Hammerson boosted as consumers return to shops
A rebound in in-person shopping and demand from retailers for new space has given a boost to struggling mall landlord Hammerson, pushing shares in the company up by almost 10 per cent.
Hammerson said on Tuesday that it expected adjusted earnings for the year to be £100mn or more, above analysts’ consensus estimates of £92mn as the number of shoppers visiting its centres in the UK, France and Ireland approaches pre-Covid levels.
The return of shoppers to physical stores is a welcome relief for Hammerson, which owns malls including the Bullring in Birmingham and Dundrum Town Centre in Dublin.
This story originally appeared on: Financial Times - Author:George Hammond
