British Land's Lucinda Bell on the company's annual results

British Land has revealed a 1.4% drop in its portfolio value over the course of the year and its chief executive has warned of continued uncertainty ahead.

Chris Grigg said in his outlook statement that he expected “more inflation and increasing pressure on disposable incomes” to be a factor but that he expected the company “to benefit from the resilience of our business, the quality of our portfolio and the strength of our finances”.