An American activist investor has increased its stakes in Hamerson at a time when it was already under pressure from shareholders.
Elliott Capital Advisors took a position of 1.5% in Hammerson on Friday and yesterday it increased that to 1.73%.
It was not clear what Elliott’s intentions were, but Hammerson, the shopping centre owner that will face shareholders at its annual meeting today, is looking vulnerable after pulling out of a plan to merge with Intu Properties, a rival, in a £3.4bn all-share deal.
