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Fullers buy 15 Enterprise pubs for £22.9 million

Fri, 03 Feb 2012 00:00:00 GMT

Fuller, Smith & Turner, the Chiswick-based brewers, have acquired a portfolio of 15 freehold pubs from Enterprise Inns for £22.9 million, paying a premium above the £18.4 million book value. Although the pubs are not individually identifie

Great Portland Estates continue H1 progress in Q3

Thu, 02 Feb 2012 00:00:00 GMT

In its Q3 update today, Great Portland Estates, the central London landlord, said that demand for space has continued and that the group void rate has fallen from 3.2% at Q2 end to 2

Ashley House and Care Capital testify to slow NHS primary care market.

Tue, 31 Jan 2012 00:00:00 GMT

Two firms whose fortunes are closely linked to the Healthcare market reported today that market conditions are challenging in the primary care Market.

Sir William Wells, Chairman of Ashley House Plc said: "Our core healthcare market conti

M&B LFL sales improve in Q1 amid boardroom disarray.

Thu, 26 Jan 2012 00:00:00 GMT

Mitchells & Butlers reported better than expected Q1 sales today, benefiting from milder weather over the Christmas and New Year period and strong demand for informal dining.

The company, whose chains include Harvester, Toby Carvery and All

Patrick Vaughan reveals increased London & Stamford dividend and forsees significant opportunities in 2012

Thu, 26 Jan 2012 00:00:00 GMT

In their interim statement today Patrick Vaughan, the respected property veteran and CEO of London & Stamford Property Plc said:

"The outlook for property in the United Kingdom continues to be very uncertain with difficulties within th

2011 commercial investment property transactions were down 6.5% on the previous year

Tue, 24 Jan 2012 00:00:00 GMT

The latest Q4 data to complete the 2011 series on commercial property transactions has just been published by Property Data, showing that transactional volume in the commercial investment property market fell back 6.5% last year compared to 2010 from &pou

Bonmarche may be lucky as other Q1 retail failures struggle to attract buyers

Tue, 24 Jan 2012 00:00:00 GMT

After falling into administration last week, Peacocks Group, which has a £750 million debt pile and is the biggest UK retail failure since Woolworths with 9,600 jobs in jeopardy, has sold its Bonmarche subsidiary.

Bonmarche was one of the

Land Secuities Salway judges time to move on has arrived, as Q3 results meet expectations

Tue, 24 Jan 2012 00:00:00 GMT

Land Securities, the largest UK REIT by capitalisation, in its Q3 management statement today, said that lettings activity has held up well with the office element of One New Change EC4 now 82% let, and 20% of 123 Victoria Street SW1 let 3 months ahead of

William Hill produce solid Q4 result with the retail estate earning its corn

Thu, 19 Jan 2012 00:00:00 GMT

William Hill, the UK's number 1 bookmaker, said today in its Q4 statement that its net revenue will be up 6% on last year and operating profit just below last year at £274 million.

In the mix of the business, telephone betting continued t

JD Wetherspoon report continued robust trading in Q2

Wed, 18 Jan 2012 00:00:00 GMT

JD Wetherspoon, the leading pub company, today reported that its Q2 sales have increased on an LFL basis by 3.6%, compared to a 1.1% increase in Q1. This has much to do with the comparison with last December which suffered very bad weather, rather than

Canary Wharf buyout lame duck partners to press ahead with Wood Wharf development

Wed, 18 Jan 2012 00:00:00 GMT

Canary Wharf Group today announced that it has acquired the stakes of its partners in the Wood Wharf Partnership. It has paid Ballymore, the indebted Irish developer £38 million for its 25% stake and British Waterways, now converting into a national

Greene King report strong Christmas trading in a robust Q3 performance

Tue, 17 Jan 2012 00:00:00 GMT

Greene King, the Suffolk-brewer which operates 2,410 pubs, restaurants and hotels across England, Wales and Scotland, said LFL retail sales rose 8.2% in the seven weeks to 15 January, boosted by an 11.1% rise in food sales and a record Christmas week when

Taylor Wimpey looking profitable in 2011 as better volumes, margins and less debt assist.

Tue, 17 Jan 2012 00:00:00 GMT

Taylor Wimpey Plc today became the last of the major housebuilders to say how its 2011 business has gone when it said that it has increased completions 2% over last year to 10,180 and that margins have been on a rising trend achieving 9.3% in H1 and over

UK house prices outside London continue to fall.

Mon, 16 Jan 2012 00:00:00 GMT

Residential property prices continue to fall in the UK say Rightmove today, as the website revealed that of the 36,433 properties put up for sale nationally the average asking price fell 0.8% to £224,060.

The new to market properties repre

Bovis Homes report sales last year up 8% and better margins

Mon, 16 Jan 2012 00:00:00 GMT

Bovis Homes Group, the Kent-based housebuilder today reported, like its peers, that for the year ended 31 December 2011 it increased its sales by 8% over 2010 to 2045 homes legally completed, and increased average selling prices by 4.5% to £180,100.

Barratt continue their struggle back to profitability with H1 sales up 8%.and better margins.

Thu, 12 Jan 2012 00:00:00 GMT

Barratt Developments Plc, the housebuilder, said in its H1 trading update today that it's sales are up 8% to around £950 million on the completion of 5,198 units and with margins up from 5% to 6.4% an operating profit of around £61 million has

Galliford Try substantially increase housing sales as mortgage availability improves.

Wed, 11 Jan 2012 00:00:00 GMT

Compared to its peers, Galiford Try, the Uxbridge-based FTSE250 national contractor and housebuilder, has increased its housing completions and sales, saying that mortgage availablity has improved, while others have simply maintained volume and focussed o

Development Securities continues deliver solid results

Tue, 10 Jan 2012 00:00:00 GMT

Development Securities Plc, the London-based developer and property investor, today reported in its interim statement that it has continued to invest the proceeds of its £188 million August 2010 rights issue. Having now spent £160 million in o

Persimmon Homes move into the black as cash piles in

Mon, 09 Jan 2012 00:00:00 GMT

Persimmon Homes, the York-based national housebuilder, said today that it matched its 2010 output in 2011, with 9,360 homes completed.

Like its peers it has focussed this year on margin improvement, and in H2 this will exceed 10.5%, on revenue

Sutton Harbour goes to the market to fund Millbay Marina Project.

Thu, 05 Jan 2012 01:55:20 GMT

Sutton Harbour Holdings, the AIM-listed, Plymouth-based developer which owns Plymouth Airport and the Marina from which it takes its name, today made an open offer for shares to the market to fund its Millbay Marina project. It expects to receive £5

Pramerica buy into Glasgow property

Thu, 05 Jan 2012 00:00:00 GMT