UK Business Property - RSS FeedCommercial Property NewsResidential Mortgage lending volume improves but costs and rates are rising- June 13, 2008 Mortgage lending showed a slight rebound in April, according to the Council of Mortgage Lenders (CML).Some 50,700 loans to purchase homes were granted in April, a rise of 5,000 from the previous month and the highest level since December.brhttp://www.ukbusinessproperty.co.uk/news/article/750 Tchenguiz lifts M&B stake to 29.77% after slide in it's share price- June 13, 2008 Mitchells & Butlers (M&B) activist investor Robert Tchenguiz has upped his total holding in the company to 29.77% after buying further so-called contracts-for-difference (CFDs) with no voting rights, taking advantage of the recent slide in Mhttp://www.ukbusinessproperty.co.uk/news/article/749 Humberts goes bust and is sold for 3.16 million- June 12, 2008 Humberts which less than nine months ago, had about 80 branches, including franchises and was valued at £32million, went into administration this week, before being bought out by the Mercantile Group for £3.16million, including the cancellatiohttp://www.ukbusinessproperty.co.uk/news/article/746 Anti - Severn barrage NGO's sponsor report which condems the 15 billion project as uneconomic- June 12, 2008 A proposed giant tidal barrage across the Severn estuary to generate clean electricity does not make economic sense and should not go ahead, a study said today.The study said the £15 billion it is estimated that the 10-mile barrage wouldhttp://www.ukbusinessproperty.co.uk/news/article/747 Barratt Developments forced to issue trading statement as share price crashes- June 12, 2008 Barratt Developments, one of the UK’s largest housebuilders, has been forced to issue a statement reaffirming its financial position, after market speculation led to a significant fall in its share price.The firm’s share price drophttp://www.ukbusinessproperty.co.uk/news/article/748 King fuels further pressure on SWAP rates with bleak assessment which will force mortgage rates up- June 11, 2008 In his speech to The British Bankers’ Association annual conference Bank of England Governor Mervyn King warned that the financial market crisis is not over, as yet more data pointed to Britain's housing market and wider economy suffering a lohttp://www.ukbusinessproperty.co.uk/news/article/744 Savills report Commercial property construction falling for 7th straight month- June 11, 2008 Commercial building activity in Britain shrank for a seventh straight month in May and was expected to decline further in the next three months, a survey of building contractors and developers showed today.Savills said its Total Commercial Developmehttp://www.ukbusinessproperty.co.uk/news/article/745 Knight Frank strengthens retail offer with acquisition of Markham Vaughan Gillingham- June 10, 2008 Knight Frank has bought Bristol and London based specialist retail agency Markham Vaughan Gillingham (“MVG”).The 12 strong team at MVG is currently advising on more than 9.5 million sq ft of shopping centres and has a strong nationhttp://www.ukbusinessproperty.co.uk/news/article/740 Tesco Q1 UK sales up 3.5%, though growth rate is slowing- June 10, 2008 Tesco said its first quarter like-for-like sales excluding petrol in its core UK market rose 3.5%, slowing from the start of the year, while its international business grew by 26.6%.Britain's largest retailer in a statement said although foodhttp://www.ukbusinessproperty.co.uk/news/article/743 Humberts follow precedent to dispose of Blenheim Bishop to original vendor- June 10, 2008 Humberts Group Plc. said it has sold Blenheim Bishop Estate Agents back to the original Vendor for £967,000, which represents the cancellation of the outstanding deferred amount.Blenheim Bishop, based in Mayfair, specialises in land and new home devhttp://www.ukbusinessproperty.co.uk/news/article/741 |