Available cash and undrawn borrowing facilities stood at £1.2bn, with “significant headroom” in the property developer's debt covenants British Land Company PLC (LON:BLND) has suspended its dividend ...
StockMarketWire.com - Goldman Sachs today reaffirms its neutral investment rating on British Land Co PLC [LON:BLND] and cut its price target to 566p (from 589p). ...
Property developer and investor British Land PLC (LON:BLND) reported a 2.9% decline in net asset value in the first half as a downturn on the high street weighed on its retail portfolio. The company, ...
British Land said 63% of the estimated rental value of properties were let or under offer across its total development pipeline, up from 55% at the time of its March year-end.
British Land extended its share buyback programme with an extra £200m to purchase its own shares in the current financial year after completing the £1bn sale of a City of London property.
The retail squeeze is starting to show on property values, said Credit Suisse as it reappraised real estate investment trusts Hammerson, British Land and Shaftesbury.
British Land posted a drop in full-year underlying profit on Thursday even as its net asset value grew, as the FTSE 100 property group cautioned that market conditions are likely to remain challenging.
UK stocks are looking attractive amid renewed sterling weakness and potential turning tide after years of being under-held by fund managers, said BoA Merrill Lynch on Friday, highlighting particular value in Ashtead, GVC Holdings, National Grid, Standard Chartered and RSA Insurance.
British Land said on Tuesday that Sumitomo Mitsui Banking Corporation Europe - a subsidiary of Japan's Sumitomo Mitsui Banking Corp - has signed a 20-year lease for the first three floors of the Liverpool Street redevelopment at Broadgate.
British Land announced on Friday that it has acquired the Woolwich Estate, covering 4.9 acres in south east London, for a headline price £103m representing a net initial yield of 4.1%.
British Land has appointed Simon Carter - currently chief financial officer at Logicor - as its new CFO, succeeding Lucinda Bell.
Johnson Matthey plc: Berenberg upgrades to buy with a target price of 3,680p.
British Land increased its interim dividend 3% after selling £1.5bn of assets in the half-year and seeing its portfolio increased in value by 1.4%.
British Land is a bellwether of the UK real estate office and retail market but while rents and asset prices are likely to decline it's 34% discount is overdone, Deutsche Bank said, upgrading the shares to 'buy' and those of sector peer Derwent London to 'hold' from 'sell'.
British Land: Deutsche Bank upgrades to Buy with a target price of 660p.
The British Land Company announced its debut sterling bond issue for £300m at a coupon of 2.375% for 12 years on Friday morning.
British Land is likely to see its valuation under pressure for the foreseeable future, said HSBC on Monday, downgrading the property developer and cutting its target price.
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Hunting: Morgan Stanley downgrades to Underweight with a target price of 440p.
Beazley: Credit Suisse initiates at Buy with a target price of 565p.