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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: 394.80
Bid: 397.20
Ask: 397.40
Change: -3.80 (-0.95%)
Spread: 0.20 (0.05%)
Open: 395.00
High: 397.80
Low: 393.20
Prev. Close: 398.60
BLND Live PriceLast checked at -

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Sunday share tips: British Land, Land Securities

Sun, 21st May 2023 16:06

(Sharecast News) - The Financial Mail on Sunday's Midas column judged shares of British Land and Land Securities were worth holding onto.

"Neither looks expensive at this level and the yields are attractive, but their valuation depends on how commercial property performs and how we change our working and commuting culture," the tipster said.

"Land Securities' balance sheet and forecasts would seem to give it the edge, but both companies are worth holding on to for now, if you can stand a bumpy ride."

Shares of both firms had fallen sharply amid the fallout of work-from-home and changing patterns for workplaces and commuting.

The two companies' hefty losses were the result of valuation losses that hit the profit and loss statement, Midas explained.

Yet rising income meant that dividends rose.

In the case of British Land, overall occupancy in fact stood at 96.7%, underlying profit - which strips out valuation changes - was ahead by 7% and the company was recycling capital through disposals.

On the other hand, analysts in the City believed that British Land's debt was less attractive.

Nonetheless, Midas said that "Neither looks expensive at this level and the yields are attractive, but their valuation depends on how commercial property performs and how we change our working and commuting culture.

"Land Securities' balance sheet and forecasts would seem to give it the edge, but both companies are worth holding on to for now, if you can stand a bumpy ride."

More News
20 May 2024 08:15

British Land sells Meadowhall stake as sharpens retail park focus

(Alliance News) - Property investor British Land said it has struck a deal to sell its 50% stake in the Meadowhall Shopping Centre in Sheffield for GBP360 million as it continues to fine-tune its portfolio towards retail parks.

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20 May 2024 07:47

LONDON BRIEFING: Keywords would back GBP2.0 billion bid as EQT circles

(Alliance News) - London's FTSE 100 is called to open higher at the start of the week, while the pound climbed and gold hit another record high, with investors hopeful the Federal Reserve could soon cut US interest rates.

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20 May 2024 07:34

British Land disposes of Meadowhall asset after 25 years

(Sharecast News) - Real estate investment trust British Land has its 50% stake in Sheffield retail destination Meadowhall for £360m, offloading an asset it has held for 25 years.

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15 May 2024 16:03

UK earnings, trading statements calendar - next 7 days

Thursday 16 May 
Auction Technology Group PLCHalf Year Results
Bank of Cyprus Holdings PLCQ1 Results
BT Group PLCFull Year Results
Convatec Group PLCTrading Statement
easyJet PLCHalf Year Results
Future PLCHalf Year Results
Grainger PLCHalf Year Results
Helios Towers PLCQ1 Results
Nexus Infrastructure PLCHalf Year Results
Premier Foods PLCFull Year Results
Restore PLCTrading Statement
Sage Group PLCHalf Year Results
Tritax EuroBox PLCHalf Year Results
Tullow Oil PLCTrading Statement
Tyman PLCTrading Statement
United Utilities Group PLCFull Year Results
Vanquis Banking Group PLCTrading Statement
Vistry Group PLCTrading Statement
Friday 17 May 
Land Securities Group PLCFull Year Results
XLMedia PLCFull Year Results
Monday 20 May 
Kainos Group PLCFull Year Results
Likewise Group PLCFull Year Results
Nexxen International LtdQ1 Results
Ryanair Holdings PLCFull Year Results
Union Jack Oil PLCFull Year Results
Tuesday 21 May 
Assura PLCFull Year Results
Atalaya Mining PLCQ1 Results
Avon Protection PLCHalf Year Results
Caledonia Investments PLCFull Year Results
Calnex Solutions PLCFull Year Results
Cranswick PLCFull Year Results
Diaceutics PLCFull Year Results
FD Technologies PLCFull Year Results
Greencore Group PLCHalf Year Results
Ixico PLCHalf Year Results
Kingfisher PLCTrading Statement
Pennon Group PLCFull Year Results
Smiths Group PLCTrading Statement
SSP Group PLCHalf Year Results
Topps Tiles PLCHalf Year Results
Wednesday 22 May 
4imprint Group PLCTrading Statement
British Land Co PLCFull Year Results
Close Brothers Group PLCTrading Statement
Hardide PLCHalf Year Results
HICL Infrastructure PLCFull Year Results
Marks & Spencer Group PLCFull Year Results
Regional REIT LtdTrading Statement
RS Group PLCFull Year Results
Severn Trent PLCFull Year Results
SSE PLCFull Year Results
STS Global Income & Growth Trust PLCFull Year Results
  
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8 May 2024 09:39

LONDON BROKER RATINGS: UBS raises Centrica to 'buy' from 'neutral

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

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3 May 2024 16:52

London close: Stocks rise as US payrolls come in weaker

(Sharecast News) - London markets closed positively on Friday, as investors digested slower-than-expected payrolls growth in the US, while Anglo American jumped amid anticipation of a potential bidding war for the mining giant.

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3 May 2024 09:14

LONDON BROKER RATINGS: Jefferies cuts AJ Bell; Deutsche likes ConvaTec

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

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3 May 2024 07:50

LONDON BRIEFING: InterContinental Hotels makes first-quarter progress

(Alliance News) - London's FTSE 100 is called to open higher on Friday, on the expectation of a softer US jobs report, which could take some sting out of hawkish Federal Reserve interest rate expectations.

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12 Apr 2024 09:55

LONDON BROKER RATINGS: JPMorgan raises Taylor Wimpey, Persimmon

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

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25 Mar 2024 10:19

LONDON BROKER RATINGS: SocGen raises Sage; Numis cuts Virgin Money

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

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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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