Hammerson’s losses ease as UK and European economies rebound
CEO Rita-Rose Gagné says the landlord will sell some of its noncore assets to build up its cash balance
05 August 2021 - 11:27ALISTAIR ANDERSONHammerson, a landlord that owns malls in the UK and Western Europe, says its profit for the six months to June grew 14% as the markets in which it operates opened up after going through the worst of the Covid-19 pandemic.
The real estate investment trust (Reit) reported on Thursday that it had earned an adjusted profit of £20.1m (R402m) for the six months to June 2021, 14% higher than the £17.7m it earned in the six months to June 2020. ..BPremiumThis article is reserved for our subscribers.
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Mother reunited with baby after kidnapping
A 7-month-old baby has since been safely returned to his mother after a hijacking in Cape Town on Monday.
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Hammerson needs to muscle up to buy CapcoThe company should make an offer for Capital & Counties, the owner of London’s Covent Garden
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