UK Business Property - RSS FeedCommercial Property NewsBovis H1 profits down 80% on previous year- August 26, 2008 Housebuilder Bovis Homes reported a slump in first half profits today following what it called 'the toughest period of trading it has experienced in its life as a public company'.Bovis reported an adjusted pretax profit of £11.7 millionhttp://www.ukbusinessproperty.co.uk/news/article/893 Regeneration quango chairman adds fuel to empty rates argument- August 26, 2008 A senior government adviser on the regeneration of cities has warned that a tax imposed on empty commercial buildings is threatening to derail efforts to breathe new life into some of the most blighted parts of Britain.John Nicholls, whohttp://www.ukbusinessproperty.co.uk/news/article/891 Residential mortgage approvals remain at historic lows in July and volume drops on BTL mortgages also- August 26, 2008 Mortgage approvals for house purchases remained near a record low in July and the British Bankers' Association said there was no sign yet of a property market recovery.The BBA said mortgage approvals totalled 22,448 last month, 65% lower thanhttp://www.ukbusinessproperty.co.uk/news/article/894 Goodman turns in resilient performance benefitting from geographic spread- August 22, 2008 Goodman,the Australian based industrial property specialist has announced it's 2008 results and has absorbed a $382.5 million writedown in it's UK asset values, out of it's $567 million income for the year. In the UK the company owns a portfoliohttp://www.ukbusinessproperty.co.uk/news/article/888 Q2 GNP figures revised down by ONS prompting fear of recession and hope of rate cut.- August 22, 2008 Britain's economy failed to expand in the second quarter of this year for the first time since the slump of the early 1990s and raising expectations interest rates will fall to avoid a recession.The Office for National Statistics revised downhttp://www.ukbusinessproperty.co.uk/news/article/890 Targetfollow get approval for 122 regeneration scheme at Norwich- August 22, 2008 A £122million project to regenerate the former Bally shoe factory and surrounding area in Norwich has been given the go-ahead, with Norwich based developers Targetfollow, run by Ardeshir Naghshineh, declaring the scheme will be up and running withinhttp://www.ukbusinessproperty.co.uk/news/article/886 Halifax Estate Agents to close a quarter of branch network, mostly in southern england- August 22, 2008 Halifax Estate Agents, the residential brokerage arm of one of the UK's biggest mortgage providers, is shutting down a quarter of its branches as Britain's depressed housing market lurches from bad to worse.Halifax Estate Agents, a unit of Halhttp://www.ukbusinessproperty.co.uk/news/article/887 Shropshire estate agent Barbers goes bust- August 22, 2008 Shropshire estate agents Barbers has become the latest victim of the credit crunch, closing four of its offices with the loss of 60 jobs. Staff from Barbers Estate Agents were yesterday called into an emergency meeting where they were told the administrathttp://www.ukbusinessproperty.co.uk/news/article/889 Persimmon Homes turn in an expected H1 2008 performance reflecting a tough market- August 21, 2008 In its H1 results today Pesimmon Homes, Britains number 1 by market value and number 3 by homes sold, has delivered a pre-tax profit of £36 million after taking a £64 million charge for slimming down operations to adjust the business to cuhttp://www.ukbusinessproperty.co.uk/news/article/883 BRC writing to ask Chancellor to help retailers through slowdown- August 21, 2008 The British Retail Consortium (BRC) is to write to the chancellor Alistair Darling ahead of the Pre-Budget Report today.Its wish list includes asking the chancellor to reduce retailers’ price pressures including pushing down commercial phttp://www.ukbusinessproperty.co.uk/news/article/884 |