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Pin to quick picksBritish Land Share News (BLND)

Share Price Information for British Land (BLND)

London Stock Exchange
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Share Price: 403.60
Bid: 403.60
Ask: 404.00
Change: 10.00 (2.54%)
Spread: 0.40 (0.099%)
Open: 388.20
High: 406.20
Low: 388.20
Prev. Close: 393.60
BLND Live PriceLast checked at -

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Miners, oil stocks support FTSE 100, strong pound limits gains

Tue, 11th Jul 2023 17:25

Miners gain on weaker dollar, China stimulus hopes

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British Land gains after positive trading update

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FTSE 100 up 0.1%, FTSE 250 adds 0.6%

July 11 (Reuters) - The internationally-focused FTSE 100 edged higher on Tuesday, buoyed by a rise in commodity-linked stocks, while a strengthening pound after domestic wage data limited further gains.

The blue-chip FTSE 100 ended 0.1% higher, and the domestically-focused FTSE 250 midcap index added 0.6%.

Sterling firmed to its strongest level in over a year against both the dollar and the euro after a key measure of British wages rose at the joint fastest pace on record, raising concerns that the Bank of England would continue to hike interest rates.

"Inflation isn't really proving transitory or isn't rolling over in quite the way some would have hoped, and in the UK it's actually a little bit stickier than on a global basis," said Wes McCoy, investment director at Abrdn.

"So our need to put up interest rates more aggressively coupled with weaker economic environment globally means a difficult economic picture."

Deutsche Bank now expects the BoE to raise interest rates by half a percentage point at its August meeting, up from 25 basis points earlier.

Investor focus would remain on crucial U.S. inflation data due on Wednesday to assess the state of the world's largest economy and where the Federal Reserve stands on monetary policy tightening.

Industrial metal miners added 1.3% as most base metal prices rose on a weaker dollar, and helped by easing property market policies in China.

Additionally, oil stocks added 0.9%.

British Land rose 3.8% after the commercial property firm said it still expects strong operational momentum despite macroeconomic uncertainty.

The real estate sector advanced 2.2%.

Dowlais Group slid 5.9% after Citigroup initiated coverage on the specialist engineering group with a "sell" rating, dragging the automobile sector down 3.5%.

Meanwhile, a British Retail Consortium survey showed retail spending increased by 4.9% in annual terms in June. (Reporting by Shashwat Chauhan and Shristi Achar A in Bengaluru; Editing by Janane Venkatraman and Sharon Singleton)

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22 Mar 2024 09:21

British Land appoints Next's CFO as non-executive director

(Alliance News) - British Land Co PLC on Friday said it has hired fashion retailer Next PLC's chief financial officer, Amanda Jones, as non-executive director, with effect from July 1.

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18 Mar 2024 15:33

London close: Stocks slip ahead of central bank decisions

(Sharecast News) - London markets closed with a slight downturn on Monday as investors monitored upcoming rate decisions from a number of central banks.

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18 Mar 2024 09:52

British Land sells 50% stake in former Meta office to Royal London AM

(Alliance News) - British Land Co PLC on Monday said it has formed a equal joint venture with the Royal London Asset Management Ltd to "accelerate" the delivery of 1 Triton Square in Regent's Place, London.

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18 Mar 2024 07:12

British Land sells 50% stake in former Meta HQ to Royal London

(Sharecast News) - British Land said on Monday that it has sold half its stake in London office 1 Triton Square - the former HQ of Facebook owner Meta - to Royal London Asset Management.

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15 Mar 2024 15:07

London close: Stocks finish mixed after Reckitt compo blow

(Sharecast News) - London's equity markets finished in a mixed state at the end of a quiet trading session on Friday, after another hotter-than-expected US inflation reading overnight.

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15 Mar 2024 10:07

Shore Cap ups rating on British Land, Derwent

(Sharecast News) - Shore Capital has upgraded British Land and Derwent London to 'buy' in its latest review of the UK real estate sector.

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11 Mar 2024 08:36

Marston's Chair William Rucker to leave to take chair of British Land

(Alliance News) - British Land Co PLC on Monday said it appointed Marston's PLC Chair William Rucker as chair designate, with Rucker leaving the Marston's board as a result.

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11 Mar 2024 07:45

LONDON BRIEFING: Currys suitor rules out bid; Vanquis warns on 2024

(Alliance News) - Stocks in London are called to open lower on Monday, in a nervy start to the week ahead of US inflation data due on Tuesday.

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11 Mar 2024 07:22

British Land to steal chair from Marston's

(Sharecast News) - Real estate group British Land has announced that William Rucker, the chair of Marston's, is to become its new chair designate in the summer and will leave the pub and hotel operator after five and a half years on the job.

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5 Feb 2024 16:22

London close: Stocks turn lower on renewed interest rate concerns

(Sharecast News) - London's financial markets had turned negative by the close of trading on Monday, after better-than-expected UK services data was offset by a downward revision in service activity in the United States.

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