Morgan Stanley upgrades UK equities to ‘overweight’ despite Brexit uncertainty
Equities should benefit from higher commodity prices and rising corporate activity, Morgan Stanley said.
Company
Hammerson PLC
LON:HMSO
Hammerson PLC is a commercial and retail property developer and manager with a diverse range of investments in the United Kingdom and continental Europe.
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Proactive news snapshot: OptiBiotix Health, Kromek Group, Union Jack Oil …
A glance at some of the day's highlights from the Proactive Investors newswire
Investments and investor services
Cora Gold leads small cap risers as it boasts “exciting high grade results”
A look at some of the biggest risers and fallers in London on Tuesday.
Hammerson gains after Deutsche Bank resumes coverage with 'buy' rating after Intu deal scrapped
Deutsche Bank said the termination of Hammerson's takeover deal with Intu ends a period of "transactional uncertainty" for retail landlord shareholders
Intu terminates Hammerson deal, believes in its stand-alone commercial future
Intu said it believes that “there is no realistic prospect” that all conditions would be satisfied
Hammerson's U-turn welcomed by brokers but "orphaned" Intu is left in the cold
Hammerson's board does not come out well after the recent bid merry-go-round involving Kleppiere and Intu Properties but in the end it made the right decision, most brokers think
Hammerson calls off Intu takeover, citing tough retail market and shareholder pressure
Hammerson had received opposition to its takeover bid for Intu from a number of shareholders
Enteq flows higher as oil sector rebound boosts latest full-year results
Oil prices have recovered over the past year which has led to companies setting up more rigs; good news for Enteq, an oilfield services provider
Investments and investor services
FTSE 100 closes firmly higher as metals prices, sterling help
FTSE 100 gained support from higher metals prices and a slide in sterling on Wednesday to close higher
Top Hammerson shareholder set to vote against Intu takeover
Dutch pension fund APG, which owns a 7.2% stake in Hammerson, said the proposed £3.4bn takeover of Intu doesn’t take into account the current state of the UK high street
French real estate group Klepierre gives up on attempt to buy Hammerson
Klepierre said Hammerson "did not provide any meaningful engagement" with respect to its increased offer
Hammerson says “unanimously rejected” revised bid proposal from French property giant Klépierre
The FTSE 250-listed real estate investment trust said the revised proposal of 635p per Hammerson share, comprised 50% in new Klépierre shares and 50% in cash
Hammerson sees little impact from retail struggles as it puts Intu merger plans on hold
Hammerson has delayed a deal to buy UK rival Intu while the position of Klepierre, the French shopping centre firm wants to buy the company, "remains unclear"
Investments and investor services
FTSE 100 closes higher as traders await US interest rate decision
The Footsie has been in consolidation mode for most of the day
Hammerson shares leap as Klepierre says property firm rejected its bid "in less than 24 hours"
In a statement confirming media speculation, Klepierre said its 615p a share offer, which represents a premium of around 40.7% to Hammerson's closing price last Friday, was made on March 8
Investments and investor services
FTSE 100 closes nearly 1.7% lower as Brexit deal strengthens sterling
FTSE 100 closed down 121 points at 7,042, joining other European benchmarks, which saw red
FTSE 100 heats up ahead of chilly weekend
The top-share index rallied in the afternoon session to close at 7,164, up 24 points on the day
Hammerson hammered by Credit Suisse downgrade
Goldman Sachs has added Hammerson to its "conviction buy" list but Credit Suisse, after running the rule over the shopping centres owned by Hammerson and its proposed merger partner, Intu, is less impressed
Investments and investor services
FTSE 100 closes higher as Dow Jones climbs after host of data
Britain's blue chip index closed up around seven points, or 0.10%, at 7,139..
Investments and investor services
Cineworld and Savills financial results in the spotlight for Thursday
Investors will be looking to Cineworld for news of asset integration, whereas for Savills results the attention will be on its battle for market share.