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2018-02-23

Financial Times: "Hammerson likely to be axed from FTSE 100"


Link to web site

"Hammerson owns shopping centres in the UK, Ireland, and France, including the Brent Cross shopping centre in London.

"Russ Mould, investment director at AJ Bell, said:
"In the mind of [those bearish on the shares], this leaves the company exposed on two fronts.

First, trading conditions in the UK for bricks-and-mortar retailers remains tough, as wage growth remains sluggish, the UK savings ratio is low, and doubts persist about how the British economy will fare after Brexit.

Second, competition from online rivals remains as fierce as ever, and many retailers are finding themselves with too much floor space, prompting fears over weak rent reviews and rising vacancies."



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