What: Hammerson announces H1 financial figures.

Why it is important: Hammerson maintains its operational activities and is on track for its cost reduction and disposal targets.

Hammerson’s revenues rose 8% despite having reported a net loss of the GBP 1.2 million in the last 6 months.

The company's performance in terms of footfall and like-for-like sales have remained strong, showing a promising 4% year-on-year increase. Additionally, leasing deals concluded in this period have contributed to a growth in headline rent, which reached GBP 18.3 million, marking a 13% rise.

The group portfolio value has fallen to GBP 4.7 billion from GBP 5.1 billion last year, but its values remained broadly stable.

Malls giant Hammerson reports “strong” first half