Manchester billionaire tables £583m offer for property developer Harworth Property Billionaire-owned Peel Group has tabled a £583m offer for Harworth as the property developer is poised to become the latest firm to exit the London Stock Exchange. The offer of 172.5p per share represents a premium of 20.1 per cent compared to Harworth’s closing share price yesterday and a 36.9 per cent premium above the [...]
‘Grinding it out’: Ibstock swings to loss and cuts dividend amid building slump Property One of the UK’s biggest brickmakers has bemoaned a ‘challenging’ housebuilding market as it slashed its dividend and swung to a loss. Leicestershire-based Ibstock, which is London’s second most shorted stock with a reported short interest of 12.9 per cent, posted a loss of £27m for the first six months of the year, down from [...]
FTSE 100 Segro agrees to £14bn takeover by Prologis Property FTSE 100 property firm Segro has agreed to a £14bn takeover by Prologis, bringing an end to a long tussle between the two real estate giants and striking another blow to the London Stock Exchange. The US-based commercial landowner said on Tuesday that it has reached an agreement with Segro’s board which values the British [...]
Foxtons hits out at Renters’ Rights Act as profit halves July 30, 2026 Foxtons’ profit slipped as the London estate agency hits out at the Renters’ Rights Act, blaming the new tenant powers for causing a surge in renters cancelling their tenancies. The London-listed firm said the new law meant a higher number of tenants cancelled their rental agreements in May and June, meaning the estate agency lost [...]
Student housing giant Unite faces £400m loss amid property value slump July 28, 2026 Unite Students has plunged to a more-than £400m loss after being hit by a £500m revaluation of its properties and “extremely challenging” building costs. The UK’s largest student landlord slumped to a £417m pre-tax loss in the six months to June, reversing a £186m profit the year before, as its earnings slipped by two per [...]
Industry hits out at rumours as No 10 denies plan to abolish stamp duty and council tax July 27, 2026 Andy Burnham is “not considering” scrapping stamp duty and council tax, Downing Street has said, as the government moves to pour cold water on rumours of major tax changes that had spooked property sector leaders. Business chiefs condemned the government over the danger of property tax speculation after reports over the weekend suggested that Burnham [...]
FTSE 100 property giants urge Burnham to unleash London office construction July 20, 2026 London’s leading property giants have urged Andy Burnham to unleash a wave of new office construction in the capital to boost the UK’s stagnant productivity and sluggish growth. The London Property Alliance (LPA), which represents the capital’s 300 biggest property developers and investors, has written to the incoming Prime Minister urging him to designate central [...]
FTSE 100 property giant Segro rejects £13.5bn Prologis bid July 20, 2026 Segro has rejected a second and third takeover bid from US rival Prologis, as the tussle between the two property giants steps up a gear. The FTSE 100 real estate firm rejected Prologis’ latest bid last week, which amounted to £9.93 per share and valued the group’s total shares at £13.5bn. Prologis said its latest [...]
Foxtons shares tumble as estate agent takes £3m knock from Renters’ Rights Act July 16, 2026 Foxtons shares have tumbled after the firm said it took a knock of as much as £3m from the introduction of the Renters’ Rights Act, amid a sharp uptick in tenancy terminations. The Act abolished fixed tenancy terms and increased tenant flexibility to terminate tenancies, sparking “elevated levels of tenancy terminations.” Foxtons, which also bemoaned [...]
Prologis ramps up pressure on FTSE 100 property giant Segro July 9, 2026 US real estate giant Prologis has called on shareholders in FTSE 100 rival Segro to engage with its £12.6bn takeover bid, arguing the deal offers a “substantial upfront premium” and access to a larger global footprint of data centres. Prologis, a real estate investment trust (REIT) based in San Francisco, claimed that “constructive engagement… remains [...]