12 April 2021 | 08:29am
StockMarketWire.com - UK stocks opened lower on Monday, even as local restaurants, bars and other non-essential businesses began to reopen, as jitters remain globally about rising bond yields and lofty stock valuations.
At 0819, the benchmark FTSE 100 index was down 16.29 points, or 0.2%, at 6,899.46.
Shopping centre owner Hammerson climed 1.4% to 37.92p, having confirmed press speculation that it was in talks about a possible sale of its retail parks portfolio to Brookfield.
Pharmaceutical group AstraZeneca edged back 3.42p to £72.8358 after it said its diabetes drug Farxiga did not improve the condition of patients hospitalised with Covid-19 in a clinical trial.
12 April 2021 | 12:26pm
StockMarketWire.com - UK stocks were slightly lower by lunchtime on Monday, even as local restaurants, bars and other non-essential businesses began to reopen, with investor sentiment uncertain amid global jitters over rising bond yields and lofty stock valuations.
By lunchtime, London s blue chip benchmark index was down 22 points, or 0.32%, at 6,893.84, with high street names weakening on reopening day as investors decided to sell the fact .
Shopping centre owner Hammerson cheapened 2.4% to 36.5p after it confirmed press speculation that it was in talks about a possible sale of its retail parks portfolio to Brookfield.
Pharmaceutical group AstraZeneca edged 0.2% higher to £72.73 after it said its diabetes drug Farxiga did not improve the condition of patients hospitalised with Covid-19 in a clinical trial.
12 March 2021 | 14:18pm
StockMarketWire.com - Shopping centre owner Hammerson wrote down the value of its property portfolio to £6.3 billion in 2020 as the company posted the largest decline in net rental income in its history and disposed of some assets.
The company reported net rental income of £158 million in 2020, down 41% on a like-for-like basis excluding premium outlets, largely impacted by Covid-19 closures, tenant restructuring and higher provisions for bad debt and tenant incentives.
Its portfolio value fell from £8.3 billion in 2019 to £6.3 billion in 2020, while group capital return was negative 20.9%.
The group reported net proceeds from disposals totalling £328 million and said it will continue to target disposals .