UK Business Property - RSS FeedCommercial Property NewsLloyds drops German bank talks- July 11, 2008 Shares in Lloyds TSB climbed over 2% today after a source familiar with the matter said the bank had ended talks on a possible takeover of German rivals Dresdner or Postbank. At 8:10 a.m., Lloyds was up 2.1% at 298.75p, outperforming a 0.86% rise in thhttp://www.ukbusinessproperty.co.uk/news/article/805 Barratt Developments to cut 1200 jobs as bankers give 400 million rescue.- July 10, 2008 Barratt Developments will cut nearly a fifth of its workforce to cope with the housing market downturn, joining other builders taking similar measures, and will not pay a final dividend for 2007-08.Barratt also said with its house sales runninhttp://www.ukbusinessproperty.co.uk/news/article/802 Bank holds Base Rate at 5%- July 10, 2008 UK interest rates were held at 5% today by the Bank of England for the third consecutive month.The Monetary Policy Committee announcement follows a turbulent few days which has seen worries of a recession increase and building firms Redrow, Bohttp://www.ukbusinessproperty.co.uk/news/article/803 Jones Lang La Salle to buy Churston Heard- July 10, 2008 Jones Lang LaSalle is to buy Britain’s last large independent retail agency, Churston Heard, for around £20m, according to a report this morning from Propertyweek.The magazine said "Staff at both firms were told this morning ahttp://www.ukbusinessproperty.co.uk/news/article/801 DTZ profits plunge as recession bites- July 9, 2008 DTZ today posted an 87% fall in profits and cut its dividend as it struggled to deal with the upheaval in the market.The firm, one of the big four global real estate advisers, with offices across the UK, said profits slumped from £38m tohttp://www.ukbusinessproperty.co.uk/news/article/800 Bovis & Redrow follow their rivals with 40% job cuts- July 9, 2008 House builder Bovis Homes Group plans to cut about 400 jobs and slash its dividend to cope with a dire housing market, but does not as yet expect any big writedowns of its land holdings, it said today.In a trading update Bovis said saleshttp://www.ukbusinessproperty.co.uk/news/article/797 Chase the Midlands property development group falls partially into administration- July 9, 2008 The gathering crisis surrounding the housing and construction sector helped deflect attention from the troubled Chase Midland group, which has collasped into administration.Ernst & Young, administrator to the residential and commercial devhttp://www.ukbusinessproperty.co.uk/news/article/798 Lights go off at Lumiere as the Linfoot - Valad consortium pull the plug- July 9, 2008 Work at Europe's tallest residential development has been put on hold with its developers blaming the credit crunch for the move.KW Linfoot today said work at Lumiere in Leeds would restart "when the climate stabilises and an appropriatehttp://www.ukbusinessproperty.co.uk/news/article/799 Savills say UK "shows no sign of improvement" as shares plunge on trading update- July 8, 2008 Savills today warned that the housing downturn was spreading to many parts of Europe and Asia as the credit squeeze took its toll, with its UK business suffering "significant" falls.The warning sent its shares plunging 29.75p to 185phttp://www.ukbusinessproperty.co.uk/news/article/794 Barratt sell parts of former Wilson Bowden scottish business to management.- July 8, 2008 Wilson Bowden Developments' Scottish director is to launch his own property and development management business after agreeing a deal with the company's parent, housebuilder Barratt.Jim Fitzsimons, one of Scotland's leading commercial propertyhttp://www.ukbusinessproperty.co.uk/news/article/796 |