Finance

Shaftesbury boss upbeat despite half-year losses

By 2021-05-25T07:36:00

Brian Bickell of Shaftesbury

West End property group Shaftesbury has said it is “well-positioned for gradual recovery and sustainable growth” despite suffering increased losses and value declines during the pandemic.

Losses for the six months to 31 March widened to £338.5m, compared to £287.6m a year earlier, while the value of net tangible assets fell from £7.43 a share at the end of September to £5.83 six months later.

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