Shares in Hammerson ended Thursday at their highest level since last summer after the company said profit is likely to come in markedly ahead of expectations.
The company told investors in December that it expected adjusted profit for 2021 to come in at £60m, up from £36.5m a year earlier but still notably down on 2019’s £214m.
This morning, Hammerson said that after “a period of improved trading”, adjusted profit should be between £75m and £80m.
Its shares rose by 4.8% to 39.37p, their highest since last July. That made the stock one of the best-performing in the sector today, and the fourth-sharpest rise across the FTSE 350 index.
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