All Finance articles – Page 13
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News
Profit grows at Rightmove as it accelerates marketing strategy
The property website also reported a 9% rise in average revenue per advertiser to £1,431 per month.
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Abrdn’s UK Commercial Property REIT sells Bristol office for £14.5m
UKCM said the price was in line with the valuation at the end of last year.
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Tritax Big Box REIT boosts profits amid higher rental income and lower costs
“We have high quality customers that underpin our rents,” CEO Colin Godfrey told Property Week.
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The Body Shop to close a further 75 stores, but 116 will remain open
Beauty retailer confirms 489 staff will be made redundant as individual stores are closed.
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Dalata reports revenue surge as it gears up for UK expansion
The owner of the Maldron and Clayton hotel brands plans to add 1,000 UK rooms by the end of the year.
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LXi REIT completes Travelodge sales
The majority of the sale proceeds will be used to pay down debt.
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Michael Gove under investigation by parliament’s standards watchdog
The Parliamentary Commissioner for Standards is examining the housing secretary’s register of financial interests.
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Cairn Homes boosts revenue amid ‘exceptionally high’ demand
The housebuilder achieved a total of 1,741 sales completions in the year.
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PPHE Hotels posts record annual revenue figures
A growing occupancy rate was behind a 26% rise in income.
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Hammerson weighs Value Retail options as annual figures show recovery
Chief executive Rita-Rose Gagné has said the group is considering its options on the £1.9m holding.
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Shaftesbury Capital explores new acquisition opportunities
The REIT reported a strong portfolio valuation as prime West End real estate continues to attract investors.
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Custodian sells two industrial assets to take disposals so far this year to £30m
The deals are set to complete in the next two months, with proceeds expected to be used to cut variable-rate debt.
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MSCI ranks London as top global cross-border investment location
UK and Germany ranked second and third, behind the US, as countries attracting the most cross-border investment
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Director banned after unlawful care home scheme saw investors lose £57m
The scheme promised investors unachievable returns and put their funds “at risk”.
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Strong leasing prompts Derwent to upgrade rental guidance
“I can’t remember a busier year for us”, said CEO Paul Williams after firm tripled rental income in 2023.
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Real estate loan defaults of €43bn projected in Europe over next three years
Refinancing challenges to continue despite falling borrowing costs, AEW research finds.
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Harleyford Capital secures funding for £80m Watford urban logistics scheme
The investment manager has made its first urban logistics development site transaction.
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SEGRO ups share placing target following strong demand from investors
Industrial property group has increased its fund raising target to between £800m and £900m.
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Glenveagh produces stable annual figures
The Irish housebuilding giant said its annual profit nudged up 1% during 2023.
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Profit at Taylor Wimpey almost halved but developer sees ‘signs of improvement’
The housebuilder said it would build fewer homes this year due to dampened market demand.