British Land will seek to reassure shareholders that it is business as usual when it unveils results on Tuesday after shares soared late last week on talk of a multi-billion-pound bid. Investors may also be buoyed by reports that the property giant may announce it is to sell a 50% stake in its flagship £2.3bn Broadgate development. Sources close to Credit Suisse, who is said to be considering funding a £10bn bid by a consortium led by steel magnate Lakshmi Mittal and the Abu Dhabi ruling family, dismissed the talk as “rubbish”. This news had not filtered through to the stock market at close on Friday, with BL emerging as the day’s biggest riser. Shares soared 19.4 to 512.5p. 16/08/09 Mail on Sunday 44
British Land will seek to reassure shareholders that it is business as usual when it unveils results on Tuesday after shares soared late last week on talk of a multi-billion-pound bid.
Investors may also be buoyed by reports that the property giant may announce it is to sell a 50% stake in its flagship £2.3bn Broadgate development.
Sources close to Credit Suisse, who is said to be considering funding a £10bn bid by a consortium led by steel magnate Lakshmi Mittal and the Abu Dhabi ruling family, dismissed the talk as “rubbish”.
This news had not filtered through to the stock market at close on Friday, with BL emerging as the day’s biggest riser. Shares soared 19.4 to 512.5p.
16/08/09 Mail on Sunday 44
