Hammerson to sell Harbour Exchange
22nd Jun 2010 12:50
Hammerson, the UK property giant, has exchanged conditional contracts for the sale of Exchange Tower in London's Docklands. The buyer is MGPA Europe Fund III, and Hammerson will receive £134m, net of £1m disposal costs. Completion is scheduled for September 2010. The 16 storey office tower at 1&2
Read moreHammerson Sells Exchange Tower To MGPA Europe Fund 3
22nd Jun 2010 09:19
LONDON (Dow Jones)--Hammerson PLC (HMSO.LN) said Tuesday it exchanged conditional contracts for the sale of Exchange Tower in London's Docklands. MAIN FACTS: -The purchaser is MGPA Europe Fund III, and Hammerson will receive proceeds of GBP134 million, net of GBP1 million disposal costs.
Read moreLondon close: China currency move lifts shares
21st Jun 2010 16:31
Footsie closed just shy of 5,300 as mining stocks advanced on higher commodity prices after China's decision to delink the yuan from the US dollar. Miners Vedanta, Rio Tinto, Xstrata, Antofagasta and BHP Billiton were among the best performers. BHP and Rio have agreed to increase iron ore royalti
Read moreLondon afternoon: Miners lead the advance
21st Jun 2010 14:20
China's decision to delink the yuan from the US dollar has provided UK stocks with a lift and calmed nerves ahead of tomorrow's hair-shirt Budget from chancellor of the exchequer George Osborne. Miners are the main beneficiaries of the optimism engendered by China's move, with Vedanta, Rio Tinto, X
Read morePRESS RELEASE: Fitch Revises Hammerson's Outlook to Positive
21st Jun 2010 12:25
Fitch Ratings-London-21 June 2010: Fitch Ratings has today revised the rating Outlook on Hammerson Plc's Long-term Issuer Default Rating (IDR) to Positive from Stable. Fitch has simultaneously affirmed Hammerson's senior unsecured rating at 'BBB+' and Long-term IDR at 'BBB'. The company's Short-term
Read moreLondon midday: Yuan move lifts equities
21st Jun 2010 12:06
Having just failed to make it eight consecutive gains in a row on Friday the blue-chip index is resuming its steady rise today as stocks are buoyed by news that China will allow the yuan more flexibility after a two-year peg against the dollar. It's hoped the decision will reinvigorate the Chinese
Read moreLondon open: Footsie surges after China's currency move
21st Jun 2010 08:51
News over the weekend that China will relax its currency's peg to the dollar has sparked a rush into mining stocks. It's hoped the decision will boost reinvigorate the Chinese economy. Far East markets have already responded, with Japan up 2.5% and Hong Kong nearly 3%. All of the top ten risers s
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
21st Jun 2010 07:59
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] 0659 GMT [Dow Jones] NCB Stockbrokers continues to see good value in Hammerson (HMSO.LN), following the company's acquisitio
Read moreMARKET TALK: Hammerson Good Value - NCB Stockbrokers
21st Jun 2010 07:59
0659 GMT [Dow Jones] NCB Stockbrokers continues to see good value in Hammerson (HMSO.LN), following the company's acquisition of the remaining 75% of Battery Retail Park in Birmingham. Says Battery is a "prime" retail park and the asset offers further redevelopment potential. Meanwhile, thinks the
Read moreLondon pre-open: Rally to resume
21st Jun 2010 07:35
Investors will need to hold on to their hats Monday as news over the weekend that China will relax the yuan's peg to the dollar is set to spark a flurry of buy orders early on. Far East markets have already responded, with Japan up 2.5% and Hong Kong nearly 3%. It's hoped the decision will boost re
Read moreHammerson Buys 75% In Battery Retail Park For GBP49.5M
21st Jun 2010 07:08
LONDON (Dow Jones)--Hammerson Plc (HMSO.LN), a real estate investment trust, which owns 25% of Battery Retail Park in Birmingham, announced Monday it has acquired the remaining 75% from its partner TIAA-CREF for a consideration, including costs, of GBP49.5 million MAIN FACTS: -Battery is a p
Read moreHammerson buys up rest of Selly Oak asset
21st Jun 2010 07:00
Property giant Hammerson has assumed full ownership of the Battery Retail Park in the Selly Oak part of Birmingham. Hammerson has bought the 75% interest in the retail park which it did not already own from TIAA-CREF for a consideration, including costs, of £49.5m. Battery is a prime retail park
Read moreHammerson Plc Acquisition Of Remaining 75% - Battery Retail Park
21st Jun 2010 07:00
TIDMHMSO RNS Number : 8953N Hammerson PLC 21 June 2010 ? For immediate release Monday 21 June 2010 Acquisition of remaining 75% of Battery Retail Park, Birmingham Hammerson plc, which owns 25% of Battery Retail Park in Birmingham, has acquired the remaining 75% from its partner TIAA-C
Read moreLondon close: Seventh day of gains for Footsie
17th Jun 2010 16:46
London's blue chips rose for the seventh day running as BP took some comfort from the $20bn deal agreed with US president Obama. Banks also rallied on the new plans for City regulation set out yesterday. This afternoon, the coalition government also axed 12 projects costing £2bn, suspended another
Read moreLondon afternoon: Stocks drift off highest levels
17th Jun 2010 14:12
Leading shares saw their gains trimmed over the lunch time session, despite expectations of a firm start on Wall Street. BP and the banks continue to lead the market higher. Under fire oil giant BP remains the top performer after yesterday's meeting between BP officials and the US president. BP h
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