for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Markets News

Losses soar at UK's Land Securities as pandemic hits rental market

Nov 10 (Reuters) - British property developer Land Securities Group Plc on Tuesday posted a bigger first-half pretax loss as rent payments were hit by a raft of store closures and fall in consumer demand due to COVID-19 restrictions.

The company said its loss before tax in the six months ended Sept. 30 widened to 835 million pounds ($1.10 billion) from a loss of 147 million pounds a year earlier.

$1 = 0.7588 pounds Reporting by Aakash Jagadeesh Babu in Bengaluru; Editing by Ramakrishnan M.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up