Shaftesbury earnings boosted by strong demand in London's West End

Property investment company Shaftesbury has reported an 8% increase in full-year earnings, helped by strong demand for commercial real estate in London's West End. Earnings calculated according to European Public Real Estate Association (EPRA) guidelines increased to £39m ($48.4m) for the year ended 30 September from £36.1m in the preceding 12-month period. Shaftesbury chief executive Brian Bickell said there had been no adverse impact on business from the Brexit vote as yet.