Finance

British Land posts £1bn annual loss as valuations slump 12%

By 2023-05-17T08:56:00

Simon Carter British Land

British Land has posted a swing of almost £2bn from profit to loss as macroeconomic factors hit property values.

The group posted a pre-tax loss of £1.04bn for the year to the end of March, compared to a profit of £965m a year earlier.

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