Advertisement
UK markets close in 5 hours 46 minutes

  • FTSE 100

    8,112.53
    +33.67 (+0.42%)
     

  • FTSE 250

    19,837.04
    +235.06 (+1.20%)
     

  • AIM

    755.72
    +2.60 (+0.35%)
     

  • GBP/EUR

    1.1657
    0.0000 (0.00%)
     

  • GBP/USD

    1.2511
    +0.0000 (+0.00%)
     

  • Bitcoin GBP

    51,552.60
    +482.43 (+0.94%)
     

  • CMC Crypto 200

    1,391.13
    -5.41 (-0.39%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CRUDE OIL

    83.84
    +0.27 (+0.32%)
     

  • GOLD FUTURES

    2,361.60
    +19.10 (+0.82%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,041.05
    +123.77 (+0.69%)
     

  • CAC 40

    8,032.98
    +16.33 (+0.20%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

BUZZ-UK retail landlords: valuations looking stretched-Barclays

Reuters - UK Focus

** London-listed retail landlords Hammerson & Intu Properties under pressure after strong runs as Barclays (LSE: BARC.L - news) issues relatively bearish note

** Hammerson - up 20 pct in last yr - down 1.6 pct, top FTSE 100 faller & Intu - up 28 pct in last 12 mths - down 1.2 pct, with Barclays seeing limited upside for the pair given current valuations

** Broker says while outlook for retail sales & hence rental growth for landlords looks good for upcoming year, with yields at record lows & a poor track record of rental growth, it believes forward-looking returns are low

** Barclays downgrades Intu to "underweight" vs "equal-weight", keeps "equal weight" on Hammerson (Other OTC: HMSNF - news)

** Oriel cuts Hammerson to "reduce" vs "hold", on valuation grounds (RM (LSE: RM.L - news) :esha.vaish.thomsonreuters.com@reuters.net; RM: tricia.wright1.thomsonreuters.com@reuters.net)