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United Kingdom

British Land Company PLC (BLND.L)

BLND.L on London Stock Exchange

535.20GBp
10:23am BST
Change (% chg)

-0.40 (-0.07%)
Prev Close
535.60
Open
534.20
Day's High
536.80
Day's Low
532.20
Volume
293,992
Avg. Vol
3,091,659
52-wk High
687.20
52-wk Low
520.00

Latest Key Developments (Source: Significant Developments)

British Land Corrects Cash Flow Statement
Tuesday, 21 May 2019 

May 21 (Reuters) - British Land Company PLC ::BRITISH LAND CO PLC - CASH FLOW STATEMENT CORRECTION.BRITISH LAND- MAY 15 STATEMENT INCORRECTLY STATED "SALE OF INVESTMENT AND TRADING PROPERTIES" AS £648M FOR 2019, £212M IN 2018.BRITISH LAND COMPANY PLC - CASH FLOW STATEMENT SHOULD HAVE READ "SALE OF INVESTMENT PROPERTIES" WITH 2019 FIGURE OF £380M AND 2018 FIGURE OF £135M.  Full Article

British Land Engages UBS To Execute Buyback Programme
Wednesday, 15 May 2019 

May 15 (Reuters) - British Land Company PLC ::BRITISH LAND CO PLC - ENGAGEMENT OF BROKER TO EXECUTE BUYBACK PROGRAMME.BRITISH LAND COMPANY PLC - BRITISH LAND ANNOUNCE ENGAGEMENT OF BROKER TO EXECUTE £125 MILLION SHARE BUYBACK PROGRAMME.BRITISH LAND COMPANY PLC - BUYBACK PROGRAMME WILL BE EXECUTED BETWEEN 16 MAY 2019 AND 24 SEPTEMBER 2019.BRITISH LAND COMPANY PLC - PURPOSE OF BUYBACK PROGRAMME IS TO REDUCE CAPITAL OF COMPANY.BRITISH LAND COMPANY PLC - COMPANY INTENDS TO CANCEL SHARES IT PURCHASES THROUGH BUYBACK PROGRAMME.  Full Article

British Land Says FY EPRA NAV Down 6.4%, "Notable Pause" In London Investment Market In Early 2019
Wednesday, 15 May 2019 

May 15 (Reuters) - British Land Company PLC ::FY EPRA NAV DOWN 6.4% AT 905P.FY UNDERLYING EPS DOWN 6.7% TO 34.9P DUE PRIMARILY TO ONE OFF SURRENDER PREMIA RECEIVED LAST YEAR AND IMPACT OF ASSET SALES.FULL YEAR DIVIDEND UP 3.0% AT 31P.FY EPRA NAV DOWN 6.4% AT 905P.FY LFL RENTAL GROWTH OF £15M.PROPOSED FY20 DIVIDEND INCREASE OF 3%.EXTENSION TO SHARE BUYBACK PROGRAMME OF UP TO £125M.FY UNDERLYING PROFIT £340M VERSUS £380M.FY IFRS LOSS BEFORE TAX £319M VERSUS PROFIT OF £501M.THERE IS A RISK BREXIT OUTCOME INCREASES MATERIALS COSTS AND REDUCES LABOUR SUPPLY IN FUTURE YEARS.NOTABLE PAUSE IN LONDON INVESTMENT MARKET IN EARLY 2019 AS BREXIT UNCERTAINTY INCREASED.WHILST KEY CHRISTMAS TRADING PERIOD WAS GENERALLY STRONGER THAN EXPECTED, MARKET IS SET TO REMAIN CHALLENGING OVERALL.AIM TO REDUCE OUR RETAIL BUSINESS TO 30-35% OF TOTAL, BASED ON CURRENT VALUATIONS OVER NEXT FIVE YEARS.  Full Article

British Land Co Completes 200 Mln Stg Buyback Programme
Friday, 29 Mar 2019 

March 29 (Reuters) - British Land Company PLC ::BRITISH LAND CO PLC - COMPLETION OF £200M BUYBACK PROGRAMME.BRITISH LAND COMPANY- £200 MILLION SHARE BUYBACK PROGRAMME MANAGED BY MORGAN STANLEY AND UBS AG LONDON BRANCH ANNOUNCED ON 14 JUNE 2018 WAS COMPLETED.BRITISH LAND COMPANY PLC - COMPANY REPURCHASED 33.7 MILLION ORDINARY SHARES AT AN AVERAGE PURCHASE PRICE OF 594P PER SHARE.  Full Article

British Land Co Says John Gildersleeve To Step Down As Chairman
Monday, 11 Mar 2019 

March 11 (Reuters) - British Land Company PLC ::BRITISH LAND CO PLC - BOARD CHANGES.BRITISH LAND COMPANY PLC - JOHN GILDERSLEEVE WILL RETIRE AS A NON-EXECUTIVE DIRECTOR AND STEP DOWN AS CHAIRMAN.BRITISH LAND COMPANY PLC - JOHN WILL BE SUCCEEDED AS CHAIRMAN BY TIM SCORE.BRITISH LAND COMPANY PLC - UPON BECOMING CHAIRMAN TIM SCORE WILL CEASE TO CHAIR BRITISH LAND AUDIT COMMITTEE.BRITISH LAND COMPANY PLC - REBECCA WORTHINGTON WILL BECOME CHAIR OF AUDIT COMMITTEE.  Full Article

British Land Says Tim Roberts, Charlie Maudsley Stepping Down As Board Members
Monday, 21 Jan 2019 

Jan 21 (Reuters) - British Land Company PLC ::BRITISH LAND CO PLC - DIRECTORATE CHANGE.BRITISH LAND COMPANY PLC - TIM ROBERTS AND CHARLIE MAUDSLEY STEPPING DOWN AS EXECUTIVE DIRECTORS AND BOARD MEMBERS.BRITISH LAND COMPANY PLC - BRITISH LAND ALSO ANNOUNCES APPOINTMENT OF DARREN RICHARDS AS HEAD OF REAL ESTATE.BRITISH LAND COMPANY - TIM AND CHARLIE WILL REMAIN WITH BRITISH LAND FOR A PERIOD OF TIME TO ENSURE AN EFFECTIVE TRANSITION.  Full Article

British Land Company Signs 735 Mln Pounds Unsecured Revolving Credit Facility
Thursday, 10 May 2018 

May 10 (Reuters) - British Land Company PLC ::SIGNING OF A £735 MILLION UNSECURED REVOLVING CREDIT FACILITY (RCF) AT INITIAL MARGIN OF 90 BPS WITH SYNDICATE OF 12 BANKS.FACILITY HAS MATURITY OF FIVE YEARS WHICH MAY BE EXTENDED BY A FURTHER TWO YEARS ON BRITISH LAND'S REQUEST.THIS FACILITY IS AN AMENDMENT AND EXTENSION OF £785 MILLION RCF SIGNED IN APRIL 2014 AT AN INITIAL MARGIN OF 115 BPS.  Full Article

British Land buys Woolwich Estate for 103 mln stg​
Friday, 9 Feb 2018 

Feb 9 (Reuters) - British Land Company Plc ::‍ACQUIRES WOOLWICH ESTATE IN SOUTH EAST LONDON FOR £103 MILLION​.‍HAS ACQUIRED WOOLWICH ESTATE, COVERING 4.9 ACRES IN SOUTH EAST LONDON FOR A HEADLINE PRICE £103 MILLION REPRESENTING A NET INITIAL YIELD OF 4.1%.​.  Full Article

British Land Announces ‍Third Interim Dividend For Qtr Ended Dec 31 of 7.52 Pence Per Share
Tuesday, 30 Jan 2018 

Jan 30 (Reuters) - British Land Company Plc ::THIRD INTERIM DIVIDEND FOR QUARTER ENDED DEC 31 WILL BE 7.52 PENCE PER SHARE, A 3.0% INCREASE ON COMPARABLE PERIOD LAST YEAR​.  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

Ex-divs to take 6.18 points off FTSE 100 on June 27

LONDON, June 24 The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-makers would take 6.18 points off the index. RIC Name Dividend Stock Impact (pence) Option