Karen Day
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Oil, house prices a twin threat for banks, BoE report says
Oil and house prices are the main threats to the U.K.’s banks, the Bank of England’s quarterly financial stability report finds
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U.K. house price rises moderate
House prices in the U.K. rose 10.4% on the year in October, slowing from the previous month’s 12.1% on-year rise, data from the Office for National Statistics shows.
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John Lewis sales fall for second week
John Lewis department store reported a 5.8% fall in sales in the week to Saturday, compounding week-earlier falls of 10.6%.
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Hope for Tesco as sales stabilize
Tesco recorded a 1.8% fall in sales in the four weeks to December 7, an improvement from the previous period’s 4.2% fall, according to data from Kantar Worldpanel.
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ESRI urges Irish central bank to ease mortgage restrictions
The Economic and Social Research Institute has urged Ireland’s central bank to ease planned restrictions on mortgage lending.
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Westminster council to restrict developers
Westminster council intends to introduce plans that will require developers converting office space into residential properties to replace the space with offices in the area.
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Cerberus acquires £2.3 billion in real estate debt
U.S. private equity group Cerberus has acquired £2.3 billion in distressed commercial real estate debt, comprising £1.2 billion from National Australia Bank and £1.1 billion from Royal Bank of Scotland.
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Dalian Wanda raises $3.7 billion in IPO
Dalian Wanda Commercial Properties has raised $3.7 billion, in what is the Hong Kong market’s largest initial public offering this year.
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Germany’s commercial property market proves buoyant
Germany’s commercial property market is the most buoyant for seven years, according to a report by Jones Lang LaSalle.
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Mitsubishi Estate eyes higher profits as rents rise
Mitsubishi Estate expects operating profit for the year ending March 2015 to be above its previously raised forecast of 147 billion yen, benefiting from a buoyant rental market and the…
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MetLife appoints Amy Cummings to boost real estate funding
MetLife Inc. has appointed Amy Cummings, previously with JP Morgan Chase, as managing director of its asset management unit.
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China’s Kaisa may sell shares to maintain public float
Publically floated shares in Chinese developer Kaisa Group Holdings have fallen below the 25% minimum required by the Hong Kong Stock Exchange after Sino Life Insurance increased its holding in…