British Land has refused to comment on the Merrill Lynch report describing the company as autocratic and nepotistic and calling for its possible break-up.The company, whose half-year results come out at the end of the month, fell out of favour in June 1999 when it slipped out of the FTSE 100.
Merrill Lynch suggests the company should split itself into two one owning the office blocks and the other, the retail property. It should also consider selling some assets to rivals in return for shares, the investment bank says.
The Daily Telegraph 18/05/01 page 37
