Northern Ireland
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PFI bank announcement ‘this month’
Ministers will announce this month that the private finance taskforce is to be privatised. It will become a merchant bank called UK Capital, advising on the construction of private finance…
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Wal-Mart has nearly 19% of Asda so far
Wal-Mart has so far acquired nearly 19% of Asda. The US retailer issued its offer document for the UK supermarket chain.
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BAA to develop extra 13,935 sq m for airport discount shops
BAA is to develop an extra 13,935 sq m (150,000 sq ft) of retail space in airports over the next 18 months.
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Dutch developer moves in on Victoria Square Belfast
Dutch developer Multi Development Corporation is planning a 52,000 sq m (560,000 sq ft) redevelopment of Victoria Square in Belfast City Centre.
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Debenham Tewson reports 52% increase in profits
Debenham Tewson & Chinnocks has announced a 52% increase in pre-tax profits to £11.8m. Profits were boosted by contributions from European operations acquired during the year.
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Punch ups the ante in Allied bid
Punch Taverns has raised its cash bid for Allied Domecq’s pubs and off-licences to £2.85bn – 20% higher than Whitbread’s rival offer.
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Littlewoods stumps up £120m to revamp stores
Littlewoods is to invest £120m on its high street stores over the next two to three years. . The revamp includes putting its Index catalogue outlets inside Littlewoods stores and…
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Spinney made Crown Estate Commissioner
The Crown Estate has appointed Hammerson chief executive Ron Spinney a Commissioner. Spinney has been credited with turning around Hammerson’s fortunes and streamlining its portfolio.
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Government urged to push ahead with urban plans
Environmentalists, house-builders and the Conservatives last night urged the government to implement the proposals outlined by the Urban Taskforce quickly. The Taskforce has made over 100 recommendations including the creation…
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Rotch and Schroders link in £1bn PFI rescue scheme
Rotch Properties has teamed up with Schroders to plough £1bn into PFI through a novel funding route that uses credit-guaranteed bond finance.
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Property awakens to cross-border expansion
The property sector’s awakening to the possibilities of cross-border expansion is the subject of Norma Cohen’s The Property Market column in the Financial Times.
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John Ritblat honoured at awards
John Ritblat has been honoured in this year’s UK Entrepreneur of the Year awards. The chairman and managing director of British Land was name winner in the London regional final…