Broker snap: Hammerson in good shape
3rd Aug 2010 12:42
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
Read moreLondon close: Footsie soars as earnings impress
2nd Aug 2010 16:51
Footsie posted triple-digit gains as strong earnings here and elsewhere cheered investors. HSBC gave the banking sector a lift. The global banking giant's pre-tax profit more than doubled to $11.1bn on a reported basis, while underlying pre-tax profit rose by 30% to $9.6bn/ Loan impairment charges
Read moreLondon afternoon: Triple digit rise for Footsie
2nd Aug 2010 14:20
The Footsie is sitting on a triple-digit gain though the benchmark index has largely traded sideways since 9:30 this morning when the purchasing managers index (PMI) for UK manufacturing was released. The index showed that activity in British factories grew at a slower pace in July, but the decli
Read moreLondon midday: Banks set the pace
2nd Aug 2010 12:14
Banking shares drove London higher in the morning session after better than expected figures from global banking giant HSBC. HSBC's pre-tax profit more than doubled to $11.1bn on a reported basis, while underlying pre-tax profit rose by 30% to $9.6bn/ Loan impairment charges and other credit risk
Read moreUPDATE: Hammerson Lifts Dividend As Markets Recover
2nd Aug 2010 09:34
(Adds detail, comment.) By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Hammerson PLC (HMSO.LN), the retail and office landlord with operations in France and the U.K., Monday became the U.K. first real estate investment trust to raise its dividend since the downturn in proper
Read moreLondon open: Strong start for Footsie
2nd Aug 2010 08:53
Banks and miners are in favour this morning, helping Footsie make a bright start. The banks' interim results season kicks off later today with HSBC's first half figures and predictions at the weekend were for strong numbers across the sector. Lloyds, Barclays and Royal Bank of Scotland are all hig
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
2nd Aug 2010 08:44
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0744 GMT [Dow Jones] Hammerson (HMSO.LN) "is doing all the right things" says an analyst at Evolution Securities. The analyst
Read moreMARKET TALK: Hammerson Doing All The Right Things - Evolution
2nd Aug 2010 08:44
0744 GMT [Dow Jones] Hammerson (HMSO.LN) "is doing all the right things" says an analyst at Evolution Securities. The analyst notes Hammerson is the only major real estate investment trust to increase its dividend year-on-year in 1H. "We support this strongly," says the analyst. The analyst says the
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
2nd Aug 2010 08:35
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0735 GMT [Dow Jones] Hammerson's (HMSO.LN) results are in line with expectations, says KBC Peel Hunt. Hammerson has been one
Read moreMARKET TALK: Hammerson Results In--Line - KBC Peel Hunt
2nd Aug 2010 08:35
0735 GMT [Dow Jones] Hammerson's (HMSO.LN) results are in line with expectations, says KBC Peel Hunt. Hammerson has been one of the most active recyclers of capital amongst its peer group in the last 18 months, making over GBP700M of disposals, while acquisitions have totaled about GBP100M,says KBC
Read moreLondon pre-open: Heading higher
2nd Aug 2010 07:29
A late recovery on Wall Street Friday helped the Dow Jones erase losses, paving the way for a decent start to the week in London. Futures prices currently indicate a 50-point rally for the FTSE 100 in early deals. In company news, property group Hammerson reported a 7% rise in half year profit as
Read moreHammerson Markets Recovered But Cautions On Uncertain Outlook
2nd Aug 2010 07:18
By Anita Likus Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Hammerson PLC (HMSO.LN), the retail and office landlord with operations in France and the U.K., Monday said that while its markets have recovered from recession with improved earnings and rental income in the first half of the year,
Read moreHammerson profit up, outlook uncertain
2nd Aug 2010 07:02
Property group Hammerson reported a 7% rise in half year profit as its markets continued to recover from the recession over the first half of 2010, but cautioned that the outlook remains uncertain. Adjusted pre-tax profit rose to £70.2m in the six months ended 30 June from £65.6m last time, thanks
Read moreUPDATE: Carlyle Group Buys Six 'White Tower' Assets For GBP671M
8th Jul 2010 14:47
(Adds detail, context) By Anita Likus and Ainsley Thomson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Private equity firm The Carlyle Group LP Thursday said it had bought six landmark London properties--formerly part of entrepreneur Simon Halabi's GBP1-billion property portfolio--for GBP67
Read moreCarlyle Group Buys Six 'White Tower' Assets For GBP671M
8th Jul 2010 12:06
By Anita Likus and Ainsley Thomson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Private equity group The Carlyle Group LP Thursday said it had bought six landmark London properties--formerly part of Simon Halabi's GBP1 billion property portfolio, the White Tower--for GBP671 million. The p
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