Hammerson annual loss almost doubles

Hammerson annual loss almost doubles

Hammerson’s annual loss more than doubled as the value of its properties dropped and rental income plunged during the Covid-19 crisis. The shopping centre owner group reported an IFRS loss of £1.7bn for the year to the end of December compared with a £781m loss...
Renault sells Daimler stake for 1.14bn

Renault sells Daimler stake for 1.14bn

France’s Renault said on Friday that it has sold its entire stake in German car maker Daimler for around 1.14bn as it looks to pay off debt. The 1.54% interest was sold at 69.50 per share in a placement to investors by way of an accelerated bookbuilding process....
London pre-open: Stocks seen lower as investors digest GDP

London pre-open: Stocks seen lower as investors digest GDP

London stocks were to fall at the open on Friday as investors digest the latest UK GDP reading. The FTSE 100 was called to open 18 points lower at 6,719. Figures released earlier by the Office for National Statistics showed Britain’s economy contracted by a...
Friday newspaper round-up: Odey, Royal Mail, Barclays

Friday newspaper round-up: Odey, Royal Mail, Barclays

Football Index, the self-styled “football stock market”, appeared to be heading into administration on Thursday evening, five days after a massive crash on its market that left its customers with tens of millions of pounds trapped in its platform. If the...