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Hammerson (HMSO) Share News

IN BRIEF: Hammerson starts two-year share buyback worth GBP140 million

16th Oct 2024 11:05

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

IN BRIEF: Hammerson share consolidation secure high court sanction

9th Oct 2024 13:47

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

IN BRIEF: Hammerson finishes new bond issue and repurchase plan

9th Oct 2024 12:53

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

LONDON BROKER RATINGS: Goldman Sachs starts Barclays at 'buy'

8th Oct 2024 09:30

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More

LONDON BROKER RATINGS: Jefferies cuts SSE, Barclays cuts Safestore

4th Oct 2024 09:44

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More

UPDATE: Hammerson to accept up to GBP400 million for bond offers

3rd Oct 2024 12:30

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

IN BRIEF: Hammerson 12-year GBP400 million bond draws "strong demand"

3rd Oct 2024 10:21

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

IN BRIEF: Hammerson offers to buy back three separate bonds

27th Sep 2024 10:50

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

UK dividends calendar - next 7 days

23rd Sep 2024 14:10

LONDON MARKET CLOSE: Fed rate uncertainty puts London on the back foot

18th Sep 2024 16:57

(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

IN BRIEF: Hammerson seals disposal of interest in Value Retail

18th Sep 2024 12:45

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

LONDON BROKER RATINGS: Goldman Sachs likes Aviva, cuts Phoenix Group

18th Sep 2024 09:50

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More

IN BRIEF: Hammerson shareholders endorse share consolidation

12th Sep 2024 16:07

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

LONDON BROKER RATINGS: Deutsche Bank cuts Dalata Hotel to 'hold'

6th Sep 2024 09:40

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More

LONDON BRIEFING: Stocks seen red as eurozone GDP looms

6th Sep 2024 07:42

(Alliance News) - Stocks were called lower on Friday, joining peers in the US and Asia, ahead of a GDP print from the eurozone later in the day, and following a data-heavy week globally. Read More

UK shareholder meetings calendar - next 7 days

5th Sep 2024 16:36

IN BRIEF: Lighthouse Properties sells more Hammerson shares

26th Aug 2024 13:04

Lighthouse Properties PLC - Mauritius-based property investor previously named Lighthouse Capital Ltd - Sells additional 224.1 million shares in Hammerson PLC on market for ZAR1.45 billion. Last month, it disposed of an additional 111.1 million shares in Hammerson for ZAR765.6 million. The sale is part of Lighthouse's plan to dispose of up to 634.5 million shares in Hammerson over the next 12 months from May. Read More

UK dividends calendar - next 7 days

15th Aug 2024 14:23

IN BRIEF: Hammerson and Pimco Prime Real Estate arrange Dundrum loan

14th Aug 2024 11:41

Hammerson PLC - London-based property development and investment company - Together with Pimco Prime Real Estate arranges a EUR350 million term loan of up to seven years, secured on Ireland's Dundrum Town Centre, with lenders Rothesay, BNP Paribas and Deka. The new loan due September 2031 is at an all-in interest cost of 5.5% per year. Dundrum is a shopping centre located in southern Dublin. Read More

LONDON BROKER RATINGS: Stifel cuts Great Portland, raises Hammerson

7th Aug 2024 09:40

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More

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