UK's biggest property frim surpasses profit hopes

The owner of New Scotland Yard in England and a clutch of regional shopping centres around the UK showed the strength of its portfolio today with an 8% rise in profits.

Land Securities, which is the UK’s largest property company, said it had enjoyed a bright start to its financial year after net asset value per share – a key measure of the value of its investments – rose 8.4% to 1443p.