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Hammerson posts lower rental income, sheds stakes in European shopping centres

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By Reuters
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(Reuters) – British shopping centre operator Hammerson Plc <HMSO.L> reported lower first-half net rental income on Monday, and said it sold stakes in two shopping centres in Europe for 423 million pounds.

The owner of the Brent Cross shopping centre in London said rentals were hurt by an increase in store closures across Britain and Ireland.

(Reporting by Samantha Machado in Bengaluru; Editing by Saumyadeb Chakrabarty)