Property Finance

Skanska chief replaced after £41.5m loss | 24 Jul 2008

David Fison, UK chief executive of construction company, Skanska, has been replaced following the firm's £41.5 million loss.Its group chief executive, Johan Karlstrom, was unhappy with the company's results in ......

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Salaries in the City remain still | 24 Jul 2008

Salaries in the City of London have remained largely unchanged in the last year, despite recent economic wobbles.Recruiter, Morgan McKinley has also observed while more people have been forced to ......

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HBOS shares rally after Spanish interest chatter | 23 Jul 2008

Shares in lender, HBOS have risen following talk on the markets of interest from Spanish firm, BBVA, it has been reported.The lender had seen its shares fall in value and ......

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FBI question Indymac | 17 Jul 2008

The Federal Bureau of Investigation (FBI) is questioning US lender Indymac Bancorp, it has been reported.The bank's collapse along with that of fellow lender, Fannie Mae, has affected UK markets ......

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Morgan Stanley: Look to property derivatives | 16 Jul 2008

Morgan Stanley has recommended investors look to property derivatives, the Gulf Times has reported.At a seminar for international investors, organised by Qatar's Commercialbank, Benoit Pinguet, vice president of property derivatives, ......

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Helical Bar: Investors need "courage" | 16 Jul 2008

UK developer, Helical Bar's chief executive has called for investors to show some courage and buy real estate.Mike Slade told Bloomberg it is seeking investors, is in talks with potential ......

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US bank bail-out sinks FTSE | 16 Jul 2008

The US government shored up two of the country's biggest lenders yesterday and sent the UK stock market plummeting, it has been reported.Its central bank bailed-out mortgage giants Fannie Mae ......

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Commercial property takes 2% dip | 15 Jul 2008

Commercial property values took a two per cent dip in June, according to the Investment Property Databank (IPD).Retail property values fell furthest (2.4 per cent), although rental growth remained the ......

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ST Modwen writes down £16.9m | 14 Jul 2008

St Modwen has written down £16.9 million from its commercial property portfolio.The regeneration specialist returned weak half-year profits and will sell some of its land to help balance its loss.It ......

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London will get financial help group | 14 Jul 2008

London is to get a new financial help group to aid it retain its competitiveness.Chancellor, Alistair Darling is setting up the Financial Services Global Competitiveness Group, which he will co-chair.Mr ......

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