Channel Islands
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Amec shares hit by £65m exceptionals
Amec’s shares fell 10% after it revealed £65m of additional exceptional charges relating to its restructuring programme and exposure to two legal disputes in the US.
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Hamptons warns of ‘1980s style boom’ in London
The London property market is “reminiscent” of the boom in the 1980s that ended in a disastrous property crash, Hamptons International warned yesterday.
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Asda backs out of East End site after protest
Asda has scrapped plans to anchor St Modwen’s Queens Market proposals in east London, following a strident campaign by 160 stallholders.
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House-selling packs “expensive, deficient and dangerous”
The government’s planned home information packs were condemned last night as “expensive, deficient and dangerous” following government news that they will cost £1,000.
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Best bids loom for Covent Garden market
Dutch financial group ING is thought to be in pole position to buy London’s famous Covent Garden market. Best bids are due on Monday for the 35-building market, which have…
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MPs warn REITs could help to raise property prices
Real estate investment trusts (REITs), designed largely to ease the housing shortage, could help to raise prices rather than increase supply, MPs have warned.
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Retail and leisure kings in Queen’s Birthday honours
Philip Green, the retail entrepreneur, and Stelios Haji-Ioannou, the founder of easyJet, have received knighthoods in the Queen’s birthday honours. David Michels, the former chief executive of Hilton Hotels, has…
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Due diligence on AB Ports bid
The 3i-Macquarie consortium, which is considering a £2.5bn bid for Associated British Ports, has begun due diligence of the takeover target’s assets and records.
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Centrica to build £400m gas power station in Devon
Centrica, owner of British Gas, has given the go-ahead to a new £400m gas-fired power station in Devon in an effort to generate more of the electricity it needs to…
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Golfrate lodges £145m Trocadero plans
Golfrate, the private property company, has submitted plans for a £145m redevelopment of the London Trocadero, at Piccadilly Circus, which will turn the venue into an upmarket shopping, hotel and…
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Fullers eyes more acquisitions
Fuller, Smith & Turner, the British brewer and pub owner, reported a 5% rise in adjusted annual profit to £18.7m and said that the smooth integration of George Gale &…
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L’Oreal gets backing for Body Shop takeover
L’Oreal, the cosmetics group, said that its 300p-a-share offer for The Body Shop has secured 95.5% support from shareholders and that it now intends to initiate delisting of the Sussex-based…