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Land Securities Group PLC (LAND.L)

LAND.L on London Stock Exchange

1,001.50GBp
13 Dec 2019
Change (% chg)

69.50 (+7.46%)
Prev Close
932.00
Open
982.00
Day's High
1,019.50
Day's Low
980.40
Volume
5,452,241
Avg. Vol
2,489,481
52-wk High
1,019.50
52-wk Low
731.80

Latest Key Developments (Source: Significant Developments)

Land Securities Says Mark Allan To Replace Robert Noel As CEO
Friday, 22 Nov 2019 

Nov 22 (Reuters) - Land Securities Group PLC ::NEW CHIEF EXECUTIVE APPOINTMENT.MARK ALLAN IS TO BE APPOINTED AS ITS NEXT CHIEF EXECUTIVE OFFICER.THAT MARK ALLAN IS TO BE APPOINTED AS ITS NEXT CHIEF EXECUTIVE OFFICER.MARK ALLAN TO TAKE UP NEW ROLE, BECOME EXECUTIVE DIRECTOR, WITH EFFECT FROM DATE TO BE CONFIRMED BUT BY NO LATER THAN 1 JUNE.ROBERT NOEL TO CONTINUE AS CEO FOR TIME BEING AND FURTHER ANNOUNCEMENT WILL BE MADE IN DUE COURSE REGARDING HIS LEAVING DATE.  Full Article

St. Modwen Says Mark Allan, Chief Executive, Intends To Leave Co
Friday, 22 Nov 2019 

Nov 22 (Reuters) - St. Modwen Properties PLC ::NOTICE OF DIRECTORATE CHANGE.MARK ALLAN, CHIEF EXECUTIVE, HAS ADVISED BOARD OF HIS INTENTION TO LEAVE ST. MODWEN.MARK ALLAN TO LEAVE ST. MODWEN IN ORDER TO BECOME CEO OF LAND SECURITIES GROUP PLC.BOARD WILL NOW BEGIN PROCESS TO APPOINT A SUCCESSOR.  Full Article

Land Securities Posts HY Loss, Says Alert To Market Risks With Upcoming Election, Brexit
Tuesday, 12 Nov 2019 

Nov 12 (Reuters) - Land Securities Group PLC ::HALF-YEARLY RESULTS.HY REVENUE PROFIT UP 0.4% TO £225M.HY LOSS BEFORE TAX FOR PERIOD OF £147M (2018: PROFIT OF £42M).FIRST HALF DIVIDEND UP 2.7% TO 23.2P PER SHARE.HY ADJUSTED DILUTED EARNINGS PER SHARE UP 0.3% TO 30.4P.HY EPRA NET ASSETS PER SHARE DOWN 3.2% TO 1,296P.HY ADJUSTED NET DEBT OF £3.8BN (31 MARCH 2019: £3.7BN).IN HY, OFFICE MARKET IN LONDON CONTINUES TO REMAIN IN GOOD HEALTH.RETAIL MARKET CONTINUES TO BE CHALLENGED AS RETAILERS ADAPT TO STRUCTURAL CHANGE, RISING COSTS, MORE CAUTIOUS CONSUMER IN HY.IN HY, LIMITED DEMAND FOR SPACE AND POOR INVESTOR SENTIMENT IS IMPACTING RENTAL AND CAPITAL VALUES."WITH A GENERAL ELECTION NEXT MONTH AND UK'S PROPOSED EXIT FROM EU FURTHER DELAYED, WE REMAIN ALERT TO MARKET RISKS"​.  Full Article

Land Securities Says Interim Dividend To Be 11.6 Pence Per Ordinary Share
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Land Securities Group PLC ::CONFIRMATION OF DIVIDEND.CONFIRMS THAT FIRST INTERIM DIVIDEND FOR 2019/20 FINANCIAL YEAR WILL BE 11.6P PER ORDINARY SHARE.DIVIDEND WILL BE PAID ENTIRELY AS A PROPERTY INCOME DISTRIBUTION.  Full Article

Land Securities Posts Bigger Annual Loss
Tuesday, 14 May 2019 

May 14 (Reuters) - Land Securities Group PLC ::LAND SEC. GROUP PLC - FINAL RESULTS.LAND SECURITIES GROUP PLC - FY INCREASE IN REVENUE PROFIT OF 8.9% TO £442M.LAND SECURITIES GROUP PLC - FY ADJUSTED DILUTED EARNINGS PER SHARE WERE UP 12.4% TO 59.7P.LAND SECURITIES GROUP PLC - RECOMMENDING A FINAL DIVIDEND OF 11.65P GIVING A TOTAL DIVIDEND FOR YEAR OF 45.55P PER SHARE.LAND SECURITIES- FY WEAKER RETAIL MARKETS ACCOUNT FOR OVERALL 41% FALL IN VALUE OF ASSETS AND 4.6% REDUCTION IN EPRA NET ASSETS PER SHARE TO 1,339P.LAND SECURITIES GROUP PLC - 65% OF ASSETS BY VALUE AND OUR ENTIRE £3.0BN PIPELINE OF DEVELOPMENT OPPORTUNITIES ARE NOW IN LONDON.LAND SECURITIES GROUP PLC - FY LIKE-FOR-LIKE NET RENTAL INCOME UP £10M OR 1.9%.LAND SECURITIES GROUP PLC - ASSETS DECLINED IN VALUE BY 4.1% IN AGGREGATE OVER YEAR.LAND SECURITIES GROUP PLC - RECOMMENDING A FINAL DIVIDEND OF 11.65P GIVING A TOTAL DIVIDEND FOR YEAR OF 45.55P PER SHARE.LAND SECURITIES GROUP PLC - SEEN A NOTICEABLE SHIFT TO QUALITY SPACE BY OCCUPIERS IN LONDON AND VACANCY RATE HAS FALLEN.LAND SECURITIES GROUP PLC - SEE NO NEAR-TERM IMPROVEMENT IN RETAIL MARKET CONDITIONS, WITH CVA ACTIVITY SET TO CONTINUE.LAND SECURITIES GROUP PLC - RENTAL VALUES ARE LIKELY TO DECLINE FURTHER IN SHOPPING CENTRES AND RETAIL PARKS.LAND SECURITIES GROUP PLC - ACTIVITIES IN LONDON AS A PERCENTAGE OF PORTFOLIO WILL INCREASE IN COMING YEARS.  Full Article

Land Securities Launches New Flexible Office Brand
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - Land Securities Group PLC ::LANDSEC LAUNCHES NEW FLEXIBLE OFFICE BRAND.LAUNCHED ITS NEW FLEXIBLE OFFICE BRAND, MYO.MYO WILL WELCOME ITS FIRST CUSTOMERS TO 123 VICTORIA STREET IN APRIL 2019.  Full Article

Land Securities Says Land Securities Launched Separate Invitations To Holders Of Three Series Of Bonds
Friday, 16 Mar 2018 

March 16 (Reuters) - Land Securities Group Plc ::CONFIRMS UNIT, LAND SECURITIES , LAUNCHED SEPARATE INVITATIONS TO HOLDERS OF THREE SERIES OF ITS BONDS TO TENDER THEIR NOTES FOR CASH​.‍NOTES HAVE AN EXPECTED MATURITY DATE RANGING FROM 2025 TO 2034​.  Full Article

Land Securities Says ‍Dame Alison Carnwath To Retire From Board In 2018
Friday, 2 Mar 2018 

March 2 (Reuters) - Land Securities Group Plc ::‍DAME ALISON CARNWATH INTENDS TO RETIRE FROM BOARD IN 2018, HAVING SERVED NINE YEARS AS CHAIRMAN AND THIRTEEN YEARS ON BOARD​.‍BOARD HAS BEEN CONDUCTING A PROCESS WITH ASSISTANCE FROM EXTERNAL CONSULTANTS TO IDENTIFY AND APPOINT NEXT LANDSEC CHAIRMAN​.‍FURTHER ANNOUNCEMENT WILL BE MADE IN DUE COURSE AND DAME ALISON WILL CONTINUE IN HER ROLE UNTIL THIS PROCESS IS COMPLETE​.  Full Article

Land Securities ‍Confirms Third Interim Dividend
Wednesday, 21 Feb 2018 

Feb 21 (Reuters) - Land Securities Group Plc ::‍CONFIRMS THAT THIRD INTERIM DIVIDEND FOR 2017/18 WILL BE 9.85P PER ORDINARY SHARE, PAYABLE ON APRIL 6​.  Full Article

Land Sec Says Resolution To Grant Planning Permission Secured For Moorfields Project
Tuesday, 20 Feb 2018 

Feb 20 (Reuters) - Land Securities Group Plc ::HAS SECURED A RESOLUTION TO GRANT A REVISED PLANNING PERMISSION FOR ITS PROPOSED 564,000 SQ FT DEVELOPMENT AT 21 MOORFIELDS, EC2.IN JULY 2017 LANDSEC AND DEUTSCHE BANK EXCHANGED A PRE-LET AGREEMENT FOR BANK'S NEW LONDON HEADQUARTERS.EXPECTS THAT CONSTRUCTION WILL CONTINUE STRAIGHT THROUGH TO PRACTICAL COMPLETION, ANTICIPATED IN NOVEMBER 2021.  Full Article

UPDATE 1-Land Securities names St. Modwen Properties' Mark Allan CEO

Nov 22 British property developer Land Securities Group on Friday named St. Modwen Properties' top boss Mark Allan as its new chief executive officer, replacing Robert Noel, who will step down next year.