£1 Billion Loss For British Land As Copes With Tides Of E-Commerce And Homeworking
“There is no mistaking the challenge British Land Company PLC (LON:BLND) is facing. It’s not only being threatened by the rising tide of homeworking, but like a sandcastle, it faces fresh erosion from the heavy spade of e-commerce. Q1 2021 hedge fund letters, conferences and more Losses For British LandIt has reported a full year post tax loss of £1 billion, taking a huge hit from the 10.8% write down in the value of its property portfolio to £9.1 billion. Underlying profit fell 34%, to £201 million as rental income fell from tenants. It’s been getting its house in order to cope with these shi...