British Land posts $1.1 billion loss as COVID-19 hammers retail

(Reuters) - Real estate firm British Land Co Plc racked up a 1.1 billion pound ($1.36 billion) loss last year, hit by a slump in the value of its retail portfolio, the company said on Wednesday, as it battles the fallout of the coronavirus crisis. British property owners are facing widespread resistance over rent payments from commercial tenants whose businesses have been closed by lockdowns to halt the spread of the virus and who now face a sharp downturn, threatening some with bankruptcy...