Exane 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
Read moreHammerson sells Monument Mall in Newcastle
21st Dec 2015 07:06
(ShareCast News) - Hammerson has agreed to sell Newcastle-upon-Tyne's Monument Mall to the Standard Life Investments UK Property Fund for £75m. It's one of two sales the FTSE 100 company announced on Monday, with the disposal of a small land interest in Kingston-upon-Thames to St George for £12m. I
Read moreFTSE 100 movers: Reports Rolls-Royce reps to meet major shareholder
7th Dec 2015 14:09
(ShareCast News) - The FTSE 100 started the week in the green, up 14.06 points (0.23%) to 6,252.35 by mid-afternoon Monday. Rolls-Royce Holdings led the charge after a report from Sky News that senior representatives of American fund ValueAct will meet the president of Rolls-Royce's aerospace divisi
Read moreDeutsche Bank re-evaluates real estate sector
7th Dec 2015 11:29
(ShareCast News) - Deutsche Bank has upgraded Land Securities from 'hold' to 'buy' and downgraded British Land Company from 'buy' to 'hold' as it re-evaluates the UK real estate sector. The investment bank said in its industry update on Monday that the sector is close to high cycle conditions. "We
Read moreFTSE 100 movers: Banks lead the charge after stress test results
1st Dec 2015 14:15
(ShareCast News) - The FTSE 100 was in the black on Tuesday, sitting at 6,379.33, up 23.24 points (0.37%) by mid-afternoon. The biggest risers came from the banking sector after all seven of Britain's largest banks passed stress tests by the Bank of England, with Governor Mark Carney assuring that n
Read moreHammerson announces successful launch of GBP350m bond
21st Oct 2015 07:51
(ShareCast News) - Property development and investment company Hammerson has successfully launched and priced a ten-year, £350m bond maturing in 2015. The bond was priced at 173 basis points over the reference gilt and has an annual coupon of 3.5%. Hammerson said the issue was more than two times o
Read moreFriday broker round-up
9th Oct 2015 16:28
(ShareCast News) - Ferrexpo: UBS upgrades to neutral, cuts target price to 36.00p. Carillion: Investec Securities downgrades to hold. Target price: 300.00p. Weir Group: RBC Capital Markets downgrades to underperform, bumps down target price to 50.00p. United Utilities Group: Credit Suisse upgrades
Read moreThursday broker round-up
8th Oct 2015 17:33
(ShareCast News) - Tullow Oil: JP Morgan Cazenove upgrades to overweight, cuts target price to 310.00p. Soco International: UBS downgrades to sell, keeps target price at 150.00p. Synthomer: Berenberg Bank starts new coverage with a buy, sets target price at 400.00p. Weir Group: Investec Securities
Read moreHammerson joint venture buys Dublin loan portfolio
29th Sep 2015 07:10
(ShareCast News) - Property development and investment company Hammerson and its joint venture partner Allianz Real Estate have signed an agreement with Ireland's National Asset Management Agency to acquire the Project Jewel portfolio of loans secured against retail assets in Dublin for €1.85bn or £
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