British Airways launches bond July 9, 2012 British Airways said yesterday it is looking to raise up to £250m by selling an innovative bond secured against 31 of its Heathrow landing slots. Investors in the bond, the final terms of which will be determined by market demand, will be given access to the assets of a BA subsidiary shell – including the [...]
Tata earnings driven by Jaguar Land Rover August 9, 2012 A STRONG performance at Jaguar Land Rover helped car giant Tata Motors post rising quarterly profits and revenues yesterday. Sales at JLR jumped 34.4 per cent in the three months to the end of June compared to a year ago, as the British firm shifted 83,452 units. China was the main driver of growth, with [...]
CITY MOVES | WHO’S SWITCHING JOBS March 29, 2012 Assura The UK’s leading primary healthcare property company has announced the appointment of Graham Roberts as its new chief executive, with immediate effect. Roberts has worked in the property sector for the last sixteen years, most recently as finance director of British Land, one of the UK’s largest real estate investment trusts. Roberts replaces Nigel [...]
Economic news drives quiet week for trading March 25, 2012 TODAY Investors in highly volatile oil and exploration stocks could face surprises this week, as some small-cap firms report, but the UK market should start off quietly. Volume may pick up in the afternoon with pending home sales from the US. Given mildly disappointing existing home sales figures last week, pending home sales could also [...]
Economic news drives quiet week for trading March 25, 2012 TODAY Investors in highly volatile oil and exploration stocks could face surprises this week, as some small-cap firms report, but the UK market should start off quietly. Volume may pick up in the afternoon with pending home sales from the US. Given mildly disappointing existing home sales figures last week, pending home sales could also [...]
British Land asset value rises May 23, 2011 British Land posted a 12.5 per cent increase in its net asset value per share and said it expected strong demand for prime office and retail property to continue. The property company confirmed a full-year NAV per share of 567 pence, from 504 pence a year earlier. Its underlying pre-tax profit was £256m, up 2.8 [...]
MEADOWHALL CENTRE TO GO UP FOR SALE January 15, 2012 PROPERTY developer London & Stamford is close to putting Sheffield’s Meadowhall shopping centre up for sale in a deal that could be worth as much as £1.6bn. London & Stamford owns half of Meadowhall, one of Britain’s biggest malls, with a Middle Eastern partner, while British Land owns the remaining half. The sale is likely [...]
Mining gains offset retail weakness March 29, 2012 The FTSE was broadly flat in early trading with a bounce back in the mining sector helping to offset weaknesses among blue chip retailers like Marks & Spencer. Official figures which yesterday saw the UK’s GDP figures revised down have hit investor sentiment while energy stocks are coming under pressure from volatile oil prices. But [...]
Meccano-set towers: how London offices are evolving January 15, 2012 JE ne regrette rien. That is the message from Chris Grigg when we discuss his decision to quit banking in 2008 to take the reins at commercial property giant British Land. At the time, many in the City thought the former head of Barclays’ commercial bank was simply quitting one troubled industry for another; his [...]
British Land upbeat as its rents climb May 23, 2011 BRITISH Land yesterday reported a profit rise but its shares were dented after some analysts went lukewarm on the stock. The company reported a 12.5 per cent rise in net asset value (NAV) to 567p and a 2.8 per cent increase in underlying profit to £256m. But its shares were hit as some brokers downgraded [...]