
Read moreHammerson signs new £420m credit facility
22nd Apr 2016 07:05
(ShareCast News) - Property development and investment company Hammerson shored up its finances on Friday, successfully syndicating and signing a £420m unsecured revolving credit facility with eight international banks, at an initial margin of 90 basis points. Following the signing of the revolving
Read moreThursday broker round-up
31st Mar 2016 13:40
(ShareCast News) - Royal Mail: Jefferies reiterates underperform with a target price of 400p. Hilton Food Group: Numis reiterates buy, 630p target, Panmure Gordon stays at buy with a target price of 625p and Shore keeps at buy. Michael Page: Goldman Sachs maintains buy with a target price of 620p.
Read moreBroker tips: TUI, Countryside Properties, Hammerson
31st Mar 2016 10:45
(ShareCast News) - TUI AG's 'buy' rating and target price of €22.60 (£17.85) were left unchanged by Nomura after the company said summer holidays were higher than last year. The group said it is was on track to meet its target of growing core earnings by at least 10% this year as it reported a 2% in
Read moreCredit Suisse initiates coverage of Hammerson, Intu Properties
31st Mar 2016 10:24
(ShareCast News) - Credit Suisse started Hammerson at 'outperform' with a 630p price target and Intu Properties at 'underperform' with a 300p price target as it initiated coverage of the European retail REIT sector. The bank said Hammerson was its preferred retail REIT in the UK due to its higher qu
Read moreThursday broker round-up
18th Feb 2016 19:08
(ShareCast News) - Hammerson: Exane BNP Paribas downgrades to neutral, 620p target. Go-Ahead Group: Shore Capital upgrades to buy. Auto Trader: JP Morgan reiterates to overweight with a 420p target and Deutsche Bank maintains hold, 375p target. Glencore: Citigroup keeps at buy with a 140p target.
Read moreBroker tips: Glencore, Rolls-Royce, Hammerson
18th Feb 2016 13:59
(ShareCast News) - Glencore's shares declined on Thursday after Citi cut its target price to £1.40 from £1.50, reflecting lower commodity price forecasts. Citi said its estimates for 2016 earnings before interest, tax, depreciation and amortisation falls by 5.1% to $7.8bn (£5.35bn). Glencore is exp
Read moreExane downgrades Hammerson on balance sheet constraints
18th Feb 2016 08:52
(ShareCast News) - Exane BNP Paribas downgraded Hammerson to 'neutral' from 'outperform' and cut the price target 9% to 260p, saying balance sheet constraints will cap future earnings growth. It noted the company has delivered the leading funds from operations/share growth amongst its peers since be
Read moreTuesday broker round-up
16th Feb 2016 17:53
(ShareCast News) - Mattioli Woods: Canaccord upgrades to buy,640p target and N+1 Singer upgrades to buy with a target of 630p. Connect Group: Shore Capital upgrades to buy. Servelec: invetec reiterates buy with a target of 400p and N+1 Singer keeps at buy, 360p target. Acacia Mining: JP Morgan sta
Read moreHammerson full year profits up on strong UK demand
15th Feb 2016 07:25
(ShareCast News) - Retail property heavyweight Hammerson said full year pre-tax profits rose to £731.6m from £703.1m as UK consumer confidence improved. Net rental income was up to £318.6m from £305.6m while the company's net property portfolio valuation grew to £8.4bn from £7.7bn. Gross rental inc
Read moreHammerson enters joint venture over Grand Central ownership
12th Feb 2016 07:11
(ShareCast News) - Hammerson has entered into a joint venture with Canadian Pension Plan Investment Board over the ownership of the newly acquired Grand Central shopping centre. The FTSE 100 property development and investment company announced the 50:50 joint venture on Friday, also announcing the
Read moreHammerson to buy Birmingham's Grand Central for £335m
22nd Jan 2016 07:21
(ShareCast News) - Hammerson said it has exchanged contracts with Birmingham City Council to acquire the new Grand Central shopping centre in Birmingham for £335m. It added that it is in advanced discussions with an existing joint venture partner on other assets about entering into a 50-50 joint ven
Read moreLondon pre-open: Footsie to start day a tad higher but all eyes still on China
8th Jan 2016 07:19
(ShareCast News) - The UK's top flight index was being called to start the day higher by one point after Chinese state-controlled funds waded into the fray, purchasing equities, especially financial issues and those with large weightings in the indices. That saw the Shanghai Composite Index finish t
Read moreHammerson sells south Paris retail park for £116m, more disposals to come
8th Jan 2016 07:16
(ShareCast News) - Hammerson has signed a deal to sell the Villebon 2 retail park to a consortium of leading French institutional investors for €159m (£116m). The retail park, which was acquired in 2005 and fully owned by Hammerson, is in Villebon-sur-Yvette in the south of Paris and sold for more t
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