Henry Boot ups dividend as developer optimistic about UK property market March 25, 2024 Property developer Henry Boot has increased its dividend for the year as the firm remains hopeful about green shoots in the UK’s property market.
IMF: China must ‘reinvent itself’ to boost shaky economy March 24, 2024 China needs to take "decisive" steps to fix its struggling housing market and address its rising government debt, the IMF's chief has said.
It’s not just the BT Tower: London’s property developers look to turn offices into hotels March 23, 2024 Over a quarter of office sales made in the year to March have been from buyers who wish to turn the buildings into hotels, offering a lifeline for London’s downtrodden commercial property market.
Saudi Arabia reportedly eyes up £2bn stake in Selfridges, Gucci owner denies interest March 22, 2024 Saudi Arabia is reportedly eyeing up a £2bn stake in Selfridges as the department store chain's co-owner faces insolvency, while luxury goods giant Kering has denied the claim that it is interested in the store.
Mike Ashley’s Frasers Group increases Hornby stake March 22, 2024 Mike Ashley's Frasers Group has further increased its stake in model train maker Hornby.
Abrdn Property Income chair blasts ‘misleading’ comments in bidding war March 21, 2024 Urban Logistics REIT has backed down from its bidding war over Abrdn Property Income trust after failing to make a formal offer for the real estate investment trust. Less than an hour before the 5pm deadline yesterday set out by the UK takeover code, the trust announced that it would not be proceeding with an [...]
Direct Line brings back dividend but warns there’s still work to be done March 21, 2024 Insurer Direct Line has posted an annual operating loss of £189.5m as it battles claims inflation, while looking to achieve £100m in annualised cost savings by the end of 2025.
Gucci, Prada, and Burberry are no longer in Vogue as ‘richcession’ bruises luxury sales March 20, 2024 A profit warning from the parent brand of Gucci has sunk the share price of not only the brand but also its rivals, in the latest sign that luxury designers are falling out of fashion with investors.
House prices show stability despite higher interest rates, but rents continue to surge March 20, 2024 The average price of a home was £2,000 cheaper in January when compared to the exact same period the year before, according to new government figures.
Build-to-rent giant PRS records double-digit profit growth as home shortage boosts rents March 20, 2024 Overall, the group reported adjusted earnings of £18.7m, up 11 per cent and a profit before tax of £30.3m, up 106 per cent year-on-year.