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Wednesday 17 January 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares



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Hammerson to buy Intu - shopping centre madness?

2017-12-07 01:35:50

Bizarre news of the day among the larger cap stocks on Wednesday was undoubtedly the announcement that property behemoth Hammerson (HMSO) was buying shopping centre peer Intu (INTU) with a £3 billion+ all share (naturally) offer which creates a 'top three pan-European REIT' (real estate investment trust) with £21 billion of property baggage on its book. And, yes, you have guessed it, the transaction will be earnings accretive despite synergy levels (£25 million) that are more like a rounding error.

Hammerson's Share Price Could Benefit as We Still Shop Till We Drop

2017-11-08 01:17:59

Hello, Share Throwers. They tell me that shopping centres are not in favour as much as they used to be. Perhaps it’s because we’re beginning to adopt the irritating American habit of calling them malls. But it’s more likely to be the advance of internet selling. However, the public will never abandon the strong British pastime of real shopping. And so I believe the present level of popularity will hold fast and may even improve. And it will if we ever, as a society, find ourselves with more leisure time. Technology hasn’t done the trick so far, but it might do.

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