LONDON BROKER RATINGS: BofA cuts Unite Group but Goldman says 'buy'
15th Jan 2025 09:35
(Alliance News) - The following London-listed shares received analyst recommendations on Wednesday morning and on Tuesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations on Wednesday morning and on Tuesday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations on Monday morning and Friday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
Hammerson PLC - London-based real estate investment trust focused on city-centre shopping centres in the UK and elsewhere - Completes the acquisition of the remaining 50% stake in Westquay for GBP135 million. This gives the company a 100% interest in the retail and leisure destination situated in the heart of the South Coast. Says the consideration will be funded by the proceeds received from its recent disposal of its stake in Value Retail PLC. Read More
(Alliance News) - European equities were weaker on Thursday, with the mood uncertain following the UK budget, underwhelming earnings from both sides of the Atlantic and ahead of a US inflation reading in the afternoon. Read More
Hammerson PLC - London-based real estate investment trust focused on city-centre shopping centres in the UK and elsewhere - Launches share buyback worth up to GBP140 million. The buyback programme to reduce capital was first announced back in July. Hammerson has a market capitalisation of GBP1.58 billion. The buyback will be run by Morgan Stanley & Co International PLC. It will start on Wednesday and be completed by mid-October 2026. Read More
Hammerson PLC - London-based property development and investment company - Confirms that its share capital has reduced. This comes after the High Court of England and Wales sanctioned the share consolidation on Tuesday. Shareholders approved this share reduction last month. It had said back in July the move seeks to simplify its share capital through a 1 for 10 share consolidation, and to increase distributable reserves by reducing its share premium account. Hammerson says the issued share capital remains at 500.2 million shares, following the capital reduction. Read More
Hammerson PLC - London-based real estate investment trust owns city-centre shopping centres in the UK and elsewhere - Completes refinancing transactions that saw it issue new bonds and repurchase existing ones. It issues 12-year bonds at a coupon of 5.875%, raising GBP400 million. Uses the proceeds to buy back bonds for GBP411.6 million, comprising GBP168.4 million of 6% 2026 notes and GBP243.2 million of 7.25% 2028 issues. Says this reduces weighted average gross interest to 3.6% from 3.8% and extends its weighted average debt maturity to 5.2 years from 2.9 years. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
Hammerson PLC - London-based real estate investment trust owns city-centre shopping centres in the UK and elsewhere - Says it will accept up to GBP400.0 million for tender offers related to its plan to buy back three separate bonds. On Friday last week, Hammerson offered to repurchase three separate bonds - GBP300.0 million 6.00% note due 2026, GBP300.0 million 7.25% issue due 2028, and GBP350.0 million 3.500% bond due 2025. Read More
Hammerson PLC - London-based real estate investment trust owns city-centre shopping centres in the UK and elsewhere - Prices a GBP400 million bond, with a maturity of 12 years, paying a coupon of 5.875T. New bonds will be issued on Tuesday next week. Says the proceeds of the new bonds will be used to support its growth strategy and refinance its outstanding bonds. Read More
Hammerson PLC - London-based real estate investment trust owns city-centre shopping centres in the UK and elsewhere - Offers to buy back three separate bonds. These include GBP300.0 million 6.00% note due 2026, GBP300.0 million 7.25% issue due 2028, and GBP350.0 million 3.500% bond due 2025. Says this offer is part of its plan to "actively manage" its balance sheet liabilities. Read More
(Alliance News) - London's FTSE 100 retreated on Wednesday, as an interest rate decision by the US Federal Reserve closed in, with the magnitude of the expected rate cut in doubt. Read More
Hammerson PLC - London-based real estate investment trust owns city-centre shopping centres in the UK and elsewhere - Wraps up the sale of its "non-controlling and yield-dilutive" stake in Value Retail PLC to Silver Bidco Ltd, a company established by certain affiliates of L Catterton. The deal gives Value Retail an enterprise value of GBP1.5 billion and it generates GBP600 million in cash for Hammerson. It has said this sale will lower its debt. Hammerson entered into an agreement to sell Value Retail in July. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
Hammerson PLC - London-based property development and investment company - Says its shareholders have approved a share consolidation at a general meeting. It had said back in July the move seeks to simplify its share capital through a 1 for 10 share consolidation, and to increase distributable reserves by reducing its share premium account. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More