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Hammerson profits nosedive 80% as it unveils plan addressing shareholder anger

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Hammerson is cutting down the size of its board and selling off its retail parks as part of the shopping centre giant’s new strategic plan in a bid to pacify angry shareholders. The Birmingham Bullring operator made the announcement alongside its half year results, which showed pre-tax profit plunging 80 per cent to £55.8 million over the six months to June 30. Revenue for the period was also down from £160.1 million to £152.5 million

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Hammerson profits nosedive 80% as it unveils plan addressing shareholder anger

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