Hammerson’s stock has started this week in much the same vein as it finished the last – as one of the best performing shares anywhere in the FTSE 350 index.
Friday’s full-year results announcement saw new chief executive Rita-Rose Gagné offer investors some initial thoughts on turning around the company’s fortunes. A strategic review is likely to centre on disposals, she told EG, with “nothing off the table” in terms of which assets will be put on the block.
Hammerson’s shares topped the FTSE 350’s list of risers on Friday, up by 7% to 34.91p. Today they rose by a further 5.4% to 36.8p, a fresh high after last year’s share consolidation.
The most sizeable real estate fall was posted by Secure Income REIT, which fell by 3.3% to 336.5p.
The FTSE 100 finished the day at 6,749, a fall of 0.2%, while the FTSE 250 was at 21,522, up by 0.07%.
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