New strategy kicks in to lift Hammerson's profits

Article Abstract:

A change in management style at Hammerson has begun to have a positive impact on the company's financial performance. It saw a 22% rise in underlying profits to 64.3 million pounds sterling in the year to Dec 1995, with net asset values rising 0.3% to 376p. Retail property accounts for almost 60% of its portfolio, and it has seen strong demand for space in high profile shopping centres. Some 45% of its properties are abroad.

Hammerson Property Group

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MEPC's purchases raise half-year profits to 60m pounds sterling

Article Abstract:

MEPC saw pre-tax profits rise by 25% to 60 million pounds sterling in the six months to Mar 1995, and now looks set to meet its targets for the full financial year. It is moving out of office buildings and towards the retail sector, and has benefited from a rise of 16.6 million pounds sterling in its annual rent roll to 129.2 million pounds sterling. Recent purchases include Park Royal Leisure Park in Acton, west London.

MEPC PLC

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Raglan activity pays off as profits rise to 4.2m pounds sterling

Article Abstract:

Raglan saw pre-tax profits rise by 36% in the six months to Sep 1995 to 4.2 million pounds sterling, and is now expected to achieve profits of around 3 million pounds sterling for the year to Mar 1996. The company's financial performance was boosted by property trading profits of 3 million pounds sterling. It purchased five properties during the period, and plans to expand further through acquisition.

Raglan Property Trust PLC

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