Edition:
United Kingdom

British Land Company PLC (BLND.L)

BLND.L on London Stock Exchange

477.80GBp
16 Aug 2019
Change (% chg)

9.50 (+2.03%)
Prev Close
468.30
Open
470.30
Day's High
479.40
Day's Low
466.50
Volume
2,707,271
Avg. Vol
3,312,163
52-wk High
645.00
52-wk Low
465.30

Latest Key Developments (Source: Significant Developments)

British Land Exchanges On Disposal Of 429 Mln Stg Of Sainsbury's Superstores
Tuesday, 23 Apr 2019 

April 23 (Reuters) - British Land Company PLC ::BRITISH LAND CO PLC - DISPOSAL OF SAINSBURY'S SUPERSTORES.BRITISH LAND COMPANY PLC - BRITISH LAND EXCHANGES ON DISPOSAL OF £429M OF SAINSBURY'S SUPERSTORES.BRITISH LAND COMPANY PLC - BRITISH LAND EXCHANGES ON DISPOSAL OF £429M OF SAINSBURY'S SUPERSTORES.BRITISH LAND COMPANY PLC - SHARE OF PROCEEDS WILL BE £193.5M REPRESENTING A MODEST PREMIUM TO SEPTEMBER 2018 BOOK VALUE..BRITISH LAND COMPANY - EXPECT RETAIL TO COMPRISE C.30-35% OF ASSETS OF OUR BUSINESS, DOWN FROM AROUND HALF TODAY..BRITISH LAND COMPANY PLC - NET PROCEEDS TO BRITISH LAND ARE EXPECTED TO BE C.£95M FOLLOWING REPAYMENT OF DEBT AND ASSOCIATED BREAK COSTS..BRITISH LAND - ONCE DEAL COMPLETES, SUPERSTORES EXPOSURE TO FALL TO 1.3% OF PORTFOLIO BASED ON SEPT 2018 VALUATIONS WITH 6 STANDALONE STORES REMAINING.BRITISH LAND - EXCHANGED ON SALE OF 12 SUPERSTORES FROM ITS JV WITH SAINSBURY'S FOR £429M, REPRESENTING A NET INITIAL YIELD OF 5.0%.  Full Article

Debenhams To Relocate London HQ As Part Of Cost Reduction Drive
Wednesday, 27 Mar 2019 

March 28 (Reuters) - Debenhams PLC ::DEBENHAMS TO RELOCATE LONDON HQ.DEBENHAMS - AS PART OF ITS CONTINUING RESTRUCTURING PROGRAMME, CO AGREED WITH BRITISH LAND TO SURRENDER LEASE ON ITS LONDON SUPPORT CENTRE ON NOV 1.DEBENHAMS - MOVE TO RELOCATE LONDON HQ IS PART OF DEBENHAMS’ COST REDUCTION DRIVE, WHICH IS ON TRACK TO DELIVER ANNUALISED SAVINGS OF C£80M BY FY2020.  Full Article

British Land Says Third Interim Dividend For Quarter Ended 31 Dec 2018 7.75 Pence Per Share
Wednesday, 23 Jan 2019 

Jan 23 (Reuters) - British Land Company PLC ::THIRD INTERIM DIVIDEND FOR QUARTER ENDED 31 DECEMBER 2018 WILL BE 7.75 PENCE PER SHARE, A 3.0% INCREASE.  Full Article

British Land Impact Of Administrations And CVAS Since April Is 1.6 Pct Of Contracted Rent
Tuesday, 17 Jul 2018 

July 17 (Reuters) - British Land Company PLC ::BRITISH LAND COMPANY PLC - ACROSS PORTFOLIO, COMBINED IMPACT OF ADMINISTRATIONS AND CVAS SINCE 1 APRIL 2017 IS 1.6% OF TOTAL GROUP CONTRACTED RENT.  Full Article

British Land Company Names ‍Simon Carter CFO​
Friday, 19 Jan 2018 

Jan 19 (Reuters) - British Land Company Plc ::‍SIMON CARTER HAS BEEN APPOINTED AS CHIEF FINANCIAL OFFICER.​.‍SIMON SUCCEEDS LUCINDA BELL WHO, AS PREVIOUSLY ANNOUNCED, INTENDED TO STEP DOWN FROM BOARD AND LEAVE COMPANY ON 4 APRIL 2018​.‍AGREED THAT LUCINDA WILL NOW STEP DOWN FROM ROLE AS A MAIN BOARD DIRECTOR AS WELL AS HER DAY-TO-DAY RESPONSIBILITIES AS CFO WITH IMMEDIATE EFFECT​.  Full Article

British Land first-half NAV up 2.6 pct to 939p
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - British Land Company Plc -:‍HY NAV UP 2.6% TO 939P, WITH VALUATIONS UP 1.4%​.‍HALF YEAR DIVIDEND INCREASE OF 3% TO 15.04P​.‍HY PROFIT MAINTAINED AT £198M DESPITE £1.5BN OF SALES SINCE MARCH 2016​.  Full Article

UK mall scans shoppers in facial-recognition trial

LONDON, Aug 16 (Thomson Reuters Foundation) - A British mall that scanned shoppers using facial-recognition cameras said on Friday it was no longer using technology that advocacy groups called a threat to privacy.