All Property Week articles in 27 July 2007 – Page 9
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Housing slowdown hits Northern Rock
Northern Rock, Britain’s fifth-largest mortgage lender, raised fears about a new surge in bad debts after reporting a doubling in the number of home repossessions and a 67% jump in provisions for unsecured loans in its half-year results yesterday. The Times. The Guardian. The Independent. Daily Telegraph
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Councils shake-up faces legal challenges
Ministers face a string of legal challenges after announcing the scrapping of 35 councils. The Times. Financial Times. Daily Telegraph
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Brown pledges flood aid
Insurers will come under pressure to make timely payouts to flood-damaged families and businesses, the prime minister pledged yesterday as waters continued to rise. Financial Times
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Kesa plugs into Spanish chain
Kesa Electricals, which owns the UK’s Comet chain and Darty in France, is to add a Spanish retailer to its portfolio. Financial Times
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Johnson ponders £100m fundraising
Luke Johnson, investor and Channel 4 chairman, is considering raising his first fund to invest in UK companies in the leisure, consumer and business services sectors. Financial Times
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Olympic team appointed
Paul Deighton, chief executive of the Organising Committee of the London 2012 Olympics, has appointed fellow former Goldman Sachs executive Sue Hunt, as director of strategy and programme management. Financial Times
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Tchenguiz: Sainsbury’s price is too low
Delta Two last night faced the likelihood of having to raise its price for Sainsbury’s as it emerged that Robert Tchenguiz was not prepared to accept its 600p-a-share indicative offer for the supermarket chain. Financial Times
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Olympic Park land assembly complete
The London Development Agency has announced that it has secured all the land needed for the Olympic Park in east London, clearing the way for construction to begin on the main site for the 2012 games. The Times
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Quinlan's Polish sale
Quinlan Private and Borgestad Group, the Norwegian conglomerate, have sold the Forum shopping centre in Gliwice, Poland, for €128m (£85.6m) to Deka Immobilien. The Times
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China to drive global growth
China will become the biggest driver of global economic activity this year for the first time, the International Monetary Fund said. The Times. Financial Times
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JLL goes big in Europe, Middle East and Africa
Europe, the Middle East and Africa gained in prominence in the first half of 2007 as the region increased its revenue share in Jones Lang LaSalle’s half-year results.
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Erinaceous receives takeover bid
AIM-listed property group Erinaceous today confirmed that it has received an indicative takeover offer.
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OnlineFinal stage planned at Liverpool's St Paul's Square
English Cities Fund has submitted a planning application for the final phase of St Paul’s Square in Liverpool.
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Beetham gets Blackfriars tower go-ahead
Southwark Council has granted planning consent for the Beetham Organisation’s Jumeirah mixed-use tower on Blackfriars Road on London’s South Bank.
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Quinlan Private Golub sells Polish shopping centre
Quinlan Private Golub and the Borgestad Group have sold their 462,000 sq ft newly-opened shopping centre in Poland to German investment company Deka Immobilien for €128m (£86m).
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English Heritage begs for £64m for ‘basket cases’
English Heritage has asked for £64m to save 16 ‘basket cases’ that represent its most endangered sites. Daily Telegraph. Financial Times
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Tokyo closes ranks to thwart DaVinci
DaVinci Advisors, the Tokyo-based property investor, said on Tuesday its hostile bid for TOC, the property leasing company, had failed. Financial Times
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Ashley to return Sports Direct property
Mike Ashley, the founder of Sports Direct, is to return 35 properties to the company and yesterday ruled out taking the sportswear retailer private after a second profits warning in three months wiped 25% off its share price. Financial Times. The Times. Daily Telegraph. The Independent. The Guardian
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Qatar acts to appease Sainsburys and pension trust
Qatar’s prime minister Sheikh Hamad bin Jassim bin Jabr al-Thani yesterday sent a letter to Lords John and David Sainsbury assuring them that his investment vehicle, Delta Two, had the Sainsbury’s long-term interests at heart. The Times. Daily Telegraph. The Independent. Financial Times
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HBOS edges closer to Erinaceous
Erinaceous is understood to have agreed to allow due diligence following an indicative offer of 300p a share indicative offer from HBOS. Financial Times
