Hammerson lifts dividend after keeping occupancy levels high
29th Jul 2013 08:07
Hammerson hiked its interim dividend after it kept it occupancy levels and rental income growth above target. The shopping centre property group said its underlying net rental income grew by 2.5% in the first half compared with 2.1% growth in 2012. It aims for growth in excess of 2% each year. Occ
Read moreSector movers: British Land leads real estate stocks lower
24th Jul 2013 15:11
British Land was providing a drag in the real estate investment sector on Wednesday despite saying it had made a 'good' start to the year. The share price was down 1.54% at 607.5p in afternoon trade as investors shrugged off the firm's upbeat comments about a steadily improving economy and signs of
Read moreFriday broker round-up UPDATE
12th Jul 2013 08:11
Ashmore Group: Morgan Stanley cuts target price from 444p to 420p and leaves its equal-weight rating unchanged. JP Morgan ups target price from 339p to 377p maintaining a neutral rating. AstraZeneca: Jefferies reduces target price from 3560p to 3400p, while keeping its hold recommendation. Aviva:
Read moreThursday broker round-up UPDATE
20th Jun 2013 08:43
Ashtead Group: Jefferies takes target price from 690p to 750p and leaves its buy recommendation unchanged. ASOS: Deutsche Bank increases target price from 3300p to 3800p and reiterates a hold recommendation. Atkins: Liberum Capital takes target price from 1020p to 1100p and maintains a buy recomme
Read moreLondon close: MPC's McCafferty warns against complacency
14th Jun 2013 16:16
Stocks bounced back further on Friday as traders opted to hold their fire ahead of next week's policy meeting at the US Federal Reserve. Nevertheless, there is still some uncertainty as to just how dangerous the present correction in equities really is, even if shares have reached clearly 'oversold'
Read moreFTSE 100 movers: Mining, property stocks gain as traders 'buy on the dip'
14th Jun 2013 14:25
A calmer session on financial markets prompted decent gains in the mining and property sectors on Friday, as bargain-hunters moved in to 'buy on the dip' after the recent volatility hit both sectors hard. Anglo American, Glencore, Antofagasta, Vedanta and Randgold led the resources sector higher to
Read moreLondon midday: Stocks slip after EU jobs data
14th Jun 2013 11:47
The upbeat tone seen from markets in early trading on Friday morning didn't last for long, with the FTSE 100 slipping into the red by midday after some gloomy data from Europe. Strong gains on Wall Street last night prompted a decent start in London this morning on expectations that the Federal Res
Read moreLondon open: FTSE 100 tracks US and Asian markets higher early on
14th Jun 2013 08:46
Stocks were registering moderate gains on Friday morning as fears over the Federal Reserve's eventual 'exit strategy' from stimulus were eased overnight. Wall Street benchmarks rose strongly on Thursday on expectations that Fed Chairman Ben Bernanke will attempt to calm markets by pushing back pred
Read moreTuesday broker round-up UPDATE
4th Jun 2013 07:25
Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum
Read moreHammerson announces tender offer for bonds
16th May 2013 10:05
FTSE 100-listed retail property developer Hammerson has announced a tender offer as part of its policy to manage its balance sheet liabilities and optimise its debt structure by utilising its substantial liquidity to manage near term debt maturities and achieve a lower running cost of debt. The com
Read moreFriday tips round-up: Hammerson, McBride, IMI
10th May 2013 07:40
FTSE 100 retail property developer Hammerson yesterday delivered a mixed trading update. However, the company does seem to have a good long-term strategy in place, of exiting the London office market in favour of local retail space, which - it must be said - goes against current received wisdom. To
Read moreHammerson reports high occupancy rates across portfolio
9th May 2013 07:43
FTSE 100-listed retail property developer Hammerson has unveiled positive results for 2013, supported by high rates of occupancy and multiple acquisition projects. In an interim management statement for the period from January 1st to May 8th, the group reported the acquisition of a 17% stake in Bul
Read moreThursday broker round-up UPDATE
9th May 2013 07:23
Alkane Energy: Liberum Capital initiates with a target price of 44p and a buy recommendation. Anite: Panmure Gordon shifts target price from 170p to 171p and maintains a buy recommendation. Atkins: Credit Suisse raises target price from 770p to 822p, but downgrades to underperform. Avacta Group:
Read moreHammerson takes stake in Bullring shopping centre to 50 per cent
3rd May 2013 13:00
Hammerson, the FTSE 100 retail property developer, has purchased an additional 16.7 per cent stake in Bullring, meaning its now own exactly half of the Birmingham shopping centre. In a joint venture with Canada Pension Plan Investment Board (CPPIB), the two parties acquired Future Fund's 33.3% sta
Read moreFTSE 100 movers: Vedanta rises on appeal decision
3rd Apr 2013 14:45
Vedanta made strong gains on Wednesday, as investors welcomed the decision by India to grant the company an appeal over the closure of its copper smelter in Tuticorin, Tamil Nadu. Wood Group was rising on reports it has been awarded a contract worth $1.6m from a Chinese petrochemical plant. The or
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