LONDON - Real estate giants British Land and Land Securities sank into the red in the first half of 2016, partly hit by sliding commercial property prices after the shock Brexit vote. That followed a year-earlier loss of pound sterling707.9 million. "Uncertainty hangs over many issues and businesses find themselves in uncharted territory" following the Brexit vote, said its chief executive, Robert Noel. "In general, consumer demand is robust, driven by an undersupply of homes, good mortgage availability and a supportive government policy environment." That echoed the sentiments of rival firm Taylor Wimpy, which declared Monday that trading was "strong" in the second half of 2016.

Source: Bangkok Post November 16, 2016 10:45 UTC