AARON GUY | COLLINS STEWART
They were slightly ahead of my expectations. Their UK portfolio went up and it was more than I expected but the French portfolio was in line with what I thought. Their results are more driven by the market than the company itself.
TINA COOK | CHARLES STANLEY
The outlook statement is tentatively positive for 2010, but Hammerson cautions that the high level of debt secured against commercial property and withdrawal of quantitative easing could dampen the level of capital growth going forward.
JOHN CAHILL | KBC PEEL HUNT
The results are better than I expected and are in line with indications from British Land. It has been widely experienced that capital value is coming back but how sustainable that is we are unsure. People have retrenched a bit because of uncertainty around the election.