London-listed REITs slump as Liberum downgrades on Brexit risks
4th Jul 2016 12:36
(ShareCast News) - Liberum downgraded its ratings on British Land, Land Securities, Intu Properties and Hammerson as it pointed to greater occupier uncertainty in London City offices and retail following the UK's decision to leave the European Union. "Irrespective of economic stabilisers and low int
Read moreLondon midday: Financials pace gains as Footsie keeps climbing
20th Jun 2016 12:29
(ShareCast News) - Stocks in London were continuing to move higher come midday on Monday, alongside the largest gain the pound in three months, with investors taking their cue from strong gains in Asia as Brexit polls showed the Remain campaign was in the lead. As of 12:03 BST, the FTSE 100 was 183.
Read moreLondon open: Stocks surge after latest poll results
20th Jun 2016 08:48
(ShareCast News) - Stocks in London surged at the start of trading, alongside the largest gain the pound in three months, with investors taking their cue from strong gains in Asia as Brexit polls showed the Remain campaign was in the lead. As of 08:43 BST the FTSE 100 was 145.82 points or 2.42% high
Read moreHammerson sells Thurrock shopping park for £93m
20th Jun 2016 07:02
(ShareCast News) - Hammerson said it has exchanged contracts and completed the sale of Thurrock Shopping Park, Essex, to TH Real Estate for £93m. The sale price represents a net initial yield of 5.3% and is moderately below the book value as at 31 December 2015, Hammerson said. It purchased the prop
Read moreRespite for high street as retail footfall rallies in May, BRC-Springboard shows
13th Jun 2016 10:04
(ShareCast News) - A rise in UK retail footfall in May provided some rare good news for the embattled sector, as the best monthly high street performance for three years outweighed a decline for shopping centres. Total footfall last month was 0.3% higher than the same month last year, according to B
Read moreHammerson's long-term issuer default rating affirmed at 'BBB+'
3rd Jun 2016 18:46
(ShareCast News) - Commercial property company Hammerson's long-term issuer default rating (IDR) and short-term IDR have been affirmed at 'BBB+' and 'F2' respectively by Fitch Ratings. "Hammerson's prime portfolio of UK and French shopping centres continue to benefit from high occupancy ratios (arou
Read moreThursday broker round-up
19th May 2016 13:42
(ShareCast News) - Countryside Properties: JP Morgan reiterates overweight with a 280p target. SSP Group: Citigroup retains buy with a 340p target. Polymetal International: Jefferies keeps at underperform with a 520p target and UBS reiterates neutral with a target price of 675p and Deutsche Bank st
Read moreFTSE 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 more