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Land Securities Group PLC (LAND.L)

LAND.L on London Stock Exchange

984.00GBp
15 Dec 2017
Change (% chg)

5.50 (+0.56%)
Prev Close
978.50
Open
980.00
Day's High
984.00
Day's Low
969.00
Volume
6,422,326
Avg. Vol
2,796,613
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

Land Securities Group PLC declares third interim dividend
Thursday, 21 Jan 2016 

Land Securities Group PLC:Says third interim dividend of 8.15 pence per share will be paid on 8 April 2016, entirely as a Property Income Distribution (PID), to shareholders on the register on 11 March 2016.  Full Article

BRIEF-Land Securities appoints new board members

* ‍COLETTE O'SHEA (MANAGING DIRECTOR, LONDON PORTFOLIO) AND SCOTT PARSONS (MANAGING DIRECTOR, RETAIL PORTFOLIO) WILL BE APPOINTED TO BOARD WITH EFFECT FROM 1 JANUARY 2018​ Further company coverage: (Reporting by Dasha Afanasieva)