All Property Week articles in 14 November 2008 – Page 11
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News
Bank admits importance of house prices
The Bank of England has often insisted that the relationship between house prices and consumer demand is tenuous.
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News
City vacancies halved in a year
The number of job vacancies in the City of London is almost 50% lower than a year ago, according to Morgan McKinley, the financial recruitment specialists.
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News
Morgan Stanley to cut 2,000 jobs
Morgan Stanley plans to cut about 2,000 jobs, or 4% of its entire workforce, as part of a renewed focus on acting as a financial intermediary.
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News
ING and Hypo post €3.6bn losses
The latest round of banking pain continued its tour around Europe yesterday, with Dutch giant ING and Germany's Hypo Real Estate announcing a combined €3.6bn in third-quarter losses. Hypo said it will seek additional rescue funds after a bigger-than-expected third-quarter loss of €3.1bn.
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Online
ProLogis pulls out of £700m BAA deal
BAA and Aviva Investors’ deal to sell more than £700m of airport property to ProLogis has collapsed after more than a year of negotiations.
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Online
Westfield’s A$2bn equity raising plan
Australian shopping centre giant Westfield is planning to raise A$2bn (£856m) of equity through a dividend reinvestment plan.
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News
Sir Philip Green takes lead stake in Moss Bros
Sir Philip Green, the owner of BHS and Topshop, has become the largest shareholder in Moss Bros, the men’s wear chain, paying £6.7m for the 28.5 per cent stake controlled by Baugur, the Icelandic investment group.
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OnlineUK in recession, says Bank of England
The UK is in a recession, the Bank of England said today.
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OnlineProLogis chief Schwartz resigns
Jeff Schwartz, the chief executive and chairman of the world’s biggest logistics property company, ProLogis, has resigned from both positions as the company halts devlopment.
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OnlineLandSecs abandons demerger plan as its NAV plunges
Land Securities said today it had stopped work on its planned demerger, as it posted a 20.7% drop in its net asset value.
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OnlineJLL appoints Ulbrich successor
Jones Lang LaSalle have poached Catella’s German chief Andreas Quint to be its new CEO for Germany.
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OnlineODA chairman calls for Olympic legacy boss
Olympic Delivery Authority chairman John Armitt has called for the appointment of an official to take charge of the legacy for the Olympics site in east London.
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OnlineHypo €50bn rescue package finalised
Hypo Real Estate’s €50bn (£40.8bn) government-led bailout package has been finalised.
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OnlineAsteco’s Dubai market report
The Middle East real estate market continues to show strength despite the global slowdown and credit crunch, but investors will have to dig deeper into resources to avoid the liquidity crunch impacting the market in the near future, says Asteco.
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OnlineEuropean cities descend on MAPIC to push retail offering
Cities from across Europe are targeting MAPIC 2008 to explain and develop the importance of the retail sector in their overall marketing strategies.
