The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

British Land Drops Out of FTSE 100

British Land Drops out of FTSE 100
05 June 2023
 

Property development and investment company British Land has lost its place on the FTSE 100 Index after 21 years.

In its place, engineering company IMI will move from the FTSE 250 to the FTSE 100 Index. As of Monday, 19 June 2023, British Land will be added to the FTSE 250. 

FTSE 100 companies are the 100 most highly capitalised blue chip companies listed on London Stock Exchange, whereas the FTSE 250 Index comprises mid-capitalised companies not covered by the FTSE 100. The FTSE 250 represents approximately 15 per cent of UK market capitalisation.

Global Index provider FTSE Russell, announced the changes to the FTSE UK Index Series on 31 May 2023.

The FTSE 100 is considered to be one of the crucial indicators of the health of the UK stock market and economy,  intended to help investor benchmark their investments, representing the performance of the major capital and industry segments of the UK market. It is calculated by weighing all stocks listed on the London Stock Exchange by market capitalisation.

In its full-year results for 2023, British Land revealed that the value of its portfolio declined by 12.3 per cent.

Picture: a photograph showing a desk with some paperwork on it showing some graphs. A smartphone and a magnifying glass can also be seen on the desk. Image Credit: Pexels

Article written by Ella Tansley | Published 05 June 2023

Share



Related Articles

British Land Sells Stake in Meadowhall Shopping Centre

British Land has opted to sell its 50 per cent share in Meadowhall Shopping Centre to its partner Norges Bank Investment Management for £360 million. British...

 Read Full Article
JPC by Samsic Expands British Land Portfolio to Include Norton Folgate

JPC by Samsic has been appointed as the cleaning specialist for the redeveloped Norton Folgate​ in East London. As part of their existing relationship with British...

 Read Full Article
British Land and Royal London Form Joint Venture to Operate 1 Triton Square

British Land has sold 50 per cent of its stake in 1 Triton Square at Regents Place to Royal London Asset Management Property. The companies have formed a joint...

 Read Full Article
Printworks Will Remain a ‘Cultural Destination’ for London, Says British Land

As part of its Canada Water Masterplan, British Land hopes to “reinstate a permanent cultural venue” at the Printworks building. The venue closed its doors...

 Read Full Article
British Land Secures Planning for Southwark Logistics Hub

British Land has received a resolution to grant planning permission for a logistics hub in Southwark, the latest scheme in their London urban logistics...

 Read Full Article
Meta Breaks Lease on 1 Triton Square

Social media company Meta has paid £149 million to surrender its lease on its London office at 1 Triton Square. Building owner British Land reported the news in...

 Read Full Article
Canada Water Dockside Scheme to Go Ahead

A 1.5 million sq ft commercial scheme in Canada Water has been approved by Southwark Council. Co-designed by BIG and HWKN Architecture, the 4.5-acre site will be one...

 Read Full Article
British Land Plans New Logistics Hub in Enfield

British Land has received resolution to grant planning permission for a 455,000 sq ft multi-level logistics hub near Junction 25 of the M25. Intended to cater for the...

 Read Full Article
British Land Reveals Euston Tower Plans to Become Life Sciences Hub

British Land has unveiled plans to transform London’s Euston Tower into a life sciences and innovation hub. The building is set to become a modern, net-zero...

 Read Full Article
British Land Appoints Stanton Williams to Design Life Sciences Space at Canada Water

As part of its Canada Water Masterplan, British Land and AustralianSuper have appointed Stanton Williams to design a 300,000 sq ft life sciences scheme. Stanton...

 Read Full Article