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LAND - Land Securities News Story

953.2p 12.8  1.4%

Last Trade - 06/12/19

Sector
Financials
Size
Large Cap
Market Cap £7.07bn
Enterprise Value £10.83bn
Revenue £757.0m
Position in Universe 126th / 1840

UK's Land Securities posts first-half loss, hurt by store closures

Tue 12th November, 2019 7:25am
Nov 12 (Reuters) - Property developer Land Securities Group
 LAND.L  on Tuesday reported a first-half pretax loss, hit by
more retail store closures. 
    The company, which manages the Bluewater shopping centre in
southeast England, recorded a loss of 147 million pounds 
($188.10 million) for six-month period ended Sept. 30, compared
with a profit of 42 million pounds, a year earlier.  urn:newsml:reuters.com:*:nRSL0342Ta
    "With a general election next month and the UK's proposed
exit from the EU further delayed, we remain alert to market
risks. However, Landsec enters the next six months with
confidence", Chief Executive Officer Robert Noel said. 

($1 = 0.7815 pounds)

 (Reporting by Samantha Machado and Pushkala Aripaka in
Bengaluru; Editing by Bernard Orr)
 ((Samantha.machado@thomsonreuters.com; Within UK +44 20 7542
1810; Outside UK +918067499956; Reuters Messaging:
Samantha.machado@thomsonreuters.com))
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