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Hammerson confirms talks over possible sale of retail parks portfolio to Brookfield

12 April 2021 | 08:29am StockMarketWire.com - UK stocks opened lower on Monday, even as local restaurants, bars and other non-essential businesses began to reopen, as jitters remain globally about rising bond yields and lofty stock valuations. At 0819, the benchmark FTSE 100 index was down 16.29 points, or 0.2%, at 6,899.46. Shopping centre owner Hammerson climed 1.4% to 37.92p, having confirmed press speculation that it was in talks about a possible sale of its retail parks portfolio to Brookfield. Pharmaceutical group AstraZeneca edged back 3.42p to £72.8358 after it said its diabetes drug...

12 April 2021 | 12:26pm StockMarketWire.com - UK stocks were slightly lower by lunchtime on Monday, even as local restaurants, bars and other non-essential businesses began to reopen, with investor sentiment uncertain amid global jitters over rising bond yields and lofty stock valuations. By lunchtime, London's blue chip benchmark index was down 22 points, or 0.32%, at 6,893.84, with high street names weakening on reopening day as investors decided to 'sell the fact'. Shopping centre owner Hammerson cheapened 2.4% to 36.5p after it confirmed press speculation that it was in talks about a poss...

FTSE creeps lower as caution prevails ahead of US earnings season

12 March 2021 | 14:18pm StockMarketWire.com - Shopping centre owner Hammerson wrote down the value of its property portfolio to £6.3 billion in 2020 as the company posted the largest decline in net rental income in its history and disposed of some assets. The company reported net rental income of £158 million in 2020, down 41% on a like-for-like basis excluding premium outlets, largely impacted by Covid-19 closures, tenant restructuring and higher provisions for bad debt and tenant incentives. Its portfolio value fell from £8.3 billion in 2019 to £6.3 billion in 2020, while group capital ...