All Property Week articles in 18 July 2008 – Page 11
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News
Laxey exploits makes hay with with Dawnay Day Sirius
Directors of Dawnay Day, the problem-hit property and financial services group, have continued to sell investments, allowing corporate raider Laxey Partners to become the biggest shareholder of one of the company’s associated Aim-listed property funds.
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Co-op completes £1.6bn Somerfield buy
The Co-operative Group is expected to unveil its long-awaited £1.6bn takeover of Somerfield today.
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Laing ORourke up
Laing O’Rourke, Britain’s largest privately owned construction group, has reported a 42% rise in full-year underlying earnings to £142.6m. The group, which has 30,000 staff, said that orders had grown since the year-end to more than £10bn.
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FTSE hammered on US banking crisis warning
More than £30 billion was wiped off the value of Britain’s biggest companies yesterday as new levels of hysteria in the US banking crisis fuelled fears about the economic and financial fallout on both sides of the Atlantic.
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Four Seasons lenders step up restructuring efforts
Senior lenders to Four Seasons Healthcare, including Royal Bank of Scotland, are stepping up efforts to restructure the debt of the UK healthcare provider.
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FSA bans mortgage adviser over false information
A mortgage adviser has been banned by the Financial Services Authority for deliberately submitting false information on application forms to lenders.
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Johnson probe claims millions misspent
The body responsible for London’s economic development misspent money 'on a massive scale' by squandering tens of millions on badly managed projects during Ken Livingstone’s mayoralty, according to an investigation of its financial management.
