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Brent Cross: Here’s Why Hammerson Share Price Soared 5% Today

Practice Stock Trading
Updated: 30 September 2020

Shares of Hammerson (LON: HMSO) soared nearly 5% on Wednesday after the owner of Brent Cross shopping center hired Rita-Rose Gagné as its new chief executive.

Gagne is the former Canadian president of growth markets at a real estate firm Ivanhoé Cambridge.

“I am delighted that Rita-Rose will join Hammerson as our next chief executive. She has an excellent track record in international real estate investment, building high-quality teams, developing strategic partnerships, execution and delivering results. Hammerson chairman Robert Noel said.

Gagne spent 14 years at Ivanhoé Cambridge, where she joined after working in the property sector in the UK, France and Germany.

She will succeed current chief executive David Atkins, who left just a few days after the shopping centre operator raised nearly £800 million to improve its liquidity.

Here’s Why Hammerson Share Price Soared 5% Today

The embattled Bullring owner has witnessed its shares plunge by over 80% during the past year. Hammerson share price trades at 15.70p.