Hammerson has reported a drop in annual pretax profits from £94.5m to £89.2m.
The company revealed that the management had considered a buy-out last year when its shares were at their lowers but a recovery in the share price had shown the management were correct not to pursue the matter.
It plans to boost its holdings on the Continent this year. It has sold a Parisian office block to Munich Re for £101m.
Financial Times 06/03/01 page 26
The Daily Telegraph 06/03/01 page 36
The Times 06/03/01 page 26, page 28 (Tempus), page 30 (Results In Brief)
