Boss of Hammerson UK Retail quits for family reasons
9th Aug 2012 12:51
Lawrence Hutchings, Managing Director of property company Hammerson's UK retail operations, is to step down from the business at the end of September for family reasons. Lawrence, a member of Hammerson's Group Executive Comittee, will be taking a sabbatical to spend more time with his family in Aus
Read moreFriday broker round-up
3rd Aug 2012 08:17
Avanti Communications: Jefferies maintains buy rating and 600p target. BAE Systems: BarCap cuts target from 380p to 370p, equal weight rating kept. Cairn Energy: AlphaValue downgrades to sell. FlyBe: HSBC initiates coverage with overweight rating and 90p target. Hammerson: Credit Suisse lifts ta
Read moreTuesday broker round-up
31st Jul 2012 09:19
Dignity: N+1 Brewin upgrades to add, target raised from 880p to 950p. Diploma: Jefferies reiterates buy rating and 510p target. Elementis: N+1 Brewin upgrades to buy, target upped from 220p to 230p. EnQuest: HSBC upgrades to overweight, target lifted from 135p to 143p. Faroe Petroleum: Nomura ra
Read moreBroker tips: Pearson, Anglo American, Hammerson
30th Jul 2012 12:52
Publishing group Pearson was a heavy faller on Monday, extending its losses following its first-half results on Friday. Sentiment has been dampened today after Nomura reiterated its 'reduce' rating on the stock, saying that shares are 'richly priced'. The broker noted in a research report that grou
Read moreBroker snap: Investec downgrades Hammerson after strong run
30th Jul 2012 10:12
Investec has downgraded its rating for retail-focused real estate group Hammerson from 'hold' to 'sell' after the recent strong performance in the shares. "Hammerson has been the best performing UK major this year. It has rebounded from being oversold in Q4 2011, with performance augmented by the s
Read moreMonday broker round-up
30th Jul 2012 09:03
Anglo American: Jefferies cuts target from 2,950p to 2,200p, buy rating kept. Barclays: Nomura reiterates reduce rating and 210p target. Fidessa: Jefferies keeps hold recommendation and 1,510p target; Merchant Securities maintains buy rating; Investec puts target under review, sell rating kept. G
Read moreLondon close: Footsie drops two per cent on Eurozone fears
23rd Jul 2012 17:17
- Footsie near one-month low - Spanish regions ask for aid; bond yields surge - Evraz leads the Footsie lower Indices across Europe and the US tanked on Monday, with the FTSE 100 finishing near a one-month low, as Eurozone debt concerns spread fear across equity markets. The Footsie dropped 2.09%
Read moreFTSE 100 movers: Financials and miners dive on Eurozone worries
23rd Jul 2012 14:54
Financial peers Aviva, RBS and Schroders, and mining stocks Evraz, Vedanta, Kazakhmys, ENRC and Anglo American were heavy fallers as investors fled for 'safer' assets on the back of concerns about Spain's financial health and renewed speculation about a Greek exit from the Eurozone. Fund manager A
Read moreLondon midday: Footsie drops nearly 100 points on euro fears
23rd Jul 2012 11:42
- Spanish and Greek concerns weigh on stocks - Spanish yields continue to soar - Chinese policy-maker warns of slowing growth Concerns about Spain's financial health and renewed speculation about a Greek exit from the Eurozone sank European markets on Monday morning, prompting US stock futures to t
Read moreMonday broker round-up
23rd Jul 2012 09:31
Abcam: Numis downgrades to add. Aberdeen Asset Management: Peel Hunt upgrades to buy. Barclays: Nomura keeps reduce rating and 210p target. Beazley: Nomura ups target from 147p to 165p, neutral rating kept. Hammerson: Jefferies maintains buy rating and 487p target. Home Retail: Numis upgrades t
Read moreLondon open: Markets drop on Eurozone debt concerns
23rd Jul 2012 08:25
- Banks and miners dent the Footsie - Eurozone concerns dampen sentiment - Spanish 10-year bond yield at 7.556 per cent European stocks dropped sharply on Monday morning as concerns about the Eurozone debt crisis provoked fear on equity markets. London's Footsie lost 1.5% of its value in the openi
Read moreHammerson sitting pretty in retail
23rd Jul 2012 07:12
Property giant Hammerson says it is reaping the benefits of focusing on retail over office space. In the six months to the end of June the owner of the Brent Cross and Bullring shopping centres saw net rental income of £141.6m 1.6% down on the same period of last year, but 2.4% up on a like-for-lik
Read moreWeek ahead: Hammerson, ARM, AstraZeneca
20th Jul 2012 10:30
Next week looks like a busy week for corporate trading statements and results, as blue chips begin to update the market on their performance at the interim stage, including FTSE 100 peers Hammerson, ARM Holdings and AstraZeneca. Retail-focused real estate investment trust (REIT) Hammerson is expect
Read moreFriday broker round-up
20th Jul 2012 10:17
Capita: UBS ups target from 725p to 740p, buy rating unchanged. Euromoney: Peel Hunt downgrades to hold. Gulf Keystone: HSBC upgrades to overweight. Halfords: UBS cuts target from 240p to 205p, neutral rating kept; HB Markets upgrades to buy. Hammerson: Bank of America Merrill Lynch downgrades t
Read moreLondon close: Stocks rise on hopes for the US economy
18th Jul 2012 16:55
After a tentative start, stocks rallied on Wednesday afternoon on the back of some upbeat comments from Ben Bernanke, the Chairman of the US Federal Reserve. Meanwhile, markets gave a rather muted reaction to the minutes of the latest policy-making meeting in the UK. Bernanke, speaking on the secon
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