Landlords leap as they say property can see the light

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

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