UK Business Property - RSS FeedCommercial Property NewsWhitbread further delight with strong H1 results- September 4, 2008 Whitbread, Britain's biggest hotel and restaurants operator, said today like-for-like sales across the group increased by 7% in the 24 weeks to Aug 14.The group said its Premier Inn budget hotel chain, which accounts for about 70% of profithttp://www.ukbusinessproperty.co.uk/news/article/918 RBS say Barclays has insufficient capital and may need to raise a further 7.5 billion- September 3, 2008 RBS analysts Ian Smillie and Cormac Leech said today that Barclays Bank may need to raise between £4.9 billion and £7.5 billion to bring its capital ratio in line with its peers, and have changed their advice to "sell" from "holhttp://www.ukbusinessproperty.co.uk/news/article/915 215 million Swindon regeneration agreement signed with Modus Properties- September 3, 2008 The regeneration of Swindon town centre has taken a step forward with the signing of a development agreement which will bring more than £200 million pounds of private and public sector investment into the town centre, and deliver one of the largesthttp://www.ukbusinessproperty.co.uk/news/article/917 Goodman plans for Tesco mega-shed defeated in round one- September 3, 2008 Test Valley Borough Council's northern area planning committee have rejected the controversial plans for Andover Airfield by Goodman Developers to transform the former airfield – once the home of the Royal Flying School and which is now farmlahttp://www.ukbusinessproperty.co.uk/news/article/916 A.J. Mucklow FY report NAV down 14.8% and a pre-tax loss of 26.7 million- September 3, 2008 A&J Mucklow Group, the Midlands based real estate investment trust, slumped to a full-year pretax loss of £26.7m after writing down £41.2m, and said this morning that it expects a further decline in property values over the next 1http://www.ukbusinessproperty.co.uk/news/article/914 Punch Taverns FY sales down and final dividend scrapped- September 3, 2008 Punch Taverns, Britain's largest pub company, announced full year results with turnover down 3.4% in the leased pubs and 3.3% in the managed pubs, in line with management’s expectations. The firm says that it intends to rethttp://www.ukbusinessproperty.co.uk/news/article/913 1200 home riverside development for Leicester given approval- September 2, 2008 A 1,200 home development in the Belgrave area of Leicester has received outline planning permission for it's owners Cyprus based Trafalgar Global Ltd.The former British United Shoe Machinery Works on Ross Walk is on the River Soar opposite thehttp://www.ukbusinessproperty.co.uk/news/article/912 Greene King confident of meeting expectations ahead of AGM- September 2, 2008 British pubs group Greene King said today it would meet its expectations for the current financial year, despite tough trading and a lacklustre outlook for the UK economy, in a trading statement ahead of the AGM.The firm, which has arounhttp://www.ukbusinessproperty.co.uk/news/article/909 Housing support measures announced and Stamp Duty floor raised to 175,000 for 12 months- September 2, 2008 Prime Minister Gordon Brown unveiled plans today to help vulnerable families struggling with mortgage payments avoid losing their homes and bring forward funding for new social housing from existing budgets.The government and propertyhttp://www.ukbusinessproperty.co.uk/news/article/911 ASDA backs the BPF and BRC empty rates campaign- September 2, 2008 ASDA are backing a campaign by the British Property Federation (BPF) and the British Retail Consortium (BRC) against the loss of empty property relief. Dubbed the ‘bombsite Britain’ tax by the media, in response to the increasing spate of demohttp://www.ukbusinessproperty.co.uk/news/article/910 |