FTSE 100 movers: Supermarkets hit by Credit Suisse note, property stocks lower
17th Jun 2015 13:35
UK stocks dipped on Wednesday, led by sector weakness in supermarkets and property, which overshadowed gains made by construction, telecommunications and mining stocks. As of 15:00 BST, the FTSE 100 was trading 0.26% lower at 6,693. Supermarket rivals Morrisons, Sainsbury's and Tesco fell after Cre
Read moreHammerson sells stake in Paris' shopping centre
11th Jun 2015 16:30
Real estate investment trust Hammerson has completed the sale of its stake in the Bercy 2 shopping centre in Paris to Tikehau Capital Partners for €64m (£47m). Located in the South East region of Paris, the 35,200 square meters centre, of which the FTSE 100 group owns 20,200 square meters, has 70 re
Read moreHammerson sells interest in French shopping centre for 64m euros
11th Jun 2015 15:11
Hammerson has exchanged contracts to sell its interest in the Bercy 2 shopping centre in Paris to Tikehau Capital Partners for €64m, which is more than the property's book value at the end of 2014. The shopping centre is located in the South East region of Paris and has 35,200 square metres of space
Read moreSector movers: Miners weigh on FTSE, real estate continues to rally
19th May 2015 17:27
Industrial metals and mining provided the biggest drag on the FTSE on Tuesday, with giants BHP Billiton and Rio Tinto registering some of the biggest losses. BHP Billiton, by the far the UK's biggest miner, extended Monday's decline, which was driven by the disappointing Australian debut of its spin
Read moreBullring owner Hammerson cuts cost of debt through new refinancing
22nd Apr 2015 08:04
Property group Hammerson has further cut the cost of its debt after inking a new £415m revolving credit facility (RCF) with a syndicate of nine banks at a lower interest rate. The retail-focused real estate company, which owns the Bullring and Brent Cross shopping centres, signed an unsecured RCF at
Read moreFTSE 100 movers: Astrazeneca soars on new diabetes research, RBS higher on upgrade
12th Mar 2015 14:00
AstraZeneca topped the risers as it committed $40m to backing phase 2a trials for a new diabetes drug - a form of long-acting insulin that only needs to be administered once week. Glaxosmithkline was boosted by news it plans to sell approximately half of its 12.4% stake in Aspen Pharmacare Holdings.
Read moreSector movers: Intu and British Land lead real estate stocks lower
18th Feb 2015 14:55
Real estate groups were among the worst performers in London on Wednesday with broker downgrades hitting shares of heavyweights Intu Properties and British Land. Shopping centre owner Intu fell 3% to 365.2p after analysts at Barclays lowered their rating on the stock from 'equal weight' to 'underwei
Read moreTuesday tips round-up: Hammerson, DX Group
17th Feb 2015 12:25
Shares in Hammerson have outperformed the market smartly over the last year, rising by 22%, with the bulk of those gains having materialised this year. Investor interest in the retail property sector boosted its net asset value by just over a tenth last year. The stock is now at a 7% premium to book
Read moreLondon midday: Stocks trim gains ahead of early finish on NYE
31st Dec 2014 11:25
UK stocks had pared gains by midday but were still trading marginally in positive territory heading into the close on a shortened New Year's Eve session. The FTSE 100 was up 0.05% at 6,551 by noon on the last trading day of the year, but looks set to finish December down 2.6% - its worst December in
Read moreFTSE 100 movers: Broker comment provides drag
17th Nov 2014 15:57
Standard Chartered dropped into the red after Canaccord Genuity reiterated its 'sell' rating and lowered its target price to 850p from 1,000p. Tesco declined after Goldman Sachs stuck with its 'sell' rating on the stock and shrunk its target price cut to 155p from 250p. Credit Suisse and JP Morgan
Read moreHammerson joint venture buys three European centres
17th Nov 2014 07:59
Shopping centre developer Hammerson and its partners in a European joint venture have bought three more properties. Hammerson said its Via Outlets venture, which also includes APG, Meyer Bergman and Value Retail, acquired the Freeport portfolio of outlets from private equity group Carlyle. The grou
Read moreLondon midday: Vodafone leads UK markets higher, but resource stocks weigh
11th Nov 2014 11:34
Strong gains from Vodafone and a string of property companies pushed UK shares into positive territory on Tuesday, though weakness in the resource sectors was limiting upside as the stock market fluctuated at a six-week high. The FTSE 100 was up just 0.1% at 6,618 by midday, having pulled back sligh
Read moreLondon open: UK stocks at six-week high as Vodafone gains
11th Nov 2014 08:38
London's stock market was trading at levels not seen since late September on Tuesday as decent gains from Vodafone and a host of real-estate groups outweighed weakness in the mining sector. The FTSE 100 was 0.3% higher at 6,633 in early deals. Nevertheless, gains were only modest early on after the
Read moreLondon pre-open: FTSE to glide higher after Chinese data, CBI report
10th Nov 2014 07:43
UK stocks are expected to kick off the week with modest gains as investors digest the latest data out from China over the weekend alongside an upbeat forecast for the British economy from CBI. City sources predict the FTSE 100 will open around 15 points higher than Friday's close of 6,567.24. Data
Read moreHammerson says UK retail strength offsets 'subdued' France
10th Nov 2014 06:41
Shopping centre owner Hammerson has said that conditions in the UK retail market have improved since the half-year stage but are still subdued in France. Successful 'Back to School' performances by retailers and strong growth in menswear, catering and jewellery pushed sales across UK shopping centre
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