BREAKING NEWS
This content is not available in your region

Real estate firm British Land's profit, asset value drop

Access to the comments Comments
Text size Aa Aa

(Reuters) – Real estate firm British Land Co <BLND.L> on Wednesday reported a fall in profit and the value of its assets in the first half of the year, as a raft of retail store closures continue to hit the UK property market.

The company’s shares slipped as much as 2% in early deals after it said underlying profit per share dropped 6.4%, while net asset value per share fell 5.4% for the six months ended Sept. 30.

The impact of a sluggish retailer sector has been felt across the board, with peer Land Securities <LAND.L> on Tuesday also pointing to challenges driven by retailers going into administration.

(Reporting by Pushkala Aripaka in Bengaluru; Editing by Shailesh Kuber)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.