British Land defers rents as losses leap above 1 billion pounds

(Reuters) - Mall and office owner British Land has conducted a series of rent deferrals and cancellations to help the company and its tenants ride out the coronavirus crisis, it said after annual losses soared to 1.1 billion pounds ($1.36 billion).With the pandemic having shut thousands of shops and forced some chains into administration, the owner of London's Broadgate and Paddington Central complexes said the value of its retail properties had slumped by 26%. Shares in the company, down 36%..