Hammerson completes move to retail
9th Nov 2012 07:12
Hammerson has said it remains 'cautious' about the economic outlook in the UK and Europe, even as it completed its strategic move from office landlord to retail landlord. Announcing the disposal of its final office property, Stockley House for £42m, 10% above book value, it confirmed that it is n
Read moreFTSE 100 movers: Sage gets boost from Citigroup
29th Oct 2012 15:07
Sage Group was leading the risers after Citigroup upgraded the stock from neutral to buy, and raised its target price from 294p to 345p. Similarly, Deutsche Bank has today upped its price targets Hammerson to 580p from 540p, boosting the stock into the top three risers. Serco Group, the internat
Read moreLondon midday: Sandy claims its first victims, insurers
29th Oct 2012 11:37
UK equities are now registering moderate losses and bouncing "along the bottom" in rather lackluster trading conditions, as the main indices track futures on Wall Street. Those are now pointing to falls of about 1 per cent in the main benchmarks ahead of electronic trading being suspended before hu
Read moreMonday broker round-up
29th Oct 2012 08:10
African Barrick Gold: HSBC cuts target from 710p to 670p, overweight rating kept. African Eagle Resources: Seymour Pierce keeps buy rating. Anglo American: Nomura cuts target from 2,100p to 2,000p, neutral rating kept; UBS ups target from 2,230p to 2,250p, buy rating kept. Burberry: Goldman Sachs
Read moreTuesday broker round-up
23rd Oct 2012 09:23
Aggreko: UBS cuts target from 2,750p to 2,550p, buy rating kept. ARM Holdings: Investec keeps buy rating and 800p target. Avacta: Panmure Gordon keeps buy rating and 1.75p target. AZ Electronic: Canaccord Genuity ups target from 360p to 376p, buy rating kept. Babcock: JPMorgan Cazenove ups targe
Read moreFTSE 100 movers: Hammerson rises on office sale
19th Oct 2012 16:02
Hammerson, the property company that has spent much of the year selling off its offices, rose on news that it continues to recycle the cash into shopping centres with the acquisition The Junction Unit Trust. The group has paid £254.5m for the trust, which owns four prominent retail parks in strong
Read moreHammerson buys four retail parks
19th Oct 2012 13:38
Hammerson, the property company that has spent much of the year selling off its offices, continues to recycle the cash into shopping centres with the acquisition The Junction Unit Trust. The group has paid £254.5m for the trust, which owns four prominent retail parks in strong catchment areas: Thur
Read moreLondon close: Spanish concerns dampen stocks
2nd Oct 2012 16:37
- Moody's to reveal Spanish review this month - Banks provide a drag on the Footsie - Bumi and Bank of Georgia are big movers on FTSE 250 After a morning rally into the blue, the Footsie had dropped back into negative territory by the close of trade on Tuesday with uncertainty surrounding Spain con
Read moreFTSE 100 movers: Babcock boosted by buoyant markets
2nd Oct 2012 15:51
Engineering support firm Babcock was performing well today after saying it was enjoying buoyant markets as customers turned to it to make cost savings. Jefferies, Seymour Pierce and Investec all hailed the first-half trading update as "in line", maintaining their 'buy' ratings for the stock while sa
Read moreBroker tips: Babcock, AstraZeneca, Hammerson
2nd Oct 2012 12:10
Jefferies reiterated its 'buy' recommendation and 970p target price for Babcock, saying that the business is "holding a steady course". "While the bid pipeline remains at £13bn, more opportunities are emerging at tracking stage including equipment support and training for the MOD. Babcock is a majo
Read moreLondon midday: Stocks swing into the blue
2nd Oct 2012 11:38
- Stocks shrug off Spanish bailout concerns - RBA cuts rates - Babcock and Wolseley rise strongly after updates After a poor start on Tuesday, the FTSE 100 had swung into positive territory by lunchtime with gains from Babcock, Wolseley and International Consolidated Airlines (otherwise known as IA
Read moreBroker snap: Investec upgrades Hammerson to 'hold'
2nd Oct 2012 09:26
Investec has upgraded its recommendation for retail-focused real estate investment trust Hammerson from 'sell' to 'hold' following a recent tour of the 'Value Retail' discount shopping outlet, Bicester Village, Oxfordshire. Value Retail gives luxury fashion retailers an efficient way in which to de
Read moreTuesday broker round-up
2nd Oct 2012 08:17
African Barrick Gold: Deutsche Bank raises target from 510p to 540p, hold rating kept. African Minerals: Deutsche Bank cuts target from 708p to 610p, buy rating kept. Allocate Software: N+1 Brewin downgrades to hold, target cut from 94p to 80p. Babcock: Investec raises target from 970p to 100p, b
Read moreLondon open: Stocks shrug off disappointing Asian data
1st Oct 2012 08:34
- UK stocks make strong gains early on - Japanese, Chinese figures disappoint - Xstrata rises after agreeing terms with Glencore UK equities advanced on Monday morning in spite of some disappointing economic data from Asia as stock markets kicked off the fourth quarter on a positive note. The Bank
Read moreHammerson down to one office property -UPDATE
1st Oct 2012 07:11
Property firm Hammerson has sold one of its last central London office properties as it pushes forward with plans to focus solely on retail space. The deal means the firm has just one office building left in its portfolio. Hammerson said it had exchanged contracts for the sale of 10 Gresham Stree
Read more