Company
British Land Company PLC
LON:BLND
The British Land Company (British Land) manages, owns, finances and develops commercial property. Its focus is on the retail and office sectors.
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British Land to ramp up London lab space with Canada Water development
British Land will open 30,00 square feet of lab space in Canada Water in May, while it is also plans a new research facility for the area
British Land reports fall in accounting returns and NTA at half-year stage
The overall portfolio value fell 3.0%, with Campuses down 2.7% and Retail & Fulfilment down 3.6%, while estimated rental values (ERV) grew 1.2%, with Campuses up 1.6%, Retail Parks up 0.8% and Urban Logistics up 16.7%
Time for investors to go back into London offices, says broker
Derwent London gets an upgrade while British Land and Helical are buys, suggests Peel Hunt
British Land sells Paddington Central stake to Singapore fund for 1% below book value
The FTSE 100 group originally purchased three buildings and a 'cluster' of retail, leisure and developments sites next to Paddington station in 2013
British Land enters joint venture with AustralianSuper to develop Canada Water regeneration project
The transaction values the development project at £580mln
British Land recovery prospects still uncertain suggests Barclays
Target price rises to 500p, up from 450p, and based on significant NAV upgrades
British Land rent collections back to pre-pandemic levels
Canada Water and Aldgate Place, Phase 2, now had 718,000 sq ft of commitments, while 1 Broadgate is fully pre-let
Archive
Big caps to dominate in coming week with Royal Mail, Vodafone, Imperial Brands, British Land and SSE on the corporate calendar
Biffa and CMC Markets will also be among the key names on the schedule
British Land continues to reshape its property portfolio
British Land announced "£350mln of capital activity", offloading non-core assets and acquiring new ones in line with its focus on Campuses and Retail & Fulfilment
British Land consensus too bearish as UK retail property market turns a corner, says JP Morgan
The investment bank highlighted that there had been a recent “improvement in retail warehouse capital growth”, which makes up around 53% of British Land's retail portfolio
British Land retail parks close to pre-pandemic levels
"We have seen a notable improvement in activity across our markets"
Alan Sugar wants you back in the office, and shoring up his property portfolio
The billionaire baron recently implored city workers to return to their desks in a bid to "kick start" the local economy, which quite coincidentally could also boost the recovery of his private property group Amsprop
Land Securities and British Land upgraded as JP Morgan sees retail turning a corner
British Land’s mammoth 53-acre, 5m sq ft regeneration at Canada Water is a;also finally here.
British Land losses top £1bn for second year
The FTSE 100 business is regrouping around retail parks and campuses
Office landlords face grim future as quarter of UK firms plan to downsize
A new report from YouGov for HR tech firm Applaud indicated that 53% of businesses are planning to offer either remote or flexible working policies in the future, while 14% expect their staff to never return to the office
British Land says retail rents and collections still under pressure
The FTSE 100 property group said it had collected 81% of rents due for the quarter to March 2021
Amazon.com till-less grocery store may start gradual disruption in UK market, broker suggests
Analysts at Shore Capital don't expect the tech giant to take the market by storm
Property blue chips upgraded as Deutsche Bank predicts property selling spree
“While we do believe in a modest economic recovery this year, we do not think property companies can post ‘V’-shapes recoveries as they did after the global financial crisis”
British Land appoints Tesco deputy as new CFO
Bhavesh Mistry is expected to join the property group as CFO no later than August 1, 2021
British Land down to underperform as RBC says shift to disposals will be challenging
The bank forecast that the European real estate sector as a whole will see property disposals dominate over the coming years as firms shifted “largely away from non-core retail to focus more on mixed use development”
British Land collects 46% of retail rents as two-thirds of shops closed under lockdown
From the end of November to Christmas Eve, around 73% of its customers’ stores were operational, the developer said
Morgan Stanley cuts ratings for UK’s office landlords as it says homeworking is medium term headwind to growth
British Land, Landsec and Great Portland estates were all hit with downgrades as the investment bank said expectations for a rebound in the sector as the economy recovered was "problematic"
British Land makes £401mln West End property sale
“This transaction demonstrates our commitment to recycle capital out of assets not aligned to our core focus on mixed-use London campuses”
British Land restores dividend despite losses and rent write-offs
Customers taking long-view about current situation says new CEO
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British Land to count cost of pandemic on Wednesday, UK inflation data eyed
Motoring and bicycle retailer Halfords is also expected to deliver interims at the mid-point of the week
British Land to restart dividends as rent collections improve, LandSec holds fire
For the September quarter the FTSE 250-listed landlord said it has collected 91% of office rents and 50% retail
British Land's finance head to replace departing chief executive
Carter, who will earn £750,000 a year, has been the FTSE100 group’s Chief Financial Officer since May 2018
British Land collects 36% of retail rents for second quarter
The landlord said in the first week since post-lockdown reopening, footfall at its English portfolio was 64% of the level achieved in the same week last year
Property giants 'offer value' for patient investors despite retail collapse, says broker
Analysts cut their rating for British Land after a recent rally
British Land's retail portfolio crumbles as coronavirus speeds online shift
Net asset value per share was down 14.5% over the year
Archive
FTSE 100 closes higher as investors tuck into hard-hit stocks
Britain's top share index closed up over 76 points, or 1.26% at 6,144, having been as low as 6,067 earlier
British Land and Land Securities tipped to ride out UK property recession
Morgan Stanley has taken 10 to 20% off its valuations for UK property stocks due to the coronavirus (COVID-19) pandemic.
British Land shelves dividend after offering shopping centre tenants rent relief
Available cash and undrawn borrowing facilities stood at £1.2bn, with “significant headroom” in the property developer's debt covenants
British Land, LandSec, Big Yellow all boosted by Goldman Sachs upgrade to ‘buy’ on capital cost drop
British Land and LandSec will benefit from an increased office market, while Big Yellow's upside comes from a clearer political outlook
What the UK election result could mean for companies and markets
With the result of the 12 December election still uncertain, the three most likely results could bring radically different outcomes for both the UK's markets and investors
British Land losses widen due to retail struggles
The commercial property investor saw its portfolio value decline 4.3% as high street chains continue to go bust
British Land to go to town after London borough grants Canada Water planning permission
The 53-acre project will include homes, work units and leisure, retail, education and community space
Investments and investor services
FTSE 100 closes in the red as traders await first US rate cut since recession
Investors are expecting a cut of 0.25% in the benchmark short-term rate
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FTSE 100 closes Thursday in red as tensions mount ahead of G20
Footsie retailers did well, with B&Q owner Kingfisher (LON:KGF) top dog on the exchange
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Serco's acquisitions and contract wins will be in focus on Thursday
Serco has already flagged that it expects its strong order intake to boost revenue in 2019 after several years of declines.
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News from FirstGroup, Stagecoach to drive corporate diary in coming week
Aside from the two mid-cap transport operators, blue chip contractor Bunzl will also issue a trading update, while the macro focus will be on the G20 meeting in Japan
Retail 'survivors' to pile more pressure on Land Securities and peers, Liberum warns
Broker warns that the industry has yet to fully price the “rising bargaining power of stronger surviving retailers” such as Next
British Land profits drop as struggles on the high street hit retail portfolio
The property giant warned the retail sector is likely to remain challenging
Archive
FTSE 100 closes higher as Trump trade fears ease
The mid-cap FTSE 250 was also a shade higher - adding around two points at 19,369
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More turbulence likely from first-half numbers from travel firm TUI on Wednesday
Aside from the TUI numbers, blue-chip firms including DIY stores group Kingfisher, contract caterer Compass Group and credit checking firm Experian will also issue updates on Wednesday
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Jobs figures take macro spotlight on Tuesday while LandSec leads company reports
Analysts at RBC Capital Markets are expecting the UK jobless rate to remain below 5% for a third successive month
Archive
Burberry, Kingfisher, Thomas Cook and Aston Martin in focus in week ahead
The week ahead's highlights include updates from Burberry, Land Securities, British Land, Premier Foods, Experian, Kingfisher, Aston Martin, Dignity, Centrica, Thomas Cook, On the Beach and Countryside Properties.
British Land, Landsec subside as Barclays eyes more retail property weakness
Analysts downgrade British Land due to its higher exposure to the challenged retail warehouse segment
Debenhams to remain in the hands of lender consortium as administrator fails to find suitable buyer
Celine UK NewCo 1 Ltd, which represents the consortium, said none of the bids received for the chain had been “at the level required to be taken forward”
Debenhams to close 22 stores next year as part of CVA plan
Several London-listed REITs have Debenhams stores on their books
Land Securities lifted by Deutsche Bank to ‘buy’ from ‘hold’ in major review of the London office market
Aside from Land Securities, the German bank’s analysts also upgraded ratings for mid-cap property firms Derwent London and Great Portland Estates both to ‘buy’ from ‘hold’ too
British Land to sell 12 retail superstores from its joint venture with Sainsbury's for £429mln
The group said the move is part of its long term strategy to reduce its Retail exposure to comprise around 30-35% of its business assets, down from around 50% currently
Archive
Blue chips to swerve Thursday’s Brexit fall-out, small caps will be in spotlight
IGas and Gulf Keystone are on the agenda, meanwhile Brexit will likely be a talking point for Eddie Stobart Logistics.
Archive
Brexit date arrives but March 29 to be a damp squib although parliamentary vote might not be
Aside from the latest instalment of the Brexit saga, the week ahead will bring updates from housebuilder Bellway, tobacco firm Imperial Brands, and soft drinks group Fevertree
Philip Green’s Arcadia retail empire considering CVA – media reports
According to Sky News, the billionaire, who has endured a torrid few years, is looking to restructure Arcadia, which is the parent of Top Shop, Burton, Dorothy Perkins and many others
British Land chairman to step down at July AGM
Gildersleeve has served as chairman of the FTSE 100 property developer since January 2013 after having previously joined as a non-executive director in 2008
RBC initiates coverage on six property firms as it turns spotlight on UK real estate
Both LandSec and Tritax were given 'outperform' ratings on the back of an improved risk profile and exposure to the UK industrial property market respectively
Investments and investor services
FTSE 100 finishes in red on China worries and as US benchmarks tumble
The UK blue-chip benchmark finished around 41 points lower at 6,692
Archive
Next to take lead on Thursday with post-Christmas trading update
The clothing retailer is the first of a deluge of updates from the sector expected over the next few weeks, with many forecasting a sharp downturn for the traditionally busy trading period
Archive
High street updates, US jobs, UK PMIs to provide focus after New Year holidays
There will be some key data from the US and UK at the start of the new year, and Christmas retail trading news will be a dominant focus notably from Next PLC
Archive
High street updates, US jobs, UK PMIs to provide focus after New Year holidays
There will be some key data from the US and UK at the start of the new year, and Christmas retail trading news will be a dominant focus notably from Next PLC
Archive
FTSE 100 closes higher but Wall Street lags
The FTSE 250 index, though, fell around 30 points to 18,609 on the day