Hammerson plunges as it withdraws guidance

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Hammerson plunges as it withdraws guidance
Master Investor Magazine

Master Investor Magazine 60

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Shares in FTSE 250 property firm Hammerson (LON:HMSO) slumped 17.92% to 70.18p (as of 12:30 GMT) as it said that it had received 37% of UK rent due for the second quarter. Management said that they expect the number to increase as temporary agreements are implemented.

The company has withdrawn its current guidance and said that it was too early to estimate the financial impact of the current disruption.

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