The commercial landlords British Land and Land Securities buoyed the FTSE 100 index even as the property market contends with rising interest rates and a shift in working patterns. Both companies suggested last week that the bottom was in sight for property values and they were up, respectively, by 9¼p, or 2.6 per cent, to 365¾p, and by 4¾p, or 0.8 per cent, to 636¼p.
British American Tobacco was among the top risers on the FTSE 100 on hopes that its new boss may listen to investors’ calls for a share buyback. The Financial Times reported that shareholders have been urging Tadeu Marroco to address a decline in BAT’s stock price over the past year by speeding up capital returns. Marroco has replaced former chief