Updates from Hammerson and Utility Warehouse


The FTSE 100 climbed just four points on Friday, ending at 6,663.6. That's up 92 points up on the week as a whole. Miner Fresnillo saw the biggest climb, up 5.31% to 971.50p while paper and packaging player Mondi also rose strongly, up 4.95% to 1028p.

The Dow Jones ended Friday almost 127 points up at 16,154.3, a 0.79% climb.

Let's commence with full year numbers from shopping centre and retail parks player Hammerson. It claims growth of 2.1% in like-for-like net rental income; it also claims an occupancy rate of 97.7%, exceeding its benchmark of 97%.

The final dividend is upped 8% with the total dividend for the year of 19.1 pence per share (2012: 17.7 pence). Hammerson claims it's on course to deliver strong growth in earnings and dividends in the medium term.

However chief exec David Atkins warns that in France the economic picture is less clear cut, "although personal debt levels remain low, providing the opportunity for a rebound in consumer spending when growth returns."

Next, an interim from Telecom Plus, also know as Utility Warehouse. It claims it's confident of reporting full year profits in line with market expectations. There's an intention to increase the total dividend by 13% to 35p for the current financial year (2013: 31p).

Opus Energy Group Ltd in which Telecom Plus has a 20% equity investment, is performing ahead of budget and is on track, Telecom Plus claims, to deliver record turnover and profits for the current financial year.

"The weather so far this winter has been exceptionally wet and mild," says the company. "Whilst this will reduce the average amount of energy used by our members (and therefore our reported revenues), it will not have a material impact on our profitability for the year."

We end with preliminary full year numbers from trading player Fidessa Group. Adjusted operating profit slips 2% to £41.6m while operating profit climbs 3% to £42.9m. There's no change in the annual dividend per share which remains at 37.0p.

Improving conditions in all customer markets is claimed while multi-asset revenues more than doubled as derivatives programs bear fruit Fidessa says. There's also a good base of new derivatives signings, including two large banks.

"We are seeing," says chief exec Chris Aspinwall, "continued improvement across the markets in which we operate and this is reflected in our current deal pipeline. As this improvement starts to take effect, it should gradually result in a reduction in the headwinds we face, allowing the growth we are generating through sales of our derivatives platforms."