Hammerson (HMSO)

Sector:

Property Investment Trusts

Index:

FTSE 250

28.32p
   
  • Change Today:
    -0.18p
  • 52 Week High: 29.78
  • 52 Week Low: 20.90
  • Currency: UK Pounds
  • Shares Issued: 4,989.26m
  • Volume: 3,296,790
  • Market Cap: £1,412.96m
  • RiskGrade: 385

Shopping centre revival fuels rise in UK shopping visits - survey

By Sean Farrell

Date: Monday 15 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Weekly retail footfall in the UK rose 7%, suggesting pent-up demand among shoppers during the third Covid-19 lockdown, a survey showed.


Footfall rose on five days in the week to 13 March, led by shopping centres, Springboard said.

Visits to shopping centres rose 9.8% compared with 6.9% for retail parks and 5.7% for high streets. Shopping centres have been the hardest-hit of the three venues during the pandemic because of fewer food stores and their more confined space.

Overall the increase was the seventh in the past eight weeks, indicating a rising desire to shop with non-essential stores closed. The government is aiming to let all shops reopen on 12 April.

English shoppers were behind the national increase with an 8% gain compared with declines of less than 2% in each of Wales, Scotland and Northern Ireland.

Diana Wehrle, Springboard's insights director, said: "With non-essential stores still closed, the steady increase in visits to high streets and shopping centres delivers further evidence of the degree of pent-up demand amongst consumers to return to stores."

Central London footfall rose 14.3%, the biggest gain in the survey, but the city's footfall was still 78% down on a year earlier, reflecting the hammering London's retailers have suffered.

Cities excluding London rose 2.3% on average. All types of town and city had an increase except coastal towns, which dropped 7.9%.

Shares of Hammerson, which owns shopping centres such as Brent Cross in London and Birmingham's Bullring, rose 6.7% to 37.3p at 12:06 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Hammerson Market Data

Currency UK Pounds
Share Price 28.32p
Change Today -0.18p
% Change -0.63 %
52 Week High 29.78
52 Week Low 20.90
Volume 3,296,790
Shares Issued 4,989.26m
Market Cap £1,412.96m
RiskGrade 385

Hammerson Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.48% above the market average38.48% above the market average38.48% above the market average38.48% above the market average38.48% above the market average
76.92% above the sector average76.92% above the sector average76.92% above the sector average76.92% above the sector average76.92% above the sector average
Price Trend
40.46% above the market average40.46% above the market average40.46% above the market average40.46% above the market average40.46% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Income
72.58% above the market average72.58% above the market average72.58% above the market average72.58% above the market average72.58% above the market average
28.00% above the sector average28.00% above the sector average28.00% above the sector average28.00% above the sector average28.00% above the sector average
Growth
24.39% below the market average24.39% below the market average24.39% below the market average24.39% below the market average24.39% below the market average
7.14% above the sector average7.14% above the sector average7.14% above the sector average7.14% above the sector average7.14% above the sector average

What The Brokers Say

Strong Buy 2
Buy 4
Neutral 3
Sell 3
Strong Sell 3
Total 15
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Hammerson Dividends

  Latest Previous
  Final Interim
Ex-Div 04-Apr-24 24-Aug-23
Paid 10-May-24 02-Oct-23
Amount 0.78p 0.72p

Trades for 16-May-2024

Time Volume / Share Price
11:52 644 @ 28.32p
11:52 3,900 @ 28.32p
11:52 1,800 @ 28.32p
11:52 1,800 @ 28.32p
11:48 1,147 @ 28.30p

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