British Land shrugs off weak economy
23rd May 2011 07:07
Property group British Land reported continuing strong demand for its retail and office properties in spite of economic weakness as it posted a rise in profits and net asset value (NAV) in the year to 31 March. At £256m, underlying pre-tax profits were 9.9% higher than in the previous year. The val
Read moreLondon close: Strong finish as stocks recover
18th May 2011 16:38
Stocks rebounded sharply from the previous day's losses and remained strong at trading's close. Property giant Land Securities towered above the rest of the FTSE 100 after it posted a sharp rise in profits and net asset value in the year to 31 March and predicted continued growth as the recovery pr
Read moreSector movers: Land Securities boosts real estate trusts
18th May 2011 15:36
The real estate investment trust sector is the best performing sector after full-year results from Land Securities. Property giant Land Securities is towering above the rest of the FTSE 100 after it posted a sharp rise in profits and net asset value in the year to 31 March and predicted continued g
Read moreFTSE 100 movers: Real estate stocks on the rise
18th May 2011 14:54
Property giant Land Securities is towering above the rest of the FTSE 100 after it posted a sharp rise in profits and net asset value in the year to 31 March and predicted continued growth as the recovery proceeds. Pre-tax profits climbed to £1.227bn from £1.069bn the previous year, while the net as
Read moreLondon midday: Stocks keep gains
18th May 2011 12:10
Stocks are holding onto their gains after a strong start. Property giant Land Securities towering above the rest of the FTSE 100 after it posted a sharp rise in profits and net asset value in the year to 31 March and predicted continued growth as the recovery proceeds. Pre-tax profits climbed to £1
Read moreLondon open: Stocks rally after Wall Street recovery
18th May 2011 08:40
The top share index has rallied following the recovery on Wall Street ahead of the close last night. Property giant Land Securities towering above the rest of the FTSE 100 after it posted a sharp rise in profits and net asset value in the year to 31 March and predicted continued growth as the recov
Read moreAon signs up for British Land's Leadenhall Building
16th May 2011 07:49
US reinsurance giant Aon is set to occupy a large chunk of The Leadenhall Building in the heart of London's insurance district, and make the bottom 10 floors of the building's office section its new UK headquarters. The US company, perhaps best known in England as the shirt sponsor of football club
Read moreLondon close: Footsie finishes just shy of 6,000
15th Apr 2011 16:52
Footsie finished on or around its high point for the day but just shy of the 6,000 level. Risers outnumbered fallers by about three to one among FTSE 100 constituents, with resource stocks featuring prominently among the laggards. Real estate investment trusts British Land and Land Securities led
Read moreLondon midday: Banks dull after Ireland downgrade
15th Apr 2011 12:02
The top share index failed to regain the 6,000 level in the morning, but came close before subsiding just before midday. Banks are dragging the index lower, offsetting good gains among property companies. Banks such as Royal Bank of Scotland, Lloyds and Barclays are off the pace as sentiment sour
Read moreBritish Land and Tesco extend JV
12th Apr 2011 08:20
The Tesco British Land Property Partnership, a 50:50 joint venture between property company British Land and retailer Tesco, has refinanced its Beaumont Leys Shopping Centre in Leicester. The new £60m five year term loan facility was used to repay the existing bank loan on its maturity and return f
Read moreBG finance director cashes in some chips
25th Mar 2011 18:26
BG has been a star performer among the giant oil and gas companies, thanks to its stake in the huge oil finds being made offshore Brazil and its finance director has decided to take profits on his stake in the company. Barely a week goes by without any new discovery in the Santos basin, with BG's
Read moreBritish Land increases Basildon bond
22nd Mar 2011 09:45
It's a case of "hello Basildon, goodbye Croydon" for property company British Land , which has bought the Mayflower Retail Park on the edge of Basildon for £51m and sold Valley Leisure Park, Croydon, for £28m, in a deal with Scottish Widows Investment Partnership. The Basildon retail park is being
Read moreWife of outgoing FD sells British Land shares
14th Mar 2011 17:19
Diane Roberts, the wife of British Land finance director Graham Roberts, has raised more than £1m by selling more than three-quarters of the couple's stake in the property investor. She sold 191,780 shares at 562.8p each, which raised £1.08m. The couple are left with 50,464 shares in British Land.
Read moreLondon close: Japan gloom stifles rally
11th Mar 2011 16:41
The devastating earthquake in Japan this morning overshadowed today's trading but shares struggled to climb into the blue and finished just a few points short. The tsunami resulting from the earthquake has already killed a large number of people in Japan, with police in the port of Sendai reporting
Read moreLondon afternoon: Rally runs out of steam
11th Mar 2011 14:29
An attempt at continuing the late-morning rally fizzled out over the lunch time session, but prices are not as soft as might be expected given the array of bad news out there, such as the Japanese earthquake, the Libyan situation and the continuing concerns about European sovereign debt. The insura
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