Hammerson raises funds through private placement
29th Nov 2013 07:01
Hammerson, the property development and investment company, has raised funds to repay existing debt and refinance upcoming bond maturities through the placement of seven-, 10- and 12-year notes. The group raised a total of $443m, which will fund in two tranches. By final drawdown in June 2014, t
Read moreHammerson receives approval for redevelopment of Croydon town centre
26th Nov 2013 07:08
Approval has been received for the redevelopment of the Whitgift Centre in Croydon, Hammerson has announced. The FTSE 100 group described it as a "significant step forward" in its and Westfield's plans to regenerate the London borough's retail town centre. The £1bn scheme has been established to
Read moreLondon pre-open: FTSE to extend Friday's gains
11th Nov 2013 07:30
City sources predict the FTSE 100 will open around 28 points higher than Friday's close of 6,708.42, extending gains seen at the end of last week's session. US markets delivered a strong performance on Friday despite a better-than-expected jobs report increasing speculation surrounding the taperin
Read moreOccupancy above target at Hammerson in third quarter
11th Nov 2013 07:02
- Occupancy remains above target at 97.1 per cent - 'Ongoing signs of recovery', particularly in UK - Footfall down in UK and France Retail property group Hammerson said it is on course to hit earnings guidance after seeing 'ongoing signs of recovery' in the third quarter. The firm, which owns 20
Read moreTuesday broker round-up
3rd Sep 2013 11:13
ASOS: Exane increases target price from 5000p to 6000p and keeps an outperform rating. Associated British Foods: Exane upgrades to outperform with a target price of 2400p. Balfour Beatty: Berenberg ups target price from 270p to 300p and retains its buy recommendation. Barclays: Berenberg takes ta
Read moreLondon open: Markets edge higher early on
3rd Sep 2013 08:31
Markets opened with small gains on Tuesday morning with stocks pausing for breath after a strong rise the day before. Stocks surged on Monday as traders took advantage of low volumes - with Wall Street closed for Labour Day - to push the London index up 1.5%. Better-than-expected manufacturing da
Read moreMonday broker round-up UPDATE
2nd Sep 2013 08:57
Berkeley Group: Panmure Gordon raises target price from 2046p to 2150p and reiterates a hold recommendation. Betfair: Panmure Gordon increases target price from 1000p to 1317p and maintains a buy recommendation. BHP Billiton: WH Ireland downgrades to neutral. British Land: Exane ups target price
Read moreWednesday broker round-up
28th Aug 2013 08:09
African Barrick Gold: Nomura takes target price from 155p to 250p and reiterates its buy recommendation. Antofagasta: Deutsche Bank cuts target price from 1050p to 1035p and retains a hold recommendation. JP Morgan reduces target price from 1005p to 975p, while its neutral rating remains unchanged.
Read moreLondon close: Taper concerns hit stocks ahead of Fed minutes
21st Aug 2013 16:50
London's benchmark index dropped one per cent on Wednesday as investors trimmed positions and took cover ahead of the risk event of the week, the minutes of the Federal Open Market Committee (FOMC) meeting due out later this evening. The FTSE 100 ended 62.62 points lower on the day at 6,390.84, a f
Read moreFTSE 100 movers: IHG leads fallers after going ex-div
21st Aug 2013 13:43
Holiday Inn and Crowne Plaza owner InterContinental Hotels Group was a heavy faller on Wednesday, dropping over six per cent after going ex-dividend, meaning that new investors won't be able to get their hands on the company's latest dividend payment. A number of other heavyweight stocks also went
Read moreLondon midday: Ex-div stocks drag FTSE 100 to six-week low
21st Aug 2013 11:33
Markets were sharply lower on Wednesday morning as risk appetite was scaled back ahead of this evening's release of the minutes of the latest Federal Reserve policy meeting. The FTSE 100 was trading as low as 6,400 today in London today; the last time it closed below this level was on July 5th when
Read moreLondon open: FTSE 100 slips as investors await Fed minutes
21st Aug 2013 08:29
The FTSE 100 fell into the red on Wednesday morning, hitting a fresh six-week low as investors nervously awaited the minutes of the latest Federal Reserve meeting. The index dropped 0.5% to around the 6,420 mark early on. The last time the London benchmark closed lower was on July 5th when it finis
Read moreCLS Chairman sells shares, while Vice Chairman tops up stake
16th Aug 2013 16:06
The Chairman of CLS Holdings cut his sizeable stake in the company this week while the Vice Chairman chose to increase his holding, just two days after the property group impressed the market with its first-half report. CLS said on Friday that Sten Mortstedt, the Chairman who established the firm i
Read moreTuesday tips round-up: Publicis Omnicom, National Grid, Hammerson
30th Jul 2013 06:45
The tie-up of Publicis and Omnicom has been pitched as a "merger of equals" but one party is very likely to be getting the better of the other, the Financial Times' Lex column believes. Publicis is acquiring Omnicom and its shareholders will end up owning half of the company with revenues that are t
Read moreLondon open: Analysts challenge consensus forecasts for Fed and China
29th Jul 2013 08:15
According to the Financial Times European demand for oil is is rising for the first time in two years, possibly indicating increased economic activity. Yet that may not be the only thing which has been on the increase of late. Thus, and for the first time in a quite a bit, investors have awoken on
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