Company
Land Securities Group PLC
LON:LAND
Land Securities is a FTSE 100 company and we own and manage approximately 7.6 million m2 of commercial property and provide property services to more than 2,500 private and public sector clients.
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FTSE 100 weighed down by GSK, Astra after Trump names anti-vax health head
The FTSE 100 bounced between positive and negative territory on Friday
FTSE 100 Live: Stocks to close lower; Energy prices to hit two-year low; Gamestop tumbles
Blue chips down 13 points to 8,425
LandSec potentially undervalued following ‘consistent’ results
West End and Victoria assets bode well for big-cap REIT
London landlords shunning residential for commercial property
Retail leading the pack, followed by office and industrial assets
Land Securities NTA falls 5% hit by softening yields in London
The FTSE 100 listed property group said losses before tax were £192mln compared to a profit of £275mln last time with growth in earnings offset by market yield shift, while EPRA EPS rose 9.5% to 26.6p, supported by strong leasing and 8.3% l
Landsec and British Land results due following declines in the UK property values
Landsec and British Land will announce half year results on 15 and 16 November respectively, while Schroder Real Estate, Great Portland Estates and Workspace also report during the week
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FTSE 100 extends gains for third day, but lags European peers on strong pound
The blue-chip FTSE 100 index closed 0.7% higher at 7,518.35, but lagged its continental peers as the pound jumped more than 1%
Land Securities lifts stake in Bluewater shopping centre to 48.75%
The deal represents a net initial yield of 8.15% and an equivalent yield of 8.25%
Land Securities back in profit as London offices and retail parks recover
Rents for prime, grade A London offices remained resilient
Land Securities makes recommended £190mln bid for U and I Group
LandSec is offering 149p per U+I share, valuing the company's issued share capital at around £190mln. Shares in U+I closed at 86.0p on Friday
Only 19 companies in FTSE 100 on track to reach net-zero goals despite pledges
Just 19% of the UK’s largest companies are on track to contribute meaningfully to climate change, while 66 firms in total have set sustainability goals
Land Securities reports improved rent collections
Only 50% and 58% of rents had been collected from its mixed-use 'urban opportunities' and hotels, leisure and retail parks tenants
Working from home an opportunity for property groups suggests UBS
There is a limit on how much hot-desking is possible
Land Securities reports progress on rent collection
Urban opportunities and subscale sectors were the weakest at 50% and 43%
Land Securities and British Land facing dividend and green pressure, predicts Jefferies
Shares in Land Securities fell 3.7% to 678.8p while British Land dropped 4% to 501.4p.
Land Securities confident of swift rebound after £1.4bn loss
The dividend was the only thing that went up in the results for the year to end-March 2021
Land Securities expects number of tenants on support measures to rise as UK economy reopens
The property giant has collected 67% of rents in its latest quarter so far
Property giants see hospitality and retail rent collections tumble
For the December quarter, Land Securities said it has collected 66% of the expected rent of £101mln
Land Securities CEO finalises new management team
Colette O'Shea is to assume the newly created title of Chief Operating Officer
Land Securities acquires central London office building for £87mln
The 10-storey building is located in 55 Old Broad Street, near Liverpool Street station
Land Securities offloads two central London buildings for £552mln
The firm will use the proceeds to pay down debt before reinvesting into growth opportunities over time
Land Securities restarts dividend despite pandemic's impact on values and income
The property giant sees acquisition and development opportunities as likely to arise as a result of increased obsolescence of older office stock
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ITV, Burberry and WH Smith among big name reporters in coming week; UK unemployment data eyed
Other firms likely to draw attention include commercial landlord LandSec, publican Wetherspoon's and housebuilders Persimmon and Taylor Wimpey
Land Securities announces appointment of Grainger CFO Vanessa Simms as its next chief financial officer
Simms is expected to join the business, and become an executive director at Land Securities, by no later than June 1, 2021
Land Securities to regroup around London and stick with retail
The property giant's interests in hotels, leisure and retail parks are to be sold
Bank of England's negative interest rates would boost office property, says JPMorgan
The BoE has stressed that a negative interest rates policy is not in its immediate plans
Sell City office property as Morgan Stanley sees WFH rates doubling over next decade
Even if the rate of WFH in the next decade grows at the same rate as 2019, "conservative, we think", then the analysts predict WFH rates across Europe have the potential to nearly double
Land Securities collects 60% of rents, plans to resume dividends in November
All its offices are open, while almost four-fifths of retail outlets were trading by June 30, the property giant said
Land Securities' boss needs quick response to new norms to right listing giant
“At the moment the future of the office looks uncertain.”
Land Securities to reassess whole business after gloomy coronavirus warning
The property group does not expect a full recovery in the UK economy until 2022 at the earliest
Coronavirus pandemic "accelerates and exacerbates" retail shift for landlords, Barclays predicts
For logistics property owners there should be a short-term effect and a longer-term benefit from the accelerated structural trend of online sales, the analysts said
Land Securities agrees rent deferrals, relief to clients
The property investor and developer had £1.2bn in cash and available facilities as of 31 March
UK property stocks "look more attractive than other assets", says Merrill Lynch
Analysts also downgraded the self-storage subsector as valuations compared to the rest of the sector were becoming “too stretched”
LandSec poaches St Modwen CEO
Allan will take up the new role and become an executive director no later than 1 June 2020, receiving an annual base salary of £800,000 plus benefits
LandSec slides to £147mln loss as property values subside
The FTSE 100 landlord's properties shed 2.8% or £368m of their value, thanks to tough times for high street retailers
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FTSE 100 closes in red Thursday as ECB update underwhelms
There were mixed messages in Mario Draghi's update on Thursday
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Day ahead preview: Unilever, National Express, Diageo, ECB
With a slew of corporate earnings and the European Central Bank's policy decision, Thursday will be a busy day of news
Land Securities' chief executive, Robert Noel, to quit next year
"With the business well-positioned for the current market, a growing pipeline and a clear strategy for the future, it's the right time for me to move on," Noel said.
Investments and investor services
FTSE 100 closes lower again as European shares slide as mood sours
Footsie closed on Thursday nearly 21 points lower at 7,509.
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Dart Group profits to rise in 2019 but analysts see weaker year ahead amid tough travel market
The day ahead includes full-year results from Dart Group and US inflation data
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Kier Group is feeling the pressure ahead of Thursday’s trading update
Last month Kier issued a profit warning, so investors will be watching wearily as Thursday's trading update lands.
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Barratt Developments and Bovis Homes to provide main building bricks in coming week
Aside from the two housebuilders, corporate updates in the coming week will also be delivered by retailers Ocado, Superdry and Dunelm
Property sector dividends look more attractive as interest rates expectations trimmed, says RBC
Over the coming three years, the Bank of England is only expected to raise interest rates by half a point, according to forecasts from Oxford Economics
Investments and investor services
FTSE 100 closes higher as global markets buoyed by Fed's hint on rates
Carnival and Evra were the two big fallers among Footsie constituents
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After Federal Reserve decision, ECB boss comments, Bank of England expected to stand pat on rates
Aside from the BoE Monetary Policy Committee decision, the Day Ahead will also bring updates from two mid-cap retailers - Dixons Carphone and N Brown Group
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Federal Reserve rate decision to dominate in week ahead, with BoE meeting likely to be dull
The corporate diary is fairly sparse, but there are some bright spots, notably updates from refocused blue chip hotels group Whitbread and housebuilder Berkeley Group
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
Land Securities posts wider loss as tough retail market weighs on portfolio
The company said it sees no near-term improvement in retail market conditions with company voluntary arrangements likely to continue.
Investments and investor services
FTSE 100 closes higher and global stocks rally as trade fears seem to ease
On Wall Street, the Dow Jones Industrial Average is up 287 points at the time of writing
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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
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 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
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FTSE 100 closes higher as no deal Brexit fears ease
Footsie closed around 26 points higher at 7,185, while FTSE 250 added around 103 points at 19,283
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Thursday's Brexit fallout likely to overshadow Capita and Savills results
Brexit and the latest vote will likely be the main talking point, but there will be financial results too!
Land Securities' head of retail property departs
Group chief executive Robert Noel will handle the retail portfolio for the time being.
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
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FTSE 100 closes higher but Wall Street lags
The FTSE 250 index, though, fell around 30 points to 18,609 on the day
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Thursday’s spotlight to focus on planes, trains and pubs with meals
Thomas Cook, Go-Ahead Group, and Greene King will be among Thursday's highlights.
British Land gets a lift from HSBC upgrade to ‘buy’ from ‘hold’ albeit after a cut to its price target
The bank’s analysts said: “As with all of our UK real estate coverage, our target price is weighted (75%) in favour of price/book to reflect the frequency of valuation evidence in the UK market”
Investments and investor services
FTSE 100 flatlines at close as sterling gains on Brexit optimism
The UK blue-chip benchmark closed up 0.68 at 7,053, while the FTSE 250 added over 174 points at 18,985
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Taylor Wimpey and Vodafone to lead the way on a busy Tuesday in the City
The City diary is filled to the brim, with updates expected from Taylor Wimpey, McCarthy & Stone, Vodafone, Premier Foods, Experian and many more
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Housebuilders to take centre stage again after Persimmon boss drama
The week ahead includes trading updates from Bovis Homes and Taylor Wimpey, full year results from McCarthy & Stone, interims from Royal Mail, Vodafone and Premier Foods along with a batch of UK data
Barclays blights trio of property stocks, downgrading ratings for British Land, Hammerson, and NewRiver REIT
Barclays' analysts concluded: “We do not know how deep the rabbit hole goes but the retail asset market is experiencing asymmetric downside risk"
FTSE 100 closes sharply lower as sterling gains and miners weigh
The UK blue - chip index finished down 99.8 points at 7,318, while FTSE 250 was also lower
Investments and investor services
FTSE 100 closes lower again as traders flee from risk
The UK blue chip index was about 10 points lower at 7,373, above the session low of 7,357.09 but below the morning peak of 7,397.74
Investments and investor services
Bovis Homes and Dixons Carphone to take spotlight on busy Thursday
It promises to be a busy Thursday morning with several closely followed firms reporting, meanwhile, around 9 points will come off the index with blue-chip miners such as BHP Billiton, Antofagasta, and Glencore going ex-dividend.
Intu shares sink to all-time lows as Morgan Stanley turns bearish on property stocks
Intu has borne the brunt of today’s downgrades, with Morgan Stanley especially wary of retail property stocks, given the demise of bricks-and-mortar stores
FTSE 100 closes firmly higher with miners taking the top spots
The global financial body added that several countries, including the US and UK, had excessive current account deficits and borrowed too much
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Investors looking for some thirst quenchers from Britvic, Fevertree, and Fuller's
Aside from the soft drinks firms and brewer, the day ahead on Tuesday includes updates from blue-chip real estate firm Hammerson and student acommodation group Unite
FTSE 100 closes higher Thursday as traders come back to equities
Sterling was also stronger - up 0.06% to 1.1318 against the Euro and up 0.12% versus the US dollar
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ASOS set for a warm weather boost
Thursday will see retailers ASOS and Dunelm to the fore. The former is expected to issue an upbeat statement while the latter will be looking to prove it is not curtains for its growth story.
Investments and investor services
FTSE 100 closes in red as speculation swirls on August rate rise
The rise in sterling hit the dollar- earning constituents of the FTSE 100
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Dixons Carphone to report slump in profits, Bank of England to stand pat on rates
Markets are pricing in a 3% chance that the Bank of England will raise interest rates, making it "about half as likely as England winning the World Cup", said Hargreaves Lansdown
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Dixons Carphone has already had a kicking so investors will be hoping full-year numbers provide some relief
The Week Ahead also includes updates from blue chips Ashtead Group and Ferguson, plus mid-cap housebuilder Berkley Group, and the latest Bank of England interest rate decision
Land Securities reverses to big full-year loss reflecting costs of major refinancing
For the year ended 31 March 2018, the FTSE 100-listed firm posted a pre-tax loss of £251mln, down from a £112mln profit a year earlier
Investments and investor services
FTSE 100 closes higher but miners hit by Chinese data
Around 3.20pm, the UK blue-chip index was up 17 points to 7,728
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easyJet's losses expected to narrow on back of increased passenger loads
As well as easyJet, updates are expected from big names such as Vodafone, Land Securities and Hargreaves Lansdown.
Hammerson hammered by Credit Suisse downgrade
Goldman Sachs has added Hammerson to its "conviction buy" list but Credit Suisse, after running the rule over the shopping centres owned by Hammerson and its proposed merger partner, Intu, is less impressed
Investments and investor services
FTSE 100 closes higher as trade war fears ease
The premier UK blue-chip exchange added around 45 points at 7,203, while FTSE 250 also stormed higher, up 193 points at 19,968.
Premier Oil: Catcher and cash flow will be in spotlight
Premier Oil and G4S are among the highlights in the schedule for Thursday
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Investors set to tuck into tasty results from Domino's Pizza and Just Eat
The week ahead sees earnings from Domino's Pizza, Just Eat, Restaurant Group, Legal & General, G4S, Rolls-Royce, Ashtead and Immarsat
Investments and investor services
FTSE 100 feeds off Wall Street rally to close near 7,700
If you happen to work for a FTSE 100 company, your boss has already earned more in the past two-and-a-half days then the average UK employee will this year
Investments and investor services
FTSE 100 closes higher as miners gain and sterling slides
The FTSE 100 closed the day higher, as the weak pound helped, while other European indices lagged
Property in vogue: Credit Suisse shuffles ratings for London Office REITs
The Swiss bank’s analysts said: “London office focused REITs have been out of favour with investors for almost two years as fears over the late stage of the property cycle and the impact of Brexit have sustained material NAV discounts”
FTSE 100 closes in positive territory, bolstered by weak pound
Footsie closed over 20 points higher at 7,348, benefitting as usual from the weaker pound.