Laxey, which only owns 1.3pc of Alliance, first used the tactic to push for change at British Land.

After a long fight, British Land did a £1.5bn share buyback in 2002, its first for more than 10 years.

Meadowhall is owned by British Land, a property developer.

Between 2003 and 2009 the whole estate was owned by British Land, which has been involved since 1984.

British Land of 4 1/8 153.4 Reorganization plan aims to America benefit shareholders.

The centre was bought by British Land for £240 million in January 2011.

The Church sold the whole Mission building to British Land in 1972 but this did not improve matters.

After the hippies left, later in the same year, it became the headquarters of British Land, a large property development company.

Properties continued to shine as British Land produced a complicated scheme to release the value of its property portfolio.

British Land closed at 405p, a net gain of 48p.