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Pin to quick picksLand Securities Share News (LAND)

Share Price Information for Land Securities (LAND)

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Share Price: 628.00
Bid: 627.50
Ask: 628.00
Change: -2.00 (-0.32%)
Spread: 0.50 (0.08%)
Open: 625.50
High: 632.00
Low: 624.00
Prev. Close: 630.00
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Britain due to decide on new London runway amid political chaos

Mon, 27th Jun 2016 16:36

By Sarah Young

LONDON, June 27 (Reuters) - The British government is stillon course to make a decision this summer on where to build a newLondon airport runway, a spokeswoman said, despite the politicalchaos caused by the Brexit vote.

After Prime Minister David Cameron's announcement that hewill resign by October, a group of business leaders wrote aletter to a newspaper on Monday calling for the long-awaitedinvestment decision to be taken "as a matter of urgency".

Cameron's government has taken four years to decide where tobuild a new runway, with Heathrow seen as the front-runner overrival Gatwick, and a final decision had been due in weeks.

Former London mayor Boris Johnson, the favourite to succeedCameron as prime minister, has opposed expansion at Heathrow andonce said he would lie down in front of the bulldozers to stop athird runway being built there.

Past attempts to expand Heathrow, located close todensely-populated west London, have been hampered by localopposition, due to worries about increased noise and airpollution.

The chief executive of Gatwick, located south of the city ina less populated area, is due to say in a speech that Brexit hasstrengthened his argument that it would be easier and moreeffective to build the runway there.

"It is now clearer than ever that only Gatwick can deliverthe new runway Britain needs," Gatwick Chief Executive StewartWingate will tell a conference on Tuesday, according to extractsof the speech provided by the airport to media.

"In these uncertain times that means Gatwick can give thecountry certainty of delivery. Britain cannot afford yet moredelay."

A spokesman for Heathrow said his airport was "the UK'sgateway to global markets". It released research on Sunday whichshowed that two-thirds of 150 lawmakers polled supportedbuilding the new runway there.

Transport Minister Patrick McLoughlin has said that thisdecision will be made before the end of July.

A spokeswoman for Cameron said on Monday that there was nochange in the timetable, and that the government would announceits decision once it had seen the results of furtherenvironmental assessments.

On Monday, fifty business leaders including the CEOs ofbroker ICAP, real estate company Land Securities and insurer Legal & General published a letterin the Times saying the Brexit vote made the need for a newrunway more pressing given that Britain would need to step-uptrade with economies beyond the EU. (Editing by Robin Pomeroy)

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UK earnings, trading statements calendar - next 7 days

Wednesday 9 November 
Aviva PLCTrading Statement
Bank of Ireland Group PLCTrading Statement
Biffa PLCHalf Year Results
Conduit Holdings LtdTrading Statement
Dignity PLCTrading Statement
Esken LtdHalf Year Results
FirstGroup PLCHalf Year Results
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Georgia Capital PLCQ3 Results
Gym Group PLCTrading Statement
JD Wetherspoon PLCTrading Statement
ITV PLCTrading Statement
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MaxCyte IncQ3 Results
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Smiths Group PLCTrading Statement
Smiths News PLCFull Year Results
Taylor Wimpey PLCTrading Statement
Tracsis PLCFull Year Results
Volex PLCHalf Year Results
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3i Group PLCHalf Year Results
Allianz Technology Trust PLCQ3 Results
AstraZeneca PLCQ3 Results
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B&M European Value Retail SAHalf Year Results
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ConvaTec Group PLCTrading Statement
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Haleon PLCQ3 Results
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Nightcap PLCFull Year Results
Qinetiq Group PLCHalf Year Results
Regional REIT LtdTrading Statement
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Spirent Communications PLCTrading Statement
Smoove PLCHalf Year Results
Tate & Lyle PLCHalf Year Results
TT Electronics PLCTrading Statement
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Young & Co's Brewery PLCHalf Year Results
WH Smith PLCFull Year Results
Friday 11 November 
Beazley PLCHalf Year Results
Permanent TSB Group Holdings PLCTrading Statement
TheWorks.co.uk PLCTrading Statement
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Monday 14 November 
Atalaya Mining PLCQ3 Results
Biome Technologies PLCTrading Statement
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Diversified Energy Co PLCTrading Statement
HgCapital Trust PLCQ3 Results
Informa PLCTrading Statement
Kainos Group PLCHalf Year Results
MySale Group PLCFull Year Results
S4 Capital PLCQ3 Results
Totally PLCHalf Year Results
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BAE Systems PLCTrading Statement
Gear4Music PLCHalf Year Results
Imperial Brands PLCFull Year Results
Land Securities Group PLCHalf Year Results
Melrose Industries PLCTrading Statement
Ninety One PLC and LtdHalf Year Results
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Copyright 2022 Alliance News Limited. All Rights Reserved.

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UK dividends calendar - next 7 days

Monday 3 October 
Appreciate Group PLCdividend payment date
Blackrock Sustainable American Income Trust PLCdividend payment date
CLS Holdings PLCdividend payment date
Warehouse REIT PLCdividend payment date
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abrdn Latin American Income Fund Ltdex-dividend date
abrdn Smaller Companies Income Trust PLCex-dividend date
abrdn UK Smaller Companies Growth Trust PLCex-dividend date
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Bodycote PLCex-dividend date
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D4T4 Solutions PLCspecial dividend date
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European Assets Trust PLCex-dividend date
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