Land Securities reports £1.73bn loss

Land Securities has reported a loss of £1.73bn for the first half of the year and shelved plans to split into three.

The net loss compared with a profit of £367m a year earlier.

The property company said adverse conditions had forced it to rethink its plans to demerge its retail and office divisions.

The sale of its Trillium property services division is still being evaluated, reported the Guardian.