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Pin to quick picksBritish Land Share News (BLND)

Share Price Information for British Land (BLND)

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Share Price: 395.80
Bid: 395.40
Ask: 395.80
Change: -2.80 (-0.70%)
Spread: 0.40 (0.101%)
Open: 395.00
High: 397.60
Low: 394.80
Prev. Close: 398.60
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DIRECTOR DEALINGS: Unilever South Asia president sells more shares

Thu, 25th May 2023 12:26

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and Thursday and not separately reported by Alliance News:

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Unilever PLC - London-based consumer products - Sanjiv Mehta, president of Unilever South Asia and member of Unilever leadership executive, sells 7,976 shares at GBP42.78, worth GBP341,227, on Monday. Mehta had sold 33,999 shares on Friday last week.

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NatWest Group PLC - Edinburgh-based bank - Robert Begbie, chief executive officer of NatWest Markets, sells 100,000 shares at GBP2.70, worth GBP270,270. John-Paul Thwaite, CEO of Commercial & Institutional for the ring-fenced bank, sells 80,000 shares at GBP2.71, worth GBP216,400. Both sales are on Wednesday.

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Frasers Group PLC - Shirebrook, England-based owner of House of Fraser, Sports Direct and Flannels retail chains - Put options sold by Founder Mike Ashley over 150,000 shares that were set to expire in September are exercised at GBP9.00 per share, worth GBP1.4 million. Ashley settles the exercise through the purchase of a spread bet equivalent to 150,000 shares at GBP9.01, also worth GBP1.4 million. Ashley also buys a spread bet equivalent to 100,000 shares at GBP7.06, worth GBP705,500. His investment vehicle MASH Holdings Ltd sells a put option over 800,000 shares, expiring in September, at GBP8.00, worth GBP6.4 million. All four transactions are on Wednesday. Ashley on Tuesday had settled an exercise for 250,000 shares with a spread bet for the same number and also had bought a spread bet over 100,000 shares. Ashley has a 71% voting interest in Frasers.

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British Land Co PLC - London-based commercial property development and investment - CEO Simon Carter buys 42,592 shares at average 356.86p, worth GBP151,994, on Wednesday.

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Hays PLC - London-based staff recruitment - Chief Customer Officer Steve Weston sells 111,293 shares at GBP1.12, worth GBP125,006, on Wednesday.

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Duke Royalty Ltd - Europe and North America-focused royalty financing - Chief Investment Officer Charles Cannon Brookes buys 382,470 shares at 30.14p, worth GBP115,276, on Wednesday. Now has 8.6 million shares, a 2.1% stake.

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By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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4 Oct 2023 09:38

British Land gets OK for 140,000 square feet London logistics scheme

(Alliance News) - British Land Co PLC on Wednesday said it received a resolution to grant planning permission for an around 140,000 square feet multi-level last-mile logistics scheme on Mandela Way, Southwark in London.

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London close: Stocks finish choppy session in the red

(Sharecast News) - London's stock markets presented a downbeat picture at the close of Wednesday's trading session.

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27 Sep 2023 11:51

Jefferies cuts Reit ratings as office vacancies mount

(Sharecast News) - Jefferies has downgraded a number of real estate investment trusts, including British Land, on the back of waning demand for office space.

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27 Sep 2023 09:17

LONDON BROKER RATINGS: Jefferies cuts Derwent, British Land, GPE

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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26 Sep 2023 16:47

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Broker tips: Burberry, Whitbread, REITs

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British Land notes achieving leasing above estimated recovery value

(Alliance News) - British Land Co PLC on Tuesday said it achieved leasing across the portfolio over a five-month period 13% ahead of estimated recovery value.

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26 Sep 2023 09:24

Morgan Stanley sees 'compelling' opportunity with UK property stocks

(Sharecast News) - UK real estate investment trusts (REITs) offer a "compelling" investment opportunity, according to analyst at Morgan Stanley, who said that the sector could soon see a recovery as challenging macro conditions slowly begin to ease.

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26 Sep 2023 09:23

LONDON BROKER RATINGS: RBC likes Bellway, Redrow among housebuilders

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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26 Sep 2023 07:28

British Land upbeat as leasing activity picks up in Q2

(Sharecast News) - Real estate giant British Land said it has seen "continued momentum" in the second quarter, with leasing income growth continuing to outpace estimated rental value (ERV).

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19 Sep 2023 10:36

IN BRIEF: British Land upgrades retail park guidance on large leasings

British Land Co PLC - London-based commercial property developer and investor - Increases retail park estimated rental value growth guidance for financial 2024 to between 3% and 5% from 2% to 4%, since "we continue to lease significantly above ERV". Has leased 511,000 square feet at 15.3% above ERV in the five months to August 30, with 677,000 square foot at 19.4% above ERV under offer. Says strong demand, limited supply, company's scale and focus on operational execution are keeping occupancy at 99% and "giving us strong pricing power." Notes five deals with Frasers Group PLC including two with Sports Direct causing premises at two England retail parks to "double in size" to 21,000 and 24,000 sq ft. Also notes a 23,000 sq ft letting to Primark in Scotland and a 43,000 sq ft letting with B&M in England. Says retail parks are "an attractive and liquid investment in the direct market."

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19 Sep 2023 09:34

British Land upgrades guidance on retail park assets

(Sharecast News) - British Land upgraded its guidance for its retail park assets on Tuesday, which it said had gained favour among a broad spectrum of customers, primarily for their affordability, convenience, and adaptability with omnichannel retailing.

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17 Sep 2023 22:39

Sunday newspaper round-up: Labour, British Land, Rolls-Royce

(Sharecast News) - Investors are now backing Labour, dealing a blow to the Prime Minister's efforts to rebuild the Tories reputation for sound money. Two thirds of money managers and traders canvassed by Bloomberg said that the best outcome for markets from the next election would be either a Labour government or a coalition led by Labour.Four fifths of those polled said that confidence in British assets had yet to recover from the mini-Budget crisis under Liz Truss. - The Sunday Telegraph

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15 Sep 2023 09:18

LONDON BROKER RATINGS: Berenberg likes Intertek; Goldman ups Derwent

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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LONDON BROKER RATINGS: JPMorgan cuts Tesco, B&M; Investec likes Relx

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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