Channel Islands
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Landfill sites devaluing houses by up to 10%
The proximity of a house to a landfill site can knock as much as 40% off its value, according to a government report released yesterday.
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Morrisons’ bid for Safeway sees low take-up
Wm Morrison Supermarkets’ all-share offer for Safeway received acceptances less than 1% of its target’s capital by the first close yesterday.
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Six Continents admits gaffe as KKR weighs up bid
Private equity firm Kohlberg Kravis Roberts is considering mounting a counter-bid for Six Continents if Hugh Osmond makes a hostile offer for the pubs and hotels group.
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Irish parents targeted in bid to put children on property ladder
Parents in Ireland are being urged to sign up for a new product which sees them borrow against their houses to give their children a foot on the property ladder.
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Investors turn away from shares to premium bonds
Investors are turning away from shares, driving an unprecedented surge in sales of premium bonds. The public bought more premium bonds in January than in any month since they were…
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Minerva bid for Allders goes unconditional
Scarlett Retail, the vehicle set up by Minerva to bid for Allders, said it had satisfied all the conditions of its offer.
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BIL eyes final piece in Thistle jigsaw
Singapore investment company BIL International said yesterday it was considering making an indicative offer for the shares in Thistle Hotels it does not own.
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Eldridge Pope liable to approach as shares hit 10-year low
Dorset pub group Eldrige Pope yesterday warned it would fall into losses in the six months to March. The warning saw shares fall to a 10-year low as analysts cut…
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DARA to build £77m plant
The Defence Aviation Repair Agency is to build a £77m aircraft repair and maintenance centre in the UK. It will be built at the RAF base in St Athan, South…
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Historic buildings ‘in jeopardy’
English Heritage claims Britain is in danger of losing more historic community buildings than at any time since Henry VIII dissolved the monasteries.
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Dire day for housebuilders
Housebuilding stocks had a dismal day on the back of comments from the Royal Institution of Chartered Surveyors (RICS) that the housing boom was coming to an end.
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Muslim retail bank in the offing
The Islamic House of Britain is about to apply to the Financial Services Authority for a banking licence. This would make it the first independent Muslim retail bank offering banking…