Liberty International has posted a 4% rise in net asset value, despite fears of a high street slowdown. Daily Telegraph. The Times. Financial Times

David Fischel, Liberty chief executive, said: ‘We have had no problem with the flooding. In fact the bad weather has helped increase footfall in our centres.’

Among Liberty’s centres are the MetrocCentre in Gateshead and the £1.3bn Lakeside in Thurrock. The shares closed down 59 at £10.26.