The chief executive of property developer and investor Land Securities says "the headwinds of Brexit" are starting to hit business confidence, adding that he is happy not to be speculatively developing in the City in the short term.

The FTSE 100 real estate investment company posted a £33m loss in the middle six months of this year, compared to £95m in the same period of 2016. It increased its dividend per share 10% to 19.7p. Its revenue profit, a term it uses to describe leasing revenues from properties minus associated costs, rose 5% to £203m.