Land Securities Group plc LON:LAND

The United Kingdom allowed its non-essential retailers to reopen for the public in mid-June. In the two weeks following the ease of COVID-19 restrictions, Land Securities (LON: LAND) revealed on Friday that comparable sales at the British shopping centres that it owns are now only 20% down on a year over year basis. Land Securities swung to an £840 million annual pre-tax loss in fiscal 2020. Shares of the company that owns the Bluewater Shopping...

Land Securities Group (LON: LAND) released its financial report on Tuesday that posted an £840 million annual pre-tax loss. The company attributed its downbeat performance to the Coronavirus pandemic that fuelled defaults and made it increasingly difficult for tenants to pay rent. The retail market, the company added, also took a massive hit as the health crisis pushed multiple stores into closure.   On the revenue front, Land Securities pri...

The FTSE 100 looks set to open lower this morning even as the US Federal Reserve moved to trim interest rates. On the corporate front, investors are set to digest Next’s (LON:NXT) latest results. FTSE 100 seen lower IG’s opening calls suggest that the FTSE 100 will start trading 0.20 percent lower at 7,299 points. In the US, stocks closed little changed even as the Fed lowered the overnight rate by 25 basis points. The US central bank, however, f...

Intu Properties’ (LON:INTU) share price has soared in London in today’s session, finding support in a report in The Sunday Times which suggested that private equity firm Orion Capital Managers was looking to buy the shopping centre operator. The news after the London-listed company posted its interims in July, saying that it had seen a challenging first half. As of 13:37 BST, Intu’s share price had added 10.30 percent to 40.26p. Despite today’s a...

The FTSE 100 looks set to extend the previous session’s gains, benefitting from strong leads from the US and Asia, where investors have welcomed the easing of tensions in Hong Kong. Brexit will also stay in focus with investors monitoring the latest political developments in the UK. FTSE 100 seen higher IG’s opening calls suggest that the Footsie will start trading 0.38 percent higher at 7,339 points. In the US, shares rose last night with the wi...

The FTSE 100 index looks set to open higher this morning, with investors digesting comments by the US Federal Reserve and awaiting a Bank of England policy meeting at home. GlaxoSmithKline (LON:GSK) will be in focus on the corporate front today, amid reports that it is looking to sell some consumer health brands. FTSE 100 seen higher Reuters reports that the Footsie is seen opening 24 points higher at 7,427, according to financial bookmakers. In...

The FTSE 100 looks set to open higher in London this morning, shrugging off concerns over the US-China trade war. On the corporate front, Vodafone (LON:VOD) will post its preliminary results this morning, following reports that it might trim its payout to shareholders. FTSE 100 looking up IG’s opening calls suggest that the Footsie will start trading 0.23 percent higher at 7,180 points. The blue-chip index is likely to shrug off a downbeat lead f...

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