Land Securities, the UK’s biggest property company, will today confirm plans to break its business into three despite rumours of disagreement among board members. Daily Telegraph

The plans will see the FTSE 100 company de-merge Trillium, worth more than £1bn, and then split the remaining property company into retail and office divisions.

Current chief executive Francis Salway is expected to head the retail business, Mike Hussey offices and Ian Ellis Trillium.