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Land Securities Group PLC (LAND.L)

LAND.L on London Stock Exchange

950.80GBp
23 Feb 2018
Change (% chg)

13.50 (+1.44%)
Prev Close
937.30
Open
937.00
Day's High
953.40
Day's Low
936.90
Volume
708,137
Avg. Vol
2,933,860
52-wk High
1,217.07
52-wk Low
912.00

Latest Key Developments (Source: Significant Developments)

Land Securities says ‍headwinds of Brexit starting to show in economy
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Land Securities Group Plc :INTERIM DIVIDEND UP 10.1 PERCENT TO 19.7 PENCE PER SHARE.REVENUE PROFIT IS UP 5.2% AND ADJUSTED DILUTED EARNINGS PER SHARE ARE UP 5.8% FOR SIX MONTHS ENDED 30 SEPTEMBER 2017​.‍VALUATION OF COMBINED PORTFOLIO IS LITTLE CHANGED, ADJUSTED DILUTED NET ASSET VALUE PER SHARE IS UP 1.1% VALUATION OF COMBINED PORTFOLIO IS LITTLE CHANGED, ADJUSTED DILUTED NET ASSET VALUE PER SHARE IS UP 1.1%​.‍SALE OF 20 FENCHURCH STREET, EC3 AT AN EXCEPTIONAL PRICE DEMONSTRATED OUR DISCIPLINED APPROACH TO MANAGING CAPITAL​.‍ SALE OF 20 FENCHURCH STREET CRYSTALLISED A 170% PROFIT ON COST AND SIGNIFICANT VALUE FOR SHAREHOLDERS​.‍HEADWINDS OF BREXIT ARE BEGINNING TO SHOW IN ECONOMY​.‍ACQUISITIONS, DEVELOPMENT AND REFURBISHMENT EXPENDITURE OF £463M​.‍FIRST HALF DIVIDEND OF 19.7P, UP 10.1%​.‍"NEGOTIATIONS WITH EU ARE MOVING MORE SLOWLY THAN BUSINESSES WOULD HAVE HOPED. COUPLED WITH POLITICAL UNCERTAINTY, THIS IS LEADING TO CAUTION"​.‍"IN LONDON, WE ARE HAPPY NOT TO BE DELIVERING SPECULATIVE BUILDINGS IN SHORT TERM"​.‍"OVER NEXT SIX MONTHS, WE WILL CONTINUE TO FOCUS ON ASSET MANAGEMENT AND PREPARATIONS FOR FUTURE INVESTMENT AND DEVELOPMENT"​.REVENUE PROFIT OF £203M IN SIX MONTHS ENDED 30 SEPTEMBER 2017 (VERSUS £193M)‍​.LOSS BEFORE TAX £(33)M IN SIX MONTHS ENDED 30 SEPTEMBER 2017 (VERSUS £(95)M)‍​.  Full Article

Interserve wins facilities management account with Land Securities
Monday, 17 Oct 2016 

Interserve Plc : Contract win . Interserve wins £37.5 million facilities management account with Land Securities .Will provide a range of services including security, cleaning, customer service support and waste management, across eight of Land Securities' flagship shopping centres.  Full Article

Land Securities says ADR programme terminated
Monday, 5 Sep 2016 

Land Securities Group Plc : American depositary receipt ("ADR") programme was terminated as of 1 September 2016 .Depositary will attempt to sell remaining ordinary shares held on deposit.  Full Article

Land Securities full-year NAV rises
Tuesday, 17 May 2016 

Land Securities Group Plc : FY basic NAV per share at 1,482p versus 1,343p year earlier . Adjusted diluted nav per share(3) 1,434p versus 1,293p last year . Profit before tax £1,335.6m versus £2,416.5m last year . Dividend 35.0p versus 31.85p last year . Ungeared total property return 11.5 pct (IPD quarterly universe 11.3 pct) . Aim to maintain our progressive dividend policy from this level . Though no asset is sacrosanct, we are not expecting to make any material disposals over coming year . Believe a vote to leave EU would lead to business uncertainty while negotiations take place on an exit treaty . Over short term, we anticipate uncertainty around EU vote would drive down occupational demand in our market . Final dividend 10.55 pence per share .Total dividend up 9.9 percent to 35 pence per share.  Full Article

BRIEF-Land Securities ‍Confirms Third Interim Dividend

* ‍CONFIRMS THAT THIRD INTERIM DIVIDEND FOR 2017/18 WILL BE 9.85P PER ORDINARY SHARE, PAYABLE ON APRIL 6​ Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)