All Property Week articles in 11 July 2008 – Page 10
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OnlineBlears gets tough on out-of-town superstores
Communities Secretary Hazel Blears will this afternoon outline tough new planning rules to protect small shops and town centres as a consultation on the Government’s ‘town centres first’ policy gets under way.
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Peter Goodacre becomes RICS president
The RICS has elected former principal of the College of Estate Management Peter Goodacre as President for the 2008/2009 session.
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Video of Westminster Council's Tokyo-inspired plans for Oxford Circus
Westminster Council is to introduce the influences of the Far East to the West End with plans for a Tokyo inspired traffic crossing at London’s Oxford Circus.
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Barratt signs £400m debt facility and cuts 1,200 jobs
Barratt’s shares climbed 10%, after it signed a new £400m debt facility and confirmed 1,200 job cuts.
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Empty rates will lead to business failure, says BPF
British Property Federation chief executive Liz Peace has called on the Government to re-apply empty rates relief in an interview on BBC Radio 4's Today Programme.
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House prices fall further 2% in June
House prices fell a further 2% in June - making a 6.15 drop in the past 12 months - according to figures released this morning by the Hallifax.
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OnlineBoris pledges 50,000 new London homes by 2011
London’s new mayor insisted last night that he would build 50,000 affordable homes in London within three years.
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Bovis to halt speculative building
Bovis, one of Britain’s largest house builders, is to halt speculative development of new homes next week as it struggles to deal with plummeting sales volumes.
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Johnson reviews skyscraper and homes policy
Boris Johnson is to scrap London’s target of making 50% of all new homes affordable and restrict new tall buildings in a reversal of some of predecessor Ken Livingstone’s core policies.
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Ownership beyond for average earners
House prices may be tumbling but the dream of home ownership is all but over for couples on modest incomes, as mortgage lenders demand heftier deposits, according to new figures.
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Mortgage market still under stress
Strains deepened in the mortgage market in June with the rates on offer by banks and building societies continuing to rise despite weak demand for loans.
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Barratt secures banking deal
Barratt Developments will say today it has reached an agreement with lenders to renegotiate its banking covenants.
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B&B 'pricing itself out of market'
Bradford & Bingley has slashed its lending to landlords, amid claims that the troubled bank is struggling to make profits on its new loans.
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In House Group receives approach
In House Group, the property broker, said that it had received a preliminary approach from a third party but added that there was no certainty that an offer would be made. The company issued the statement in response to the recent rise of its share price.
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Casual labour hammered by lay-ffs
Job losses across the housebuilding industry are close to 8,000 and rising — double the number announced so far.
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Redrow and Bovis Homes slash jobs
Redrow and Bovis Homes, the house builders, have cut nearly 1,000 jobs and said that their businesses had decreased dramatically. These cuts bring the total job losses in the housebuilding sector to 5,500 this year, not including the many casual staff on building sites.
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Raven’s Russian restructure
Raven Mount has undertaken a restructure which will see its Russian property fund manage itself.
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Allsop auction adds to property gloom
The auction room provided a pessimistic indicator for the wider market on Monday, as Allsop posted its lowest success rate since 1995.
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Bovis and Redrow cut 40% of staff
Bovis and Redrow today revealed that they would be shedding 40% of their staff, in an effort to control costs as the listed housebuilding sector continued to suffer.
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DTZ cuts dividend as profits drop
DTZ has cuts its dividend by 43%, as profits dropped in line with market expectations.
