Hammerson's share price rises on strategy change


Source: Shutterstock/Vectorfusionart

Hammerson’s shares rose 1% to 534p in early trading on Tuesday after the troubled retail property group announced it is exiting retail parks and will sell off £1.1bn assets by the end of 2019.

The strategy shift follows a review by management consultant McKinsey & Co, after Hammerson’s failed bid for rival intu earlier this year. 

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