Channel Islands
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Church slumps despite property values
The rise in property values have helped the Church of England offset falls in stocks and shares. But it saw £400m wiped off the value of its assets last year…
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Could 6C demerger lead to another Safeway-style battle
The Financial Times predicts the makings of a Safeway-style bid battle for the soon-to-be demerged Six Continents. The company will unveil listing particulars for the demerger of the groups pubs…
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Safeway keeps Morrison out in the cold
Safeway has reiterated its refusal to recommend William Morrison’s bid for the supermarket chain. Wal-Mart/ASDA remains the favourite at 7-4, according to the Cantor Index.
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Sir Fraser AWG bid could find favour
Sir Fraser Morrison’s rejected offer for Anglian Water Groups (AWG) property and housing divisions could be treated more favourably if a £900m management buy-in WestLB is leading, is successful, reports…
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St Modwen promises a record year
St Modwen has promised record results this financial year. Its prediction came with the announcement of an 18% increase in full-year pretax profits to £30m on turnover up from £66m…
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MPs seethe over Mapeley PFI deal
The Commons Treasury Select Committee has attacked the Inland Revenue and Customs for alleged maladministration after 200 properties were transferred to an offshore company as part of a 600-property PFI…
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Green files Safeway proposals with OFT
The Office of Fair Trading (OFT) has confirmed Philip Green has filed his bid proposals for Safeway with the regulator. The submission follows others from William Morrison, Sainsbury’s, Wal-Mart/ASDA and…
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FT publishses residential property special
A 16-page special report on the London residential market is published with the Financial Times today. It includes a feature on how good transport links are critical to the regeneration…
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Award-winning architect dies at 48
Ian Davidson, architect and educator, has died of a heart attack, aged 48. He was an award winner whose vibrant designs transformed run-down sites, says The Times.
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Errors in Tesco property accounts
Errors have been found in the accounts of Tesco Property Holdings (TPH) filed with Companies House. The mistakes include the understatement of property market values and administration costs.
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Hilton keen to resume 6C talks
Hilton is thought to want to resume aborted negotiations with Six Continents (6C) about possibly merging the two hotel groups. 6C owns hotel brands such as InterContinental and Holiday Inn.
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Quick sale hopes for PizzaExpress
Hopes have increased of a quick sale of Pizza Express. The restaurant chain is considering three approaches, negotiations for which are well advanced.