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• CVA needs 75% of creditors to back the rescue deal • Shares in the retail group have lost 90% of their value High street landlords to Blacks are tomorrow expected to grudgingly vote through a deal that will allow the troubled...
Despite growing optimism that the downturn is over, there are concerns that £100bn of property bank loans requiring refinancing within three years could trigger another crisis The new property vehicle of Sir Stuart Lipton and...
Lenders are still extending credit to commercial developers because they simply can't afford to crystallise their losses Commercial property is the dog that didn't bark in this recession. There were widespread expectations of...
LONDON (SHARECAST) - Shares in miner Antofagasta resumed their position near the top of the leaderboard after a brief dip into negative territory that came as commodity prices slipped in line with strength in the US dollar. US...
European equities markets were lower to end the week Friday as the real estate and travel sectors took hits in London and the oil sector fell along with crude oil prices. The FTSE 100 was 0.31 percent lower to 5,251.41 in...
U.S. stocks extended a global drop as concern grew that the rally has outpaced the prospects for economic growth. The yen and the dollar strengthened, oil tumbled and yields on Treasury three-month bills turned negative for the...
Mitchells & Butlers was in focus amid chatter the company has seen a huge increase in its pension deficit. At the company's interim results in May, Mitchells & Butlers (M&B) said the last formal valuation on a trustee basis was...
Councillors have approved plans for one of London’s biggest ever regeneration schemes, which will provide 27,000 jobs and 7,500 new homes at Brent Cross Cricklewood. The £4.5 billion regeneration is designed to create a new...
Raymond Mould and Patrick Vaughan have warned they are "worried" about the rapid recovery in UK commercial property values. The property veterans lead London & Stamford and Mr Mould, the chairman, said that the acquisitive...
Financial Times MANDELSON SIGNALS END OF CREDIT SCHEME Business Secretary Lord Mandelson signalled on Wednesday ministers will refuse business pleas to extend the five-billion-pound trade credit insurance scheme. Mandelson...
