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United Kingdom

Land Securities Group PLC (LAND.L)

LAND.L on London Stock Exchange

845.40GBp
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Change (% chg)

2.80 (+0.33%)
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842.60
Open
842.20
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Volume
1,528,491
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2,127,049
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946.90
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784.14

Latest Key Developments (Source: Significant Developments)

Land Securities Posts Bigger Annual Loss
Tuesday, 14 May 2019 

May 14 (Reuters) - Land Securities Group PLC ::LAND SEC. GROUP PLC - FINAL RESULTS.LAND SECURITIES GROUP PLC - FY INCREASE IN REVENUE PROFIT OF 8.9% TO £442M.LAND SECURITIES GROUP PLC - FY ADJUSTED DILUTED EARNINGS PER SHARE WERE UP 12.4% TO 59.7P.LAND SECURITIES GROUP PLC - RECOMMENDING A FINAL DIVIDEND OF 11.65P GIVING A TOTAL DIVIDEND FOR YEAR OF 45.55P PER SHARE.LAND SECURITIES- FY WEAKER RETAIL MARKETS ACCOUNT FOR OVERALL 41% FALL IN VALUE OF ASSETS AND 4.6% REDUCTION IN EPRA NET ASSETS PER SHARE TO 1,339P.LAND SECURITIES GROUP PLC - 65% OF ASSETS BY VALUE AND OUR ENTIRE £3.0BN PIPELINE OF DEVELOPMENT OPPORTUNITIES ARE NOW IN LONDON.LAND SECURITIES GROUP PLC - FY LIKE-FOR-LIKE NET RENTAL INCOME UP £10M OR 1.9%.LAND SECURITIES GROUP PLC - ASSETS DECLINED IN VALUE BY 4.1% IN AGGREGATE OVER YEAR.LAND SECURITIES GROUP PLC - RECOMMENDING A FINAL DIVIDEND OF 11.65P GIVING A TOTAL DIVIDEND FOR YEAR OF 45.55P PER SHARE.LAND SECURITIES GROUP PLC - SEEN A NOTICEABLE SHIFT TO QUALITY SPACE BY OCCUPIERS IN LONDON AND VACANCY RATE HAS FALLEN.LAND SECURITIES GROUP PLC - SEE NO NEAR-TERM IMPROVEMENT IN RETAIL MARKET CONDITIONS, WITH CVA ACTIVITY SET TO CONTINUE.LAND SECURITIES GROUP PLC - RENTAL VALUES ARE LIKELY TO DECLINE FURTHER IN SHOPPING CENTRES AND RETAIL PARKS.LAND SECURITIES GROUP PLC - ACTIVITIES IN LONDON AS A PERCENTAGE OF PORTFOLIO WILL INCREASE IN COMING YEARS.  Full Article

Land Securities Launches New Flexible Office Brand
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - Land Securities Group PLC ::LANDSEC LAUNCHES NEW FLEXIBLE OFFICE BRAND.LAUNCHED ITS NEW FLEXIBLE OFFICE BRAND, MYO.MYO WILL WELCOME ITS FIRST CUSTOMERS TO 123 VICTORIA STREET IN APRIL 2019.  Full Article

Land Securities Says Land Securities Launched Separate Invitations To Holders Of Three Series Of Bonds
Friday, 16 Mar 2018 

March 16 (Reuters) - Land Securities Group Plc ::CONFIRMS UNIT, LAND SECURITIES , LAUNCHED SEPARATE INVITATIONS TO HOLDERS OF THREE SERIES OF ITS BONDS TO TENDER THEIR NOTES FOR CASH​.‍NOTES HAVE AN EXPECTED MATURITY DATE RANGING FROM 2025 TO 2034​.  Full Article

Land Securities Says ‍Dame Alison Carnwath To Retire From Board In 2018
Friday, 2 Mar 2018 

March 2 (Reuters) - Land Securities Group Plc ::‍DAME ALISON CARNWATH INTENDS TO RETIRE FROM BOARD IN 2018, HAVING SERVED NINE YEARS AS CHAIRMAN AND THIRTEEN YEARS ON BOARD​.‍BOARD HAS BEEN CONDUCTING A PROCESS WITH ASSISTANCE FROM EXTERNAL CONSULTANTS TO IDENTIFY AND APPOINT NEXT LANDSEC CHAIRMAN​.‍FURTHER ANNOUNCEMENT WILL BE MADE IN DUE COURSE AND DAME ALISON WILL CONTINUE IN HER ROLE UNTIL THIS PROCESS IS COMPLETE​.  Full Article

Land Securities ‍Confirms Third Interim Dividend
Wednesday, 21 Feb 2018 

Feb 21 (Reuters) - Land Securities Group Plc ::‍CONFIRMS THAT THIRD INTERIM DIVIDEND FOR 2017/18 WILL BE 9.85P PER ORDINARY SHARE, PAYABLE ON APRIL 6​.  Full Article

Land Sec Says Resolution To Grant Planning Permission Secured For Moorfields Project
Tuesday, 20 Feb 2018 

Feb 20 (Reuters) - Land Securities Group Plc ::HAS SECURED A RESOLUTION TO GRANT A REVISED PLANNING PERMISSION FOR ITS PROPOSED 564,000 SQ FT DEVELOPMENT AT 21 MOORFIELDS, EC2.IN JULY 2017 LANDSEC AND DEUTSCHE BANK EXCHANGED A PRE-LET AGREEMENT FOR BANK'S NEW LONDON HEADQUARTERS.EXPECTS THAT CONSTRUCTION WILL CONTINUE STRAIGHT THROUGH TO PRACTICAL COMPLETION, ANTICIPATED IN NOVEMBER 2021.  Full Article

Land Securities says ‍headwinds of Brexit starting to show in economy
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Land Securities Group Plc :INTERIM DIVIDEND UP 10.1 PERCENT TO 19.7 PENCE PER SHARE.REVENUE PROFIT IS UP 5.2% AND ADJUSTED DILUTED EARNINGS PER SHARE ARE UP 5.8% FOR SIX MONTHS ENDED 30 SEPTEMBER 2017​.‍VALUATION OF COMBINED PORTFOLIO IS LITTLE CHANGED, ADJUSTED DILUTED NET ASSET VALUE PER SHARE IS UP 1.1% VALUATION OF COMBINED PORTFOLIO IS LITTLE CHANGED, ADJUSTED DILUTED NET ASSET VALUE PER SHARE IS UP 1.1%​.‍SALE OF 20 FENCHURCH STREET, EC3 AT AN EXCEPTIONAL PRICE DEMONSTRATED OUR DISCIPLINED APPROACH TO MANAGING CAPITAL​.‍ SALE OF 20 FENCHURCH STREET CRYSTALLISED A 170% PROFIT ON COST AND SIGNIFICANT VALUE FOR SHAREHOLDERS​.‍HEADWINDS OF BREXIT ARE BEGINNING TO SHOW IN ECONOMY​.‍ACQUISITIONS, DEVELOPMENT AND REFURBISHMENT EXPENDITURE OF £463M​.‍FIRST HALF DIVIDEND OF 19.7P, UP 10.1%​.‍"NEGOTIATIONS WITH EU ARE MOVING MORE SLOWLY THAN BUSINESSES WOULD HAVE HOPED. COUPLED WITH POLITICAL UNCERTAINTY, THIS IS LEADING TO CAUTION"​.‍"IN LONDON, WE ARE HAPPY NOT TO BE DELIVERING SPECULATIVE BUILDINGS IN SHORT TERM"​.‍"OVER NEXT SIX MONTHS, WE WILL CONTINUE TO FOCUS ON ASSET MANAGEMENT AND PREPARATIONS FOR FUTURE INVESTMENT AND DEVELOPMENT"​.REVENUE PROFIT OF £203M IN SIX MONTHS ENDED 30 SEPTEMBER 2017 (VERSUS £193M)‍​.LOSS BEFORE TAX £(33)M IN SIX MONTHS ENDED 30 SEPTEMBER 2017 (VERSUS £(95)M)‍​.  Full Article

UPDATE 1-U.S. property trust Vornado challenges Arcadia's restructuring plan

July 16 Philip Green's fashion empire Arcadia Group said on Tuesday it received applications from legal entities of U.S.-based property group Vornado challenging two of its seven planned Company Voluntary Agreements (CVAs).