Hammerson statement spooks investors

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Hammerson statement spooks investors

The price of shares in FTSE 250 REIT Hammerson (LON:HMSO) slipped 5.55% to 60.62p (as of 12:10 BST) after the firm confirmed press reports that it was in talks regarding a possible disposal of its 50% stake in VIA Outlets. The company did not provide any details of the discussions, but said that it was taking proactive measures to manage cash flow and its cost base.

Management said that footfall and rent collection had improved since reopening flagship locations across Europe, though rates are still low and the firm is considering raising cash via an equity issue.

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