All Property Week articles in 26 December 2008 – Page 8
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Western Australia 'House prices will drop 10%'
WA homeowners should brace for a house price fall of up to 10% as the state bears the brunt of an economic slowdown, one of the country's leading economists has warned.
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DFS Kowloon outlet to add more shops
Global luxury retailer DFS Hong Kong, which operates duty-free shops, plans to expand its outlet in Tsim Sha Tsui by 40% to cater for strong demand from mainland tourists.
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Nakheel 'can fund' current projects
The state-owned Dubai developer Nakheel reveals it has sufficient funds for current projects but no plans for new developments.
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Property stocks pull UAE market to four year low
UAE stock markets fell to their lowest levels in more than four years on Tuesday, as negative sentiment from a slump in oil prices and general fears about the region’s economy continued to pull the markets downwards.
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Brazilian growth set to accelerate
The country’s central bank said that economic growth this year should be faster than expected, adjusting its estimate of GDP growth to 5.6%, from 5%.
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Japanese export suffer record fall
Japan has suffered its sharpest fall in exports on record as even previously robust markets hunker down against the shockwaves of the global financial crisis.
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Saudi Arabia to run deficit
Saudi Arabia said yesterday it expects to run a budget deficit in 2009 for the first time in seven years. The world’s largest oil producer is seeking to bolster the economy by increasing public spending in spite of the collapse in crude oil prices.
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US mortgage activity surges
US banks are having trouble handling a surge of mortgage applications spurred by dramatically lower interest rates, after record loan defaults and thousands of job cuts have stretched mortgage industry resources to the limit.
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Tesco raises £308m from sale and leaseback
Tesco, the UK’s biggest retailer, has completed two sale and leaseback deals on its properties with a total value of £308m.
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US commercial property sector seeks Washington aid
America’s commercial property industry got out the begging bowl yesterday as the credit crisis tightened its grip on the world’s biggest economy.
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Genesis FD quits
John Lappin, the financial director of one of Britain’s largest housing associations, has resigned after two years in the job.
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LSH chief quits
Mark Rigby, chief executive of Lambert Smith Hampton, the property consultancy, has resigned after 18 years in what sources say was a boardroom row. Rigby had led its £46.5m management buyout from WS Atkins, the engineering consultancy, in June last year and is said to own a 10% stake in ...
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Whittard on brink of administration
Retailers are hoping that a last-minute rush will avert a bloodbath on the high street this Christmas as figures released yesterday showed that the number of shoppers remained well down on last year.
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Home Retail falls on discount fears
Shares Home Retail Group in the parent company of Argos and Homebase dropped 13% to 204p – the worst performance by a bluechip company – as investors booked profits and worried about the impact of promotional activity on margins.
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Industrial orders suggest tough year for eurozone
Eurozone industrial orders have slumped at record speed, setting the stage for 2009 becoming one of the worst years for the region’s economy since the second world war.
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OnlineWoolworths reveals closing dates for all its stores
Deloitte, the administrator of Woolworths has issued a full list of the date of all store closures for the chain.
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Walsall Gigaport gets go ahead
The government has given its backing to Walsall Gigaport, a £400m office and technology scheme.
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OnlineTesco in new sale and leaseback deal
Tesco has completed another two sale and leaseback deals totalling £308m.
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Strong results see further store expansion for pawnbroker Albemarle & Bond
Albemarle & Bond has announced it will continue its store expansion plans after its latest accounts showed it has nearly doubled its pre-tax profits over the past four years.
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