This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Michael van Dulken, head of research at Accendo Markets, said the stalling of the deal was “bad news” for UK retail. Hammerson’s decision not to proceed was “hardly a vote of confidence in the sector”, he said, adding: “Hammerson shareholders are clearly welcoming the news of the company taking on less risk. Intu shareholders are evidently disappointed that a deal . . . is now off the table.”
“All eyes on UK CPI today, to see whether wages are indeed growing faster than prices for the first time in almost a year,” said Mike van Dulken at Accendo Markets. “This may lessen the squeeze on the consumers, but with inflation still well above target, it is unlikely to deter the Bank of England from hiking interest rates in May.”
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research
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