London open: Footsie flat after Eurogroup delays full Greek bailout
2nd Mar 2012 08:33
- Eurogroup releases 58bn euros but delays full Greek bailout. - ECB 'reasonably satisfied' with LTRO - International Power rises on Indonesian deal. The Footsie opened flat in early trading on Friday on news that European leaders have delayed the decision to fully bail out Greece for another 10 da
Read moreHammerson offloads Parisian retail space for a good price
2nd Mar 2012 07:27
FTSE 100 real estate investment trust (REIT) Hammerson is to dispose of its freehold for 54-60 rue du Faubourg Saint-Honoré in Paris. The company has exchanged contracts with Ramsbury AB to sell the site for €165m, slightly above its December 2011 book value. Hammerson bought the buildings, locat
Read moreLondon close: Subdued finish for Footsie, but Vedanta jumps
24th Feb 2012 17:07
- Vedanta jumps on further speculation of restructuring in India. - Lloyds falls on tough outlook for 2012. - BoE's Fisher thinks outlook is 'incredibly uncertain'. The Footsie finished flat on Friday after the blue chip index swung between gains and losses in a tight range of just 20 points or so
Read moreFTSE 100 movers: Hammerson rises on strategy rethink
24th Feb 2012 13:18
Property firm Hammerson caught the market on the hop with its decision to sell off all its office developments to focus on its retail assets, but with the employment situation looking bleak investors were quick to applaud the decision. The news sent the stock into the top spot despite a slump in pr
Read moreHammerson leaves office, is off to the shopping centre
24th Feb 2012 08:35
Property firm Hammerson caught the market on the hop with its decision to sell off all its office developments to focus on its retail assets, but with the employment situation looking bleak the market was quick to applaud the decision. The stock was the best performing blue-chip in early trading on
Read moreLondon open: Lloyds tumbles but Footsie stays flat
24th Feb 2012 08:26
- Lloyds drops after gloomy outlook. - Hammerson up as NAV rises 7%. - BoE's Fisher thinks outlook is 'incredibly uncertain'. The Footsie opened broadly flat on Friday as a strong rise by Capita and Hammerson managed to offset a fall in the mining and banking sectors following a negative reaction t
Read moreLondon pre-open: FTSE looks set to track US markets higher
24th Feb 2012 07:29
City sources predict the FTSE 100 will open up 24 points from yesterday's close of 5,938, tracking strong gains in the US which saw the S&P 500 near its 10-month high, buoyed in part by strong US data. Investor sentiment was also given a lift after a Reuters poll indicated the European Central Bank
Read moreHammerson to focus on UK and French retail assets
24th Feb 2012 07:02
Real estate investment trust Hammerson is to sell its offices investments to focus on its retail operations in the UK and France. The change in strategy was announced with the company's 2011 results in which it unveiled a 7.1% increase in adjusted net asset value per share (NAV) on a European Publi
Read moreFriday newspaper round-up: Greece, Oil, BoE
24th Feb 2012 06:56
Germany's ruling parties are to introduce a resolution in parliament blocking any further boost to the EU's bail-out machinery, vastly complicating Greece's rescue package and risking a major clash with the International Monetary Fund. European solidarity is not an end in itself and should not be a
Read moreHammerson completes sale of London property for £176m
15th Dec 2011 07:37
FTSE 100 property firm Hammerson has sold the freehold of one of its London properties to St. Martins Property Investments for £176m. Some £5m of this has been deferred subject to certain conditions which are expected to be satisfied by 2013. The property, 60 Threadneedle Street, in East London,
Read moreSector movers: Burberry drags personal goods stocks lower
23rd Nov 2011 15:15
Personal goods stocks were the worst performers on Wednesday afternoon, dragged lower by sector giant Burberry. The iconic British luxury brand was among the heaviest fallers on the FTSE 100 falling 4.47% to 1,113p as of 15:28. The decline comes after a key economic measure in China - a fast-growin
Read moreLondon midday: Lloyds leads the way
8th Nov 2011 12:32
There has been no shortage of company announcements to keep investor occupied while they await the outcome of the keenly awaited vote in the Italian parliament this afternoon, which could determine whether Silvio Berlusconi continues his charmed life as Italian Prime Minister. PUNTERS BACK THE BLAC
Read moreTuesday broker update: IAG, HSBC, Essar -UPDATE
8th Nov 2011 09:38
Tate&Lyle: J.P.Morgan downgrades to underweight from neutral. IAG: Credit Suisse cuts target too 152p from 164p. HSBC: Credit Suisse cuts target too 610p from 640p. Essar: Credit Suisse cuts target too 435p from 566p. Weir: Credit Suisse raises target to 2050p from 1850p. Astra Zeneca: Panmure
Read moreLondon open: Thumbs-up for Lloyds
8th Nov 2011 08:44
It has been a hectic morning for big company announcements, busy enough to distract traders from events in the Eurozone. Eight of the FTSE 100 companies have made trading updates already, while insurance giant Prudential is set to weigh in with his third quarter update at 9:00am. Part-nationalised
Read moreOccupancy levels holding up at Hammerson
8th Nov 2011 07:46
Property company Hammerson was happy to report that the occupancy level across its portfolio remains high, though it has dipped to 97.1% from the end-June figure of 97.2%. The UK Retail arm's occupancy level at the end of September had eased to 96.9% from 97.2% at the end of June, but the French Re
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