Hammerson nets £79m from Bishops Sq
15th Dec 2010 07:18
Hammerson and its partner, the Oman Investment Fund, have sold their interest in the Bishops Square office building, London E1, to two funds run by JP Morgan. Hammerson will net £79m, representing a surplus of £34m over the June book value. The total consideration is £557m against a value at end Ju
Read moreLondon close: Strong gains near the close
25th Nov 2010 16:48
Footsie closed the day healthily in the blue as investors got excited about shopping centre owners and other property groups. Capital Shopping Centres Group (CSC), the shopping centre arm of what used to be Liberty International, raced ahead after it put pen to paper to purchase Manchester's Traffo
Read moreLondon afternoon: US interest in Capital Shopping
25th Nov 2010 14:15
Footsie is more or less back to where it started the day after a quiet lunch time session, though investors continue to be excited about shopping centre owners. Capital Shopping Centres Group (CSC), the shopping centre arm of what used to be Liberty International, has raced ahead after it put pen t
Read moreSector movers: Capital Shopping lifts real estate
25th Nov 2010 14:12
The real estate sector is today's hot property after Capital Shopping Centres Group, the shopping centre arm of what used to be Liberty International, put pen to paper to purchase Manchester's Trafford Centre in a deal worth £1.6bn. The purchase sent the shares sharply higher and other property gr
Read moreFTSE 100 movers: Capital buys Trafford Centre
25th Nov 2010 13:07
Capital Shopping Centres, the shopping centre arm of what used to be Liberty International, has raced ahead after it agreed the purchase Manchester's Trafford Centre in a deal worth £1.6bn. Capital is paying for the purchase from Peel in shares and convertible bonds. It also intends to raise cash t
Read moreLondon close: Footsie adds gains as results impress
9th Nov 2010 16:58
Footsie added more gains Tuesday as a stream of company updates was mostly well-received. Fund manager Schroders muscled its way to the top of the Footsie leaderboard, seeing off competition from several other heavy hitters that have made trading updates today. Profits rocketed at Schroders during
Read moreLondon afternoon: Stocks come off the boil
9th Nov 2010 14:44
Investors creamed off a few profits over the lunchtime session pushing the Footsie back below 5900. Fund manager Schroders has muscled its way to the top of the Footsie leaderboard, seeing off competition from several other heavy hitters that have made trading updates today. Profits rocketed at Sc
Read moreOccupancy levels rise at Hammerson
9th Nov 2010 08:28
Property group Hammerson is seeing strong investment demand for prime property in both the UK and France. Overall occupancy in the property portfolio increased to 96.6% at 30 September 2010, from 96.2% at 30 June. The occupancy rate in UK Retail grew to 96.0% from 95.6% at the end of June, while F
Read moreLondon close: US spurs Footsie recovery
8th Sep 2010 16:36
Footsie put its weak start behind it to close with good gains, helped by buoyant trading on Wall Street. US shares recovered from losses yesterday that snapped a recent winning streak. Among the risers here was ARM Holdings. UBS has issued a downbeat assessment of the European semiconductor mark
Read moreLondon afternoon: ARM in line for Samsung boost
8th Sep 2010 14:28
Footsie emerged from the lunch-time session nursing a small gain, with the majority of the blue-chip index's constituents in positive territory. Chief among them was chip designer ARM Holdings. UBS has issued a downbeat assessment of the European semiconductor market but it has made an exception o
Read moreLondon midday: BP spreads the blame
8th Sep 2010 12:00
It's back to square one for London with the Footsie virtually unchanged at the end of the morning session after early losses were wiped out. News that the US markets look set to open firmer after yesterday's triple-digit fall for the Dow has bolstered confidence this side of the pond. BP edged high
Read moreLondon open: Dull start for blue chips
8th Sep 2010 08:45
Last night's triple-digit drop on Wall Street and further losses in Asia meant a poor start in London. US stocks fell on concerns about the European bank stress tests. Property groups are the best performers with Land Securities, Hammerson and British Land all rising strongly. A potential politic
Read moreHammerson buys Gresham St. building
4th Aug 2010 08:34
Hammerson has set up a joint venture with the Canada Pension Plan Investment Board (CPPIB) to acquire a long leasehold interest in an office building in the heart of London's financial district. The joint venture is acquiring the building at 10 Gresham Street for £183m, including costs of £8m, from
Read moreFTSE 100 movers: Standard strong ahead of interims
3rd Aug 2010 15:44
Financials are generally strong but Footsie is still lower on the day. Standard Chartered is strong ahead of tomorrow's interim results. Man Group, Standard Life and Prudential are also higher. Banking group Investec is heading in the other direction after it raised £104.5m through a placing at 4
Read moreBroker tips: Hammerson, French Connection, Taylor Wimpey
3rd Aug 2010 12:43
Panmure Gordon has its target price for Hammerson under review after the property company reported an encouraging set of results. "We believe the business is in good shape for the future with a resilient balance sheet and an attractive collection of assets. That said, we continue to feel that the c
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