Liberty International Cut to ‘Reduce’ at Charles Stanley

Liberty International Plc, the largest owner of U.K. shopping centers, was downgraded to “reduce” at Charles Stanley Group Plc, citing “uncertainty” for investors.

“The board is recommending no final dividend for 2008.” wrote London-based analyst Tina Cook in a report today “the primary focus of the board has shifted from growth to reinforcing the financial strength of the company.”

The brokerage has a price estimate of 433 pence on the stock, which fell 13 percent to 375 pence at 3:23 p.m. in London.

To contact the reporter on this story: Julie Cruz in London at Jcruz6@bloomberg.net.

To contact the editor responsible for this story: Daniel Hauck at dhauck1@bloomberg.net.

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