×
1 186
Fashion Jobs
LAIDBACK LONDON
Digital Marketing Manager
Permanent · HARROW
MARSHALLS
70118-lp Detective
Permanent · Banning
ESTÉE LAUDER
Clinique - Consultant - Boots, Watford - 22.5 Hours - Part Time, Permanent
Permanent · Watford
ESTÉE LAUDER
Tom Ford Beauty - Digital Marketing Executive
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 6 Hours - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Boots st Albans- 22.5 Hours - Permanent
Permanent · St Albans
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Oxford Street London - 15 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Tom Ford - Business Manager - Fenwick - Bracknell - 37.5 Hours - Full-Time, Permanent
Permanent · Bracknell
ESTÉE LAUDER
Clinique - Consultant - John Lewis, High Wycombe - 16 Hours - Part Time, Permanent
Permanent · High Wycombe
ESTÉE LAUDER
Clinique - Consultant - Moores, Coleraine - 12 Hours - Part Time, Permanent
Permanent · Coleraine
ESTÉE LAUDER
Clinique - Consultant - Boots, Barnstaple - 7.5 Hours - Part-Time, Permanent
Permanent · Barnstaple
ESTÉE LAUDER
Clinique - Consultant - Boots, Sedley Place - 37.5 Hours - Full Time, Permanent
Permanent · London
NIKE
HR Operations Consultant, London
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots - Cribbs Causeway, Bristol - 7.5 Hours - Part-Time - Permanent
Permanent · Bristol
ESTÉE LAUDER
Clinique - Consultant - Boots Kingston - 15 Hours - Permanent
Permanent · Kingston upon Thames
ESTÉE LAUDER
Clinique - Consultant - House of Fraser, Norwich - 30 Hours - Full Time, Permanent
Permanent · Norwich
ESTÉE LAUDER
Clinique - Consultant - Boots, Milton Keynes - 14 Hours - Part Time, Permanent
Permanent · Milton Keynes
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, Boots - Fort Kinnaird - 11.5 Hours - Part Time - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Stockton, Boots Teeside - 22 Hours - Part Time - Permanent
Permanent · Stockton-on-Tees
ESTÉE LAUDER
Clinique - Consultant - Boots, Uxbridge - 7.5 Hours - Part Time, Permanent
Permanent · Uxbridge
ESTÉE LAUDER
Clinique - Consultant - Boots Stratford City e20 - 7.5 Hours - Permanent
Permanent · London
ICEBREAKER
Key Account Manager
Permanent · LONDON
Advertisements
By
Reuters API
Published
Aug 5, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Hammerson H1 profit rises slightly, but footfall woes linger

By
Reuters API
Published
Aug 5, 2021

British mall operator Hammerson on Thursday reported a 14% rise in half-year adjusted profit thanks to a retail recovery following the easing of lockdowns and lower costs, but warned that footfall was yet to rebound to pre-pandemic levels.


Reuters



The British government in June extended a ban on commercial evictions until March 2022, even as mall operators heavily exposed to non-essential retail tenants were battered by months of COVID-19 lockdowns.

Landlords have been forced to rework rental agreements and offer concessions on plunging demand and asset valuations, while a recent spike in COVID-19 cases has brought back restrictions in some places including France, where Hammerson has operations.

The debt-laden firm's adjusted earnings rose to £20.1 million ($27.90 million) for the six months ended June 30, from £17.7 million a year earlier.

IFRS loss narrowed to £376 million from £1.09 billion in the pandemic-hit comparable period in 2020. In 2019, Hammerson reported £107.4 million in adjusted earnings and £319.8 million in IFRS loss.

"We are focused on continuing to de-lever the balance sheet through disposals of non-core assets, creating a leaner and more agile organisation," Chief Executive Officer Rita-Rose Gagné said in a statement.

The firm said half-year EPRA net tangible assets per share, a key metric for the sector, fell 16% to 69p, adding that footfall was averaging at 75% of 2019 levels.

© Thomson Reuters 2021 All rights reserved.