Global Malls Giant Shrugs Off Retail Gloom

The global malls giant that took over Westfield, and is now known as Unibail-Rodamco-Westfield, has weathered challenging retail conditions to increase its rental income, post an increased interim profit and lift its 2019 earnings guidance. The half-year result is a strong contrast to Unibail’s 2018 full-year report six months ago, when a disappointing contribution from the former Westfield portfolio to earnings sent its stock tumbling. Read more at Australian Financial Review.