London open: FTSE 100 resilient in face of weak China, Eurozone PMIs
24th Jul 2015 09:19
(ShareCast News) - Investors braved weaker than expected readings on Chinese and Eurozone manufacturing and lingering worries regarding Greece, allowing the top flight index to recover after dipping at the start of trading. As of 09:05 the Footsie was 7.34 points higher to end at 6,665.30. Stocks r
Read moreLondon pre-open: Weak Chinese data and US earnings set to weigh
24th Jul 2015 08:26
(ShareCast News) - Some follow-through selling in the commodities space on the back of weak Chinese manufacturing sector figures and a lower overnight on Wall Street - after poor earnings reports from the likes of Caterpillar, Freeport-McMoran and Dow Chemical - were expected to weigh on share price
Read moreHammerson returns up for first half, profit dips
24th Jul 2015 08:14
(ShareCast News) - Mall owner Hammerson said returns on its property investments were up 5.7% for the first half of the year, 1% higher than estimated. The retail property investor said returns for the six months ended 30 June 2015 were up due to strong returns premium outlets and developments. Ham
Read moreLondon midday: Stocks hold near highs as traders monitor Greek situation
10th Jul 2015 11:44
(ShareCast News) - Stocks were holding near their best levels of the day as traders waited for the Greek parliament to vote on their Prime Minister's bailout proposal and monitored the news flow to see if Germany would allow debt-relief. There was uncertainty early on Friday over how European leader
Read moreLondon open: Stocks track gains in Europe, China
10th Jul 2015 08:50
The relief rally in British stocks gathered pace after Greece made concessions to its creditors overnight in exchange for a £38.56bn (€53.5bn) rescue programme, although some analysts and government officials were cautious. As of 08:55 the Footsie was up by 51.89 points to 6,633.59. The second tier
Read moreHammerson sells French shopping centre for €63.2m
10th Jul 2015 07:07
Hammerson has agreed to sell its interest in the Grand Maine shopping centre situated to the south west of Angers in France to a French institutional investor for €63.2m. Grand Maine comprises 8,600 square metres of retail space with 57 units over two levels and is adjacent to a large Carrefour supe
Read moreLondon close: Stocks fall as traders take profits ahead of Greek referendum
3rd Jul 2015 16:31
UK stocks finished firmly lower on Friday as investors showed their nerves ahead of a pivotal weekend for Greece as the public votes on creditors' bailout proposals. With the result of the referendum apparently too close to call and reports claiming that Greek banks were beginning to run out of mone
Read moreFTSE 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 more