Come and join us on 6 July and hear 4 AIM CEO’s speak. Brad George, Orosur CEO updates us on Colombia’s Tier-1 gold mine potential, Cliff Gross, CEO at Tekcapital explains how investors benefit from a special dividend. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHammerson Share News (HMSO)

Share Price Information for Hammerson (HMSO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 39.04
Bid: 39.03
Ask: 39.06
Change: -0.41 (-1.04%)
Spread: 0.03 (0.08%)
Open: 39.73
High: 39.73
Low: 38.61
Yest. Close: 39.45
HMSO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Hammerson sees encouraging footfall rebound as shops reopen

Tue, 20th Apr 2021 07:58

(Sharecast News) - Shopping centre owner Hammerson on Tuesday appointed a new finance director and reported an encouraging rebound in footfall at its English malls after a partial easing of Covid-19 curbs this month.
The company said Himanshu Raja, who was previously finance head at real estate agent Countrywide, would replace James Lenton as chief financial officer.

"Initial footfall recovery in England is encouraging, and around 90% of operators are currently able to trade," Hammerson said in a trading update.

"Footfall is competitive with pre-pandemic levels. Across a seven-day average, footfall at our flagships is around four-fifths of that achieved in the same week in April 2019. This is an improvement of approaching 50% points on reopening in June 2020."

In Scotland, around 30% of occupiers are currently trading, ahead of the current anticipated re-opening on April 26, Hammerson added.

Market conditions "remained challenging" since a results update last month. At group level, 40% of second quarter rent due had been received to date, with the UK collecting 48%, France 23%, and Ireland 34%. An aggregate 46% of first-half rent due has been received.

The company, which owns Birmingham's Bullring shopping centre and Bicester Shopping Village, has been overhauling its business and selling some of its portfolio as it tries to fix its balance sheet. The company reported a £1.7bn loss in 2020.

The Covid-19 pandemic, which forced the shuttering of non-essential shops during several lockdowns in the past year, has magnified the problems of the physical store model retail industry as online competition grows.

Many of the regions where Hammerson operates, including France and Ireland, are still facing restrictions but the company said it expected rent collections to improve this year as restrictions ease.

"All of our French occupiers would benefit from one of the three proposed state aid packages to support rent and fixed costs," the company said.

"It is likely most would wait until the third and most expansive package is passed later this year. We therefore do not expect operational performance in France to materially improve until the second half of the year."

"Having endured the longest lockdown in Europe, in Ireland recent positive Covid data and vaccination trends have enabled the Irish government to indicate a roadmap to reopening non-essential retail, leisure and hospitality in early May with easing of restrictions coming as soon as late May or early June."

More News

LIVE MARKETS-UK reopening optimism

* Choppy markets ahead of Powell* STOXX 600 up 0.1%* Autos, banks fall while real estate outperforms* Bitcoin falls below $30,000June 22 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your ...

22 Jun 21 13:49

LIVE MARKETS-Buy banks, sell cyclicals

* Choppy markets ahead of Powell* STOXX 600 up 0.1%* FTSE main benchmarks making gains* Autos, banks fall while real estate outperformsJune 22 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share...

22 Jun 21 12:48

LONDON MARKET MIDDAY: Oil majors and landlords keep FTSE 100 in green

LONDON MARKET MIDDAY: Oil majors and landlords keep FTSE 100 in green

22 Jun 21 12:08

LIVE MARKETS-UK landlords party

* Choppy markets ahead of Powell* STOXX 600 flat* FTSE main benchmarks making gains* Autos, banks fall while real estate outperformsJune 22 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share yo...

22 Jun 21 11:48

Hammerson to redeem in full its EUR500.0 million notes early July

Hammerson to redeem in full its EUR500.0 million notes early July

4 Jun 21 09:43

Hammerson receives EUR575 million in acceptances for bonds

Hammerson receives EUR575 million in acceptances for bonds

1 Jun 21 15:01

UPDATE: Hammerson announces amount of acceptances for tender offer

UPDATE: Hammerson announces amount of acceptances for tender offer

27 May 21 18:07

Hammerson issues sustainability linked bonds to repay existing debt

Hammerson issues sustainability linked bonds to repay existing debt

27 May 21 09:44

Hammerson launches tender offer for EUR1 billion in bonds

Hammerson launches tender offer for EUR1 billion in bonds

20 May 21 13:11

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

6 May 21 15:53

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

27 Apr 21 16:09

BROKER RATINGS: Legal & General, Informa upgraded while Bunzl gets cut

BROKER RATINGS: Legal & General, Informa upgraded while Bunzl gets cut

27 Apr 21 09:40

TOP NEWS: Hammerson exits UK retail parks with GBP330 million sale

TOP NEWS: Hammerson exits UK retail parks with GBP330 million sale

21 Apr 21 13:48

Hammerson sells retail parks for £330m

(Sharecast News) - Hammerson has sold seven retail parks to Canada's Brookfield for £330m in a deal that completes the group's exit from owning retail parks.

21 Apr 21 13:27

TOP NEWS: Hammerson names new CFO; second quarter rent below 50%

TOP NEWS: Hammerson names new CFO; second quarter rent below 50%

20 Apr 21 09:21

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.