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”
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 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
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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