Half Year Results 

Shaftesbury resilient amid retail gloom

Shaftesbury resilient amid retail gloom

Shaftesbury’s (SHB) focus on London’s West End provided decent insulation against the wider slowdown weighing on the retail property sector in its half-year to March. Net property income rose 5.2 per cent to £48.6m in the period, although a much lower boost from the revaluation of the investment portfolio depressed pre-tax profits.

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