UK Business Property - RSS FeedCommercial Property NewsCredit crunch 1st anniversary has created the fakeaway but economists see more to come- July 18, 2008 Restaurants are feeling the pinch and one in six people have stopped ordering takeaways altogether, while 37% have said they have cut back, according to a YouGov survey undertaken for Sainsbury's. The supermarket chain conducted the research after it nhttp://www.ukbusinessproperty.co.uk/news/article/815 Dawnay Day's leveraged conglomerate starts to unwind.- July 17, 2008 The crisis at Dawnay Day, the property and financial services group owned by Guy Naggar and Peter Klimt, deepened as creditors moved in to recover their loans. Norwich Union has appointed BDO Stoy Hayward restructuring partners Shay Bannon, Toby Underwhttp://www.ukbusinessproperty.co.uk/news/article/812 Bradford & Bingley shareholders meet to hold management to account- July 17, 2008 Shareholders in troubled Bradford & Bingley are set to grill the bank's management on its future today, when they meet to vote on a planned 400 million cash call. With underwriters, investors and six major banks stepping in to support the rights isshttp://www.ukbusinessproperty.co.uk/news/article/813 Land Securities Q1 trading update reflects market conditions- July 16, 2008 The quoted property sector faces up to a year of further market turbulence as it waits to see how occupiers grapple with poorer economic conditions, Land Securities said today. The sector's largest constituent provided few hints of an end to this year'http://www.ukbusinessproperty.co.uk/news/article/811 Commercial property values slide 2% in June- July 15, 2008 Commercial property values fell by a bigger-than-expected 2% in June, extending a slide since the market peaked a year ago to more than 19%, benchmark data showed on Friday. Retail properties led the way down, shedding 2.4% as the UK economy slowed andhttp://www.ukbusinessproperty.co.uk/news/article/808 Yorkshire tax payers hold quangos to account for Cannes junket- July 15, 2008 The TaxPayers' Alliance pressure group maintains it was "a completely unnecessary waste of money" for publicly funded organisations in Yorkshire to attend the MIPIM 2008 convention in Cannes. Mark Wallace, campaigns director, said: "If anyone can pointhttp://www.ukbusinessproperty.co.uk/news/article/809 Santander makes it's move on Alliance & Leicester- July 14, 2008 Spain's largest bank, Banco Santander, has reached an agreement to buy mortgage lender Alliance and Leicester (A&L) in a deal worth 1.26bn. In a similar deal, Santander acquired British bank Abbey in 2004 and will offer one of its shares for every thhttp://www.ukbusinessproperty.co.uk/news/article/810 Dawnay Day wounded by the credit crunch- July 14, 2008 Dawnay Day has appointed Alan Bloom, the veteran corporate administrator, to restructure aspects of Dawnay Days complex portfolio of holdings. These include investments in financial services and real estate, including landmark properties such as the Lyhttp://www.ukbusinessproperty.co.uk/news/article/807 St Modwen NAV falls 4% as they post a H1 loss of 20 million.- July 14, 2008 St Modwen Properties PLC reported a first-half loss today and said while market conditions remained uncertain it was confident about its longer-term prospects. The regeneration specialist said it had made a pretax loss of 20 million, after a net revahttp://www.ukbusinessproperty.co.uk/news/article/806 Helical Bar positive in outlook despite market conditions- July 11, 2008 Commercial property specialist Helical Bar said it has made an "encouraging" start to the year but warned it will be impacted by current market conditions. The group said the deterioration in the commercial and residential property markets has continuehttp://www.ukbusinessproperty.co.uk/news/article/804 |