Live Industry News

Financial Times - Property


Chinese real estate prices accelerated last month, rising by their fastest pace in two years despite government efforts to cool the market amid fears of a looming property bubble

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The serviced offices group has demanded rental cuts and concessions from landlords under a plan that could see parts of its business being put into administration

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In return for being given the land for one of the largest development schemes in London, the developer will be asked to build a new fresh produce market on the site

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Liberty International's proposed demerger of its £6.1bn property empire marks the beginning of a new era for the UK real estate investment trust sector

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Tuesday's UK results round-up: the Chilean copper miner used its annual results to reassure investors that its operations had not been seriously affected by the earthquake

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The commercial landlord is to separate its portfolio of central London properties from its regional shopping centres, as it reports a narrowing in pre-tax losses thanks to a reduction in writedowns

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Kung Yan-sum, Nina Wang's brother and Chinachem chairman said in his first interview since the court battle that the property company would consider a listing

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China Real Estate Opportunities has proposed abandoning its listing on London's Aim market to list in Singapore, in an effort to improve the rating of its shares

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Andrew Jones, the UK property company's former retail chief, is set to reveal plans to list Metric Property on the London Stock Exchange, possibly raising more than £150m

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Investors believe that Dublin's bank rescue plan is a good thing, but some analysts warn the government could end up as the reluctant owner of hundreds of much farm land and unfinished office blocks

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Returns from investing in prime real estate are forecast to beat most other asset classes as strong demand from investors helps the market rebound sharply from record losses

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Norway's state pension fund will be allowed to invest up to 5% of its portfolio in property for the first time, reducing its allocation to fixed income

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Heron International, the European property group led by developer Gerald Ronson, has submitted a planning application for a hotel, residential and retail development in the heart of the City of London

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LSL Property Services swings back into a pre-tax profit and plans to expand both organically and through acquisitions in spite of a still uncertain outlook for the market

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UK results round-up: the housebuilder said it was looking to change the pension arrangements for its staff as it announced a £700m pre-tax loss, down from a £1.97bn loss in 2008

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BBC News | Business | Your Money | UK Edition


Insurers paid out £650m from 335,000 claims made as a result of damage caused by the wintry weather in the UK.

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Bank accounts which charge fees for extra benefits may be being mis-sold, the Financial Services Authority has warned.

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Thousands of top-earning public sector workers, including judges and NHS managers, will have their pay frozen next year.

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Insurance firm Standard Life reports better-than-expected profits and unveils plans for a further cost-cutting.

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Fraudsters are continuing their switch from traditional card fraud to raiding online bank accounts, research suggests.

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Wind power? 10 Mar 2010
Wind power? 10 Mar 2010

Can you fit a wind turbine in a housing estate?

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Royal junk mail 9 Mar 2010
Royal junk mail 9 Mar 2010

Why postal reforms are good news for direct mailers

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The Financial Services Authority is delaying its plans to combat the mis-selling of payment protection insurance.

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Energy company Npower is to cut domestic gas bills by 7% from 26 March, following price cuts by other suppliers.

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Low morale and poor leadership is affecting performance at HM Revenue and Customs, a report by MPs says.

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A sharp cut has been reported in the deficit of final salary pension schemes in the private sector, figures show.

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Unemployment records found in a skip which poke fun at a young Sir Tom Jones are being auctioned.

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Cost cutters 9 Mar 2010
Cost cutters 9 Mar 2010

Paying when companies shed pensions liabilities

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Further rises in house prices may be held back by more properties coming onto the market, surveyors have said.

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Retail sales bounced back in February after a tough January on the High Street, the latest figures show.

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Final call 8 Mar 2010
Final call 8 Mar 2010

Brendan Barber on pension scheme closures

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The £20 note featuring composer Sir Edward Elgar is to be withdrawn from circulation by the Bank of England in June.

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E.on says it will cut gas bills by 6% from 31 March, saving almost two million customers an average of £42 a year.

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The number of mortgage deals on offer to borrowers rose by 6% in the past month, according to Moneyfacts.

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The housing market may have been fluctuating, but the most exclusive street in England and Wales remains unchanged.

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Virgin Money says it will charge customers a fee for current accounts when the firm launches banking services later this year.

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The Coventry Building Society is discussing the possibility of merging with the Stroud and Swindon.

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Exploitation? 7 Mar 2010
Exploitation? 7 Mar 2010

Internships for graduates 'may breach wage laws'

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Millions of energy customers lose out on price cuts as they are locked into "unfair" fixed tariffs, a consumer website says.

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A proposed new High Street bank, Metro Bank, has been given a banking licence by the Financial Services Authority.

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Politicians should consider imposing VAT on food, children's clothes and household gas and electricity, a think-tank says.

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Scottish and Southern Energy will cut its gas bills for domestic customers by 4% from 29 March, the company announces.

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UK house prices recorded their first monthly fall since June, with a 1.5% drop in February, according to the Halifax.

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Credit cards 3 Mar 2010
Credit cards 3 Mar 2010

How to get the best deal available on the market

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FT.com - Mortgages


Investors take a high-risk, high-reward gamble on property markets in the emerging economies of India, China, Eastern Europe and beyond

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Stonehaven has become the latest provider to temporarily withdraw from the equity release market

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A number of the state-funded banks are charging higher than average rates on their mortgage products, according to research from moneyfacts.co.uk

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Buying agents have traditionally been reserved for wealthy, high-end property purchasers but a new low-cost company has launched into the market with the aim to bring buying agents to the mainstream market

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House prices in prime Central London rose 3.2 per cent in February - the strongest monthly growth since August 2007

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Private investors are increasingly raising the capital to buy a first or second home by using their luxury assets as security, mortgage brokers say

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Santander has cut rates on its 80 per cent loan-to-value deals by as much as 0.74 per cent as competition returns to the high loan-to-value mortgage market

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Britain is moving towards the European model of renting rather than buying property, driven by a combination of factors such as affordability, a shortage of property on the market and lifestyle choices.

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The Government has today revealed plans for a "green loans" scheme in order to help homeowners pay for energy efficient improvements to their homes

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The number of mortgage approvals for house purchase loans fell by 17 per cent in January, supporting recent data which has shown a drop in lending activity since the start of the year

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No windfalls are on offer in this week's proposed takeover of Chesham Building Society by Skipton, the fourth biggest mutual lender

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Wealthy private investors are increasingly lending their money to small property development schemes in London and the south-east, attracted by double-digit returns

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UK house prices fell 1% in February, halting a nine-month streak of steady rises and raising questions once again about the stability of the market

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The number of fixed-rate mortgages with a loan-to-value of more than 90 per cent has almost doubled in the last 12 months, new research has revealed

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A ruling against estate agents Foxtons on unfair landlord fees should act as a warning to other lettings agents, the Office of Fair Trading has said.

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