Property Finance

HSBC wants its commercial property back | 17 Oct 2008

HSBC wants to buy its flagship commercial property back, it has been reported.The bank is in talks with current owner Metrovacesa, after selling the Spanish property company its Canary Wharf ......

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Lehman bosses' commercial property buy-out | 17 Oct 2008

The bosses at Lehman Brothers are considering buying the firm's global property business, Property Week has reported.Its senior real estate team of Mark Newman and Brett Bossung, along with European ......

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FTSE hit by recession fears | 16 Oct 2008

The FTSE 100 has again been hit by fears of a global recession.The index of leading shares dived to 4,079 yesterday and opened this morning even lower, having dipped under ......

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Commercial property prices fall | 15 Oct 2008

Commercial property prices have again fallen, the Investment Property Databank has revealed.Its UK Monthly Property Index showed all property returns fell 2.4 per cent in September, the most significant dip ......

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MPs attack empty property tax | 15 Oct 2008

A number of MPs have attacked the empty rates tax, which affects unoccupied commercial property.Local government minister John Healey came under fire from Labour MPs Eric Illsley, David Crausby and ......

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Banks get new bosses | 14 Oct 2008

UK banks are making dramatic changes following a government investment of £37 billion, devised to improve their funding.Executives at Royal Bank of Scotland (RBS) and HBOS are to be replaced ......

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Govt gives banks £37bn | 13 Oct 2008

The government is to inject £37 billion into the UK's failing banking sector.The money will go to Royal Bank of Scotland (RBS), Lloyds TSB and HBOS to help them recover, ......

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Property developers give Crossrail £100m | 13 Oct 2008

Property developers are to give the Crossrail project £100 million, Transport Briefing has reported.The funding was announced after Tower Hamlets council agreed to grant planning permission for a new development ......

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Stockmarkets take early battering | 10 Oct 2008

Stockmarkets around the world have again fallen as the economic crisis deepens.The FTSE fell more than ten per cent soon after opening and European, Asian and Russian markets have all ......

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Bankers accept pay cuts in govt deal | 09 Oct 2008

Bankers have agreed to curb executive pay levels as part of an agreement with the UK government.Gordon Brown, senior ministers and representatives of the leading lenders worked through the night ......

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