All Property Week articles in 21 November 2008 – Page 10
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News
Wolseley jobs slashed
The building and plumbing materials supplier said that it would make 2,000 workers redundant in the next few months, having already cut 1,000 jobs in Britain. Wolseley has already cut 12,500 jobs worldwide since August 2007, about 18 per cent of its workforce
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News
Hawk backs interest rate
Tim Besley, the most hawkish member of the Bank of England’s rate-setting Monetary Policy Committee, signalled that he now backed the Bank’s assessment that plunging world commodity prices would drive inflation below target next year, creating scope for still lower interest rates.
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OnlineEdinburgh Council to buy own headquarters for £90m
Edinburgh City Council is under offer to buy its headquarters from Aviva for £91m in a move to save taxpayers nearly £38m in the long run.
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Online
Brum sets up Westside partnership
Birmingham City Council has set up a partnership with major developers active in the city, from Argent to Miller, to promote the ‘Westside’ area.
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OnlineMAPIC: Retail demand remains strong for Italian centres
According to the latest Savills Italian research out-of-town retail report, despite the lower consumer confidence triggered by the global economic downturn, retailers continue to be active in Italy.
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OnlineWolseley to close 200 trade counter branches
Wolseley is set to close down 200 branches in the UK and Ireland ‘in the next few months’, which will have severe ramifications for the trade counter sector.
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OnlineMasshouse plans new Brum courts
Masshouse Developments has submitted a planning application for an £81m Magistrates’ Court for Birmingham city centre.
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Online
MAPIC: Europe could house 300 new designer outlets centres
Europe has the potential to develop another 300 designer outlets centres, according to research from GVA Grimley Outlet Services.
