Hammerson announces major new retail role
10th Oct 2016 11:39
(ShareCast News) - Property development and investment firm Hammerson announced the creation of a major new retail role on Monday. The group said it has appointed Mark Bourgeois - currently executive director of Capital and Regional - to the position of managing director UK and Ireland, responsible
Read moreFriday broker round-up
30th Sep 2016 10:06
(ShareCast News) - Vodafone: UBS reiterates buy with a target price of 310p. British Land: HSBC reiterantes buy, 738p target. Ophir Energy: Deutsche Bank keeps at neutral with a 95p target. Homeserve: UBS reiterates neutral with a 610p target. Intercontinental Hotels: Credit Suisse keeps at outpe
Read moreHammerson moves closer towards listing on Johannesburg Stock Exchange
19th Aug 2016 07:21
(ShareCast News) - Hammerson said on Friday developments towards achieving a secondary listing on the Johannesburg Stock Exchange (JSE) are at an "advanced stage". The listing is expected to take place on 1 September after approval from the Financial Surveillance Department of the South African Rese
Read moreHammerson acquisition of Grand Central gets regulatory clearance
28th Jul 2016 07:42
(ShareCast News) - Hammerson received some positive news on Thursday morning, with an announcement from the Competition and Markets Authority that it has unconditionally cleared the acquisition of Grand Central, Birmingham. The FTSE 100 firm had initially signalled the completion of the purchase on
Read moreHammerson rental income up while profit halves
25th Jul 2016 07:15
(ShareCast News) - Hammerson posted its half-year report for the six months to 30 June on Monday, with net rental income improving 5.1% to £167.7m during the period, or 2.1% on a like-for-like basis. The FTSE 100 firm reported profit including valuation changes of £162.5m, a drop of 50.2%, with adju
Read moreHammerson exchanges on Manor Walks in Northumberland
19th Jul 2016 07:24
(ShareCast News) - Hammerson announced on Tuesday that it has exchanged contracts for the sale of Manor Walks Shopping Centre, Cramlington in Northumberland to Arch Commercial Enterprise for £78m. The FTSE 100 firm said Manor Walks adjoins Westmorland Retail Park, which it will retain ownership of,
Read moreHammerson secures portfolio of Irish retail assets
8th Jul 2016 07:15
(ShareCast News) - Hammerson and joint venture partner Allianz Real Estate have secured the ownership of Dundrum Town Centre in Ireland, a shopping and leisure destination as part of a portfolio of market-leading retail assets in Dublin.. The two partners acquired loans secured against a portfolio o
Read moreMiners and defensives pace gains
4th Jul 2016 14:30
(ShareCast News) - Miners were doing best among the main market groups, with some market commentary referencing the boost to commodity prices from heightened expectations for further monetary stimulus from several of the world´s main central banks, while the Federal Reserve could be expected to stay
Read moreLondon-listed REITs slump as Liberum downgrades on Brexit risks
4th Jul 2016 12:36
(ShareCast News) - Liberum downgraded its ratings on British Land, Land Securities, Intu Properties and Hammerson as it pointed to greater occupier uncertainty in London City offices and retail following the UK's decision to leave the European Union. "Irrespective of economic stabilisers and low int
Read moreLondon midday: Financials pace gains as Footsie keeps climbing
20th Jun 2016 12:29
(ShareCast News) - Stocks in London were continuing to move higher come midday on Monday, alongside the largest gain the pound in three months, with investors taking their cue from strong gains in Asia as Brexit polls showed the Remain campaign was in the lead. As of 12:03 BST, the FTSE 100 was 183.
Read moreLondon open: Stocks surge after latest poll results
20th Jun 2016 08:48
(ShareCast News) - Stocks in London surged at the start of trading, alongside the largest gain the pound in three months, with investors taking their cue from strong gains in Asia as Brexit polls showed the Remain campaign was in the lead. As of 08:43 BST the FTSE 100 was 145.82 points or 2.42% high
Read moreHammerson sells Thurrock shopping park for £93m
20th Jun 2016 07:02
(ShareCast News) - Hammerson said it has exchanged contracts and completed the sale of Thurrock Shopping Park, Essex, to TH Real Estate for £93m. The sale price represents a net initial yield of 5.3% and is moderately below the book value as at 31 December 2015, Hammerson said. It purchased the prop
Read moreRespite for high street as retail footfall rallies in May, BRC-Springboard shows
13th Jun 2016 10:04
(ShareCast News) - A rise in UK retail footfall in May provided some rare good news for the embattled sector, as the best monthly high street performance for three years outweighed a decline for shopping centres. Total footfall last month was 0.3% higher than the same month last year, according to B
Read moreHammerson's long-term issuer default rating affirmed at 'BBB+'
3rd Jun 2016 18:46
(ShareCast News) - Commercial property company Hammerson's long-term issuer default rating (IDR) and short-term IDR have been affirmed at 'BBB+' and 'F2' respectively by Fitch Ratings. "Hammerson's prime portfolio of UK and French shopping centres continue to benefit from high occupancy ratios (arou
Read moreThursday broker round-up
19th May 2016 13:42
(ShareCast News) - Countryside Properties: JP Morgan reiterates overweight with a 280p target. SSP Group: Citigroup retains buy with a 340p target. Polymetal International: Jefferies keeps at underperform with a 520p target and UBS reiterates neutral with a target price of 675p and Deutsche Bank st
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