LandSec released its FY17/18 results, posting a £-252m loss, after £113m one year ago. This loss mainly reflected the cost of a major refinancing round (over £1.5bn) and a stagnating retail sector. Its shopping centres’ valuation fell by 3% yoy.
31 May 2018
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Trapped by excess caution?
Land Securities Group PLC (LAND:LON) | 655 -15.7 (-0.4%) | Mkt Cap: 4,881m
- Published:
31 May 2018 -
Author:
Zeineb SAHNOUN -
Pages:
2
LandSec released its FY17/18 results, posting a £-252m loss, after £113m one year ago. This loss mainly reflected the cost of a major refinancing round (over £1.5bn) and a stagnating retail sector. Its shopping centres’ valuation fell by 3% yoy.