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Pin to quick picksHammerson Share News (HMSO)

Share Price Information for Hammerson (HMSO)

London Stock Exchange
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Share Price: 27.38
Bid: 27.36
Ask: 27.48
Change: 0.08 (0.29%)
Spread: 0.12 (0.439%)
Open: 27.72
High: 27.72
Low: 27.20
Prev. Close: 27.30
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UK WINNERS & LOSERS SUMMARY: Travel, Retail Firms Dive On Tier 4 Rules

Mon, 21st Dec 2020 10:38

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.

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FTSE 100 - WINNERS

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Ocado, up 4.1% and Just Eat Takeaway.com, up 3.0%. The two stocks - both involved in the business of delivering food, the former an online grocer and the latter a takeaway platform - are poised to gain from tighter restrictions in the UK. On Saturday, UK Prime Minister Boris Johnson announced that from Sunday, areas in the South East currently in Tier 3 will be moved into a new Tier 4, effectively returning to the lockdown rules of November, after scientists said a new coronavirus variant is spreading more rapidly. Non-essential shops, gyms, cinemas, hairdressers and bowling alleys have been forced to close for two weeks – with people being restricted to meeting only one other person from another household in an outdoor public space.

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FTSE 100 - LOSERS

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International Consolidated Airlines, down 11%. The emergence of a new Covid-19 strain, leading to tighter restrictions in the south east of England and to other countries closing their borders to the UK, heaped pressure on the British Airways owner.

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Royal Dutch Shell, 'A' and 'B' shares down 5.5% and 5.9% respectively. The oil major said it expects charges of up to USD4.5 billion due to impairments, asset restructuring and onerous contracts in the fourth quarter. For Integrated Gas, production is expected to be between 900,000 and 940,000 barrels of oil equivalent per day in the fourth quarter. LNG liquefaction volumes are expected to be between 8.0 and 8.6 million tonnes. In Upstream, production is expected to be between 2.3 million and 2.4 million barrels of oil equivalent per day. The unit is expected to post an adjusted loss in the current price environment, the firm said. Post-tax charges, in total, between USD3.5 billion to USD4.5 billion in relation to impairments, asset restructuring and onerous contracts are expected in the fourth quarter.

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FTSE 250 - LOSERS

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Hammerson, down 13%. As well as the travel sector, the retail industry was coming under pressure on Monday, with shares in shopping centre owner Hammerson falling. "Tier 4 restrictions could be catastrophic for retailers and lead to the demise of further companies in what is already a fragile sector," said Russ Mould at AJ Bell.

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Frasers Group, down 11%. The Sports Direct and House of Fraser owner said it has withdrawn its guidance for its current financial year due to the closure of non-essential retail in London, the south east and the east of England. The sports equipment and clothing retailer said the new restrictions enacted during the peak trading period and combined with the high likelihood of further lockdowns nationwide over the coming months means it can no longer commit to its guidance of a 20% to 30% improvement in underlying earnings before interest, tax, depreciation, and amortization for its financial year ending April 2021.

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OTHER MAIN MARKET AND AIM - WINNERS

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Kibo Energy, up 9.7%. The energy company said its UK subsidiary Sloane Developments Ltd has progressed the acquisition of the 9 megawatts flexible gas power project. Kibo said the latest progress is based on the parties making their reciprocal due diligence investigations, which have now reached the point where the parties are in the process of finalizing a definitive share purchase agreement. Sloane is seeking listing on the London Stock Exchange, after which it will be renamed Mast Energy Developments Projects PLC. Admission will be accompanied by an initial public offering, which will seek to raise sufficient funds to complete the acquisition. Kibo intends to maintain a strategic interest in Mast post the initial fundraise and admission of at least 51% ensuring continued upside from future developments.

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OTHER MAIN MARKET AND AIM - LOSERS

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Premier Oil, down 12%. Berenberg cut the oil and gas company to Sell from Hold.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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9 Jun 2023 10:23

Barclays double upgrades Hammerson to 'overweight'

(Sharecast News) - Barclays upgraded Hammerson on Friday to 'overweight' from 'underweight' and lifted the price target to 30p from 25p.

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9 Jun 2023 09:38

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4 May 2023 17:29

Lighthouse fails to install two appointees on Hammerson board at AGM

(Alliance News) - Hammerson PLC on Thursday faced shareholder dissent at a heated general meeting that saw a major holder fail to put its representatives on the board.

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27 Apr 2023 15:49

UK shareholder meetings calendar - next 7 days

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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25 Apr 2023 11:06

IN BRIEF: Hammerson quarterly rental income rises on "robust" leasing

Hammerson PLC - London-based property development and investment company - For the three months ended on March 31, says like-for-like gross rental income growth is up 5%, reflecting "robust leasing, car parking and commercialisation performance". Like-for-like net rental income growth is also up 5%. Says it benefits from solid collections, which stand at 92%. For financial 2022, it stood at 96%. Hammerson notes 61 leases have been signed to date, representing GBP9 million of rent. Says value retail has seen a strong start to the year, with spend per visit up 3%.

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25 Apr 2023 08:20

Strong footfall boosts sales, income for Hammerson in Q1

(Sharecast News) - Shopping centre owner Hammerson on Tuesday reported a 5% rise in first-quarter rental income on higher footfall.

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14 Apr 2023 16:03

PRESS: Two investors back Hammerson amid proxy battle

(Alliance News) - Two shareholders have come out in support of Hammerson PLC, Sky News reported on Friday.

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14 Apr 2023 13:43

Major investors back Hammerson in row with Lighthouse

(Sharecast News) - Two major investors have come out in support of shopping centre owner Hammerson amid demands from its biggest shareholder to speed up asset sales and resume dividend payments.

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4 Apr 2023 15:11

UPDATE: Hammerson says Lighthouse demands are "value destructive"

(Alliance News) - Hammerson PLC on Tuesday backed its leadership and hit out at shareholder Lighthouse Properties PLC, who called for a strategy change.

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4 Apr 2023 13:16

PRESS: Hammerson shareholder demanding strategy change ahead of AGM

(Alliance News) - Hammerson PLC faces pressure from one of its major shareholders to change strategy, Sky News reported on Tuesday.

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4 Apr 2023 11:44

Hammerson shareholder pushing for strategy change - report

(Sharecast News) - Shopping centre owner Hammerson is reportedly facing demands from its biggest shareholder to accelerate asset sales and resume dividend payments ahead of its annual meeting next month.

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3 Apr 2023 08:50

IN BRIEF: Hammerson finishes disposal of Italie Deux and Italik

Hammerson PLC - London-based property development and investment company - Completes selling 25% stake in Italie Deux, shopping centre in central Paris, and 100% of Italik extension for EUR164 million to Ingka Centres via a simultaneous exchange and completion. Says the exit marks the continued progress in the simplification of its portfolio. The proceeds will further strengthen the balance sheet and reduce net debt.

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3 Apr 2023 07:03

Hammerson offloads Paris shopping centre interests for €164m

(Sharecast News) - Hammerson said it had sold its 25% stake in Italie Deux, a shopping centre in central Paris, and all of a separate extension for €164m to IKEA owner Ingka Centres.

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22 Mar 2023 09:22

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(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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