All Property Week articles in 02 November 2007 – Page 11
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OnlineSkanska wins Heron Tower contract
Gerald Ronson’s Heron International has awarded Skanska the contract to build the Heron Tower in the City of London.
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News
LSL up on repossession idea
ABN Amro said that there was 'long-term value' in LSL Property Services, the surveyor, up 1.75p at 160p, which is developing a repossessions arm. The Times
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News
Wrecking ball goes to work on Olympic site
One of the largest wrecking machines in Europe started tearing through the tallest building on the Olympic park site. The Times
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Buyers at risk of negative equity as 100% mortgages boom
Thousands of first-time buyers are facing the spectre of negative equity after a sharp increase in the number of 100% mortgages available,according to on-line mortgage broker mform.co.uk. Daily Telegraph
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Supermarkets 'not a monopoly'
Competition between supermarkets will intensify over the next five years, according to research by retail consultants Verdict Research. Daily Telegraph, The Times
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News
Abbey launches £10,000 fixed fee mortgage
Abbey has launched a new mortgage for big borrowers with an “arrangement fee” of nearly £10,000 for mortgages of between £500,000 and £750,000. Daily Telegraph
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UBS results prompt risk shake-up
UBS has committed itself to a radical improvement in its risk assessment and control procedures, after admitting that it had slipped up during the US subprime crisis. Financial Times, The Times, Daily Telegraph, the Independent
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Humberts battered by Northern Rock fall out
Shares in Humberts Group fell 18%, after a decline in full year profits that the company blamed on fall-out from the Northern Rock crisis, saying home buyers had all but vanished last month. Financial Times, The Times
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Northern Rock inquiry mooted
The British Bankers Association and some of the UK’s biggest banks are to hold talks with the Treasury, the Financial Services Authority and the Bank of England about whether the government needs to open a full-blown inquiry into the Northern Rock crisis. Financial Times
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News
Birmingham prefers local work to high speed link
The prospect of a new high speed rail link with London left civic leaders in Birmingham unimpressed yesterday. Financial Times
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Private sector set for big project bonanza
Billions of pounds in private sector funding will be needed for big transport projects over the next two decades according to a study that opened the door to more road tolls, wider motorways and a high-speed rail link to the Midlands. Financial Times
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Supermarket inquiry to disappoint smaller shopkeepers
Leading supermarkets will come under fire, but are on collision course with critics amid signs that a key competition probe published today will be far less radical than the industry’s opponents want. Financial Times, Daily Telegraph
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Government seeks wriggle room on CGT reform
Options for a compromise deal on capital gains tax reforms are under “active discussion” between the Treasury and business. Financial Times, The Times, Daily Telegraph
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OnlineRok in development arm profit warning
The development arm of Rok will miss its profit target for the year because of the slowdown in the property investment market.
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OnlineCompetition Commission to take action against supermarkets
The Competition Commission today said that the UK grocery industry should increase competition in several markets to reduce the influence of dominant retailers and improve the relationships between retailers and suppliers.
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OnlineLuqman's father's £16m judgment
Jailed property financier Shaid Luqman’s father has been ordered by the High Court to pay back more than £16m of bank loans.
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OnlineGovernment backs Energy Certificates seminar
Carol Sweetenham, a key civil servant at the Department for Communities and Local Government, will speak at Property Week's online seminar on Energy Performance Certificates on Tuesday 13 November from 12pm.
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OnlineCBRE posts strong results
CB Richard Ellis expects to meet its profit forecast in 2007despite the effect of the credit crunch on property markets.
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Online
GE Real Estate buys Swedish offices
GE Real Estate Nordic has bought an office development in Marievik, Stockholm for SEK455m (£34m) from construction company Skanska
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OnlineHumberts issues profit warning
Humberts, the AIM-listed estate agency backed by Vincent Tchenguiz, issued a profit warning today after being hit by the fall out of the liquidity crisis.
