Business
Land Securities - CEO and FD Interviewed on Pre...
Land Securities - CEO and FD Interviewed on Pre....
About this update from Land Securities Group Plc
[{"type":"text","content":"\n \n\n\n\nLONDON, May 13 /PRNewswire/ -- Land Securities, the UK commercial property \ngroup, today announced\nprelminary results for the year ended 31 March 2009.\n\n\n\n In a video interview Land Securities Group Chief Executive Francis Salway\nsaid:\n\n\n\n \"We recognise that this has been the year when there's been the sharpest\nfalls in value on record for UK commercial property, and we've not been\nimmune to that. And because valuation change now flows through to our pre-tax\nprofit or loss, that has resulted in us announcing a substantial loss.\"\n\n\n\n Following the sale of Trillium, he said the company was now \"focused on\ntwo best-in-class businesses covering London offices and Retail\", which\nenjoyed unrivalled occupier relationships. He also underlined that the\ndemerger plan was off the agenda.\n\n\n\n Martin Greenslade, Group Finance Director, talks about actions taken to\nprotect the balance sheet including disposals, bank facilities and the rights\noffering earlier this year.\n\n\n\n The interview and transcript are available now on\nhttp://w3.cantos.com/land_securities.\n\n\n\n It's free to view. All you need to do is register at \nhttp://www.cantos.com. Cantos.com, the online financial broadcaster, \nfeatures in-depth interviews, documentaries and webcasts with senior company \nexecutives. If you would like to contact us, please email \[email protected] or phone +44(0)207-936-1333.\n ","length":1420,"tagName":"div"}]