British Land posted an annual profit hike of more than +100%, mainly thanks to property revaluations (+2.2% yoy) which reached £13.7bn in FY17/18 (967p/share). The company’s good numbers were backed by London’s brisk office market which has absorbed the negatives of retail’s challenging environment due to the ongoing Brexit negotiations and increasing online pressure.
31 May 2018
Surprisingly resilient
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Surprisingly resilient
British Land Company PLC (BLND:LON) | 396 7.9 0.5% | Mkt Cap: 3,673m
- Published:
31 May 2018 -
Author:
Zeineb SAHNOUN -
Pages:
3
British Land posted an annual profit hike of more than +100%, mainly thanks to property revaluations (+2.2% yoy) which reached £13.7bn in FY17/18 (967p/share). The company’s good numbers were backed by London’s brisk office market which has absorbed the negatives of retail’s challenging environment due to the ongoing Brexit negotiations and increasing online pressure.