Hammerson shares fall on news of strategy review

By Frances Ivens2018-07-03T07:00:00

Hammerson shares fell 0.34% on Monday to 520.8p after news broke that the company had appointed McKinsey to launch a strategy review in the wake of its failed takeover bid for rival intu and its own approach from Kleppiere.

On Monday the Times claimed Hammerson chief executive David Atkins appointed global management consultant McKinsey & Company to review the retail property giant’s strategy around a month ago to advise on global retail and consumer trends.

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