BRIEF-British Land profit rises

LONDON Tue Nov 20, 2012 2:06am EST

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LONDON Nov 20 (Reuters) - British Land : * H1 underlying pbt up 3.8% to £137 million * H1 net rental income 1.1% ahead; UK like for like growth +1.2% * Expect market trends to continue to favour business mix * Expect property values in the UK to be variable in the near term