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Hammerson and IAG stoke funding market back up after quiet July

Rights issues of a combined worth of around £3bn have been flagged from Hammerson PLC (LON:HMSO) today and International Consolidated Airlines Group PLC (LON:IAG) on Friday indicates the stock market continues to see bargains even in the most troubled of industries.  IAG, the owner of airlines from British Airways and Iberia to Vueling and Aer Lingus, is looking to drum up …

Tritax Big Box “confident” in divi growth despite coronavirus disruption

Tritax Big Box REIT PLC (LON:BBOX) said it is “impossible to know” how the coronavirus outbreak will hit business though its portfolio is occupied by a diversified customer base on long-term leases. The warehouse investor said it is “confident” in delivering growing dividends and set the target at 7p per share for 2020. In the year to 31 December, the net asset …

Coronavirus: Small biotechs buck market trend as search for lung infection relief intensifies

Amid the market carnage of the past weeks, one group of small caps has seen their share prices make steady upward progress. RedX Pharma PLC (LON:REDX), Synairgen PLC (LON:SNG), Faron Pharmaceuticals Ltd (LON:FARN) and Tiziana Life Sciences PLC (LON:TILS) all closed last night a lot higher than the start of February. The reason relates to the drugs the group are …

LSL Property Services drops bid for Countrywide

Estate agent LSL Property Services PLC (LON:LSL) has dropped plans to bid for rival Countrywide PLC (LON:CWD). No reason was given for the change of heart though Countrywide said its performance has softened “in recent days” due to the impact of coronavirus. READ: LSL Property Services and Countrywide confirm merger talks Agreed sales in January and February were ahead of …

Unite Group expects minor hit from coronavirus outbreak

Unite Group PLC (LON:UTG) said the coronavirus outbreak has not caused a “noticeable impact” on sales for the next academic year, with reservations currently sitting at 77%. The student accommodation firm has cut the summer programme, which accounts for 3% of rental income, and does not expect a material hit on earnings. The FTSE 250-listed firm said it has implemented …

easyHotel warns of booking reductions as coronavirus forces countries into lockdown

‘Super budget’ hotelier easyHotel PLC (LON:EZH) has warned that it is experiencing “a reduction in its forward bookings” for the next three months as the coronavirus outbreak cut down both domestic and international demand. In an update on Monday, the AIM-listed firm said the reductions were expected to “adversely impact occupancy levels” at its hotels in the UK and Europe, …

Berkeley Group cancels extra £455mln cash payout

Berkeley Group Holdings PLC (LON:BKG) has shelved its extra £455mln shareholder payout “until there is greater clarity” about the impact of coronavirus on UK economic activity. The FTSE 100 housebuilder had only announced the mix of extra dividends and share buybacks in late January, promising a £500mln payment at the end of this month. But on Thursday morning Berkeley said …

Quiet Friday for company news as US coronavirus travel ban due to come into effect

The corporate news calendar is looking positively barren for Friday as markets and the world continue to reel from the fallout of the ever-worsening coronavirus pandemic. Friday will be when Donald Trump’s Schengen area European travel ban comes into effect for one month, a move that is likely to pile further pressure on airlines and travel companies who have already been …

OnTheMarket fires chief executive with immediate effect

Online estate agent OnTheMarket PLC (LON:OTMP) has sacked chief executive Ian Springett with immediate effect. Christopher Bell, chairman, said OTM’s aim is to build a strong, agent-backed, profitable and technology-enabled business. “To continue our progress toward this objective and take OTM forward through the next phase of its corporate development, the board believes now is the right time to appoint a new …

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