Hammerson set to crash out of FTSE 100 due to sharp competition from e-commerce

Hammerson set to crash out of FTSE 100 due to sharp competition from e-commerce
 

While Hammerson has been hit by strong competition from online retailers and falling high-street sales, Royal Mail is cashing in on e-commerce growth.
Hammerson manages 58 shopping centres in the UK, Ireland and France, including Bicester Village in Oxfordshire, Birmingham’s Bullring and Brent Cross in London.
Russ Mould, investment director at AJ Bell, said the group, which reports full-year earnings on Monday, has seen its shares drop 20 per cent in the last year: “Trading conditions for bricks-and-mortar retailers remain tough, amid sluggish wage growth and persistent doubts over the UK... read more

 
25 February 2018 in Business, Views: 51
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