Marston's show the way to brewers and pubcos as H1 sales rise 7.6%

Thu, 17 May 2012 22:00:00 GMT

Marston's Plc, the brewer and pubco, reported H1 sales up 7.6% on last year to £342 million, with LFL sales in it's 550 managed pubs up 3.6%. Even brewing sales were up 6.6% as the overall market for ales improved 2%. All divisions contributed to th

Land Securities finish 2011-12 FY with fingers crossed

Tue, 15 May 2012 22:00:00 GMT

Land Securities, the UK no.1 business property developer, today reported its final results for FY 2011-12, which are solid, but benefit less from valuation surpluses than the previous year owing to the cooling mar

A&J Mucklow say the Midlands industrial market is improving

Tue, 15 May 2012 22:00:00 GMT

A & J Mucklow Group Plc, the Midlands based REIT, reported in its H2 interim statement today that the Midlands industrial occupier market is showing signs of improvement and that rental levels are starting to firm up as the supply of better quality

Enterprise Inns testify to North-South divide as southern pubs lift H1 sales

Mon, 14 May 2012 22:00:00 GMT

In its H1 interims today, number one pubco Enterprise Inns said that its EBITDA was £168 million, down 6% on H1 last year, which is due to a smaller estate (which is still over 6,000 pubs) and also the impact of the sale and leaseback strategy. So a

Interest-only mortgages worsen North-South divide in the housing market

Mon, 14 May 2012 22:00:00 GMT

Government job cuts and a slump in manufacturing and construction are driving a decline in home values in the north, Standard & Poor’s said in a report last month. More than half of the increase in mortgage arrears in the 18 months ending in 201

Henry Boot reports better housing market activity achieving sales but still struggling for margin

Mon, 14 May 2012 22:00:00 GMT

Henry Boot, the Sheffield-based construction and land development business, today reported that the housing market has slowly improved over last year for new builds and that construction

Cushman & Wakefield swing to Q1 loss as revenues fail to outpace costs while rivals soar

Thu, 10 May 2012 22:00:00 GMT

Cushman & Wakefield, the US-based global property consultancy with 230 offices in 58 countries, reported a loss in Q1 today as well as slow revenue growth, providing one of the weakest earnings statements among the five property companies that have

Barratt Developments continue to gain momentum with strongest spring sales for 5 years

Wed, 09 May 2012 22:00:00 GMT

Barratt Developments, the UK's largest homebuilder by volume, said in it's 18 week Q3 statement this morning that it has had a strong spring selling season, with average weekly net private reservations up 25.3% against last year. Much of this is from sale

Clintons Cards loses battle for survival

Tue, 08 May 2012 22:00:00 GMT

Clintons Cards, which operates 628 Clintons and 139 Birthdays stores, has today requested that its shares be suspended on the London Stock Exchange.

The move comes after its banks - Barclays and Royal Bank of Scotland - sold the company's &p

Wet April takes its toll on the High Street

Tue, 08 May 2012 22:00:00 GMT

The High Street has been hit as U.K. retail sales fell the most in more than a year last month. The wettest April on record kept Britons from shopping and hurt demand for clothing, footwear, and gardening gear, the British Retail Consortium said.

Sainsbury's produces solid FY result and focusses new store development away from London

Tue, 08 May 2012 22:00:00 GMT

Sainsbury's, the UK number three grocer, reported FY sales to March 17th to be up 6.8% to £24.5 billion. Even after stripping out VAT and fuel, like for like sales were still up over 1%, a spokesman said.

Sainsbury's produced this stro

Terrace Hill puts 3 more foodstores in the pipeline.

Mon, 07 May 2012 22:00:00 GMT

Terrace Hill, which specialises in developing foodstores, said today that it will start construction of a new 100,000 sq ft Sainsbury's store and petrol station at Wessington Way in Sunderland. Foodstores have been a bright spot in an otherwise dark retai

IPD report widest gap in commercial property values between prime and secondary for 20 years

Thu, 03 May 2012 22:00:00 GMT

UK commercial property values declined by 0.7% in Q1 2012, the second consecutive quarter of decline, Investment Property Databank (IPD) has reported.

IPD said today that values are now 31

Millennium & Copthorne Hotels report strong Q1 results with pre-tax profits up 24%.

Wed, 02 May 2012 22:00:00 GMT

Millennium & Copthorne, the UK-based international hotel group today reported Q1 overall RevPAR (revenue per available room) up 6% to £59.17, with pre-tax profits up 24% to £25.9 million.

Its

Home Retail Group pre-tax profits collapse 66% and the final dividend is passed as recession bites.

Tue, 01 May 2012 22:00:00 GMT

Home Retail Group, owner of the Argos and Homebase businesses, today reported sales for 2011-12 down 6% to £5.492 billion, with gross profit down 7%. With flat costs, pre-tax profits are down 66% to £90.2million (2011: £265.2million). LF

Commercial property activity low in the Thames Valley say Cardiff Property

Mon, 30 Apr 2012 22:00:00 GMT

Cardiff Property Plc, the small ungeared Thames Valley-based property business chaired by Richard Wollenberg, reported its H1 results today.

Wollenberg believes that:

"The Thames Valley is one of the few business property agents are currently non-compliant with new regulations set to come into force on April 6th. At this point, agents will adopt the responsibility, alongside landlords

Commercial tenants with contractual concerns urged to seek advice

Thu, 29 Mar 2012 22:00:00 GMT

Commercial tenants with concerns about their rental contracts are pressed to seek legal advice if they have upcoming rent reviews, required maintenance, or require early release from the tenancy and need to know their rights in the case of dispute.

Songbird Estates hit by easing of market swings into the red

Thu, 29 Mar 2012 22:00:00 GMT

Songbird Estates Plc, owner of Canary Wharf Group, today reported a swing into the red for 2011, as a variety of factors, principally a much lower revaluation surplus than in 2010, hit the bottom line. A pre-tax loss of £212.8 million was reporte

Land Securities sells Great Arundel Court in bid to raise cash to fund developments

Tue, 27 Mar 2012 22:00:00 GMT

Land Securities, the UK number one commercial property company by value, has announced the sale today of Great Arundel Court WC2, a 3.3 acre

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Marston's show the way to brewers and pubcos as H1 sales rise 7.6%

Land Securities finish 2011-12 FY with fingers crossed

A&J Mucklow say the Midlands industrial market is improving

Enterprise Inns testify to North-South divide as southern pubs lift H1 sales

Interest-only mortgages worsen North-South divide in the housing market

Henry Boot reports better housing market activity achieving sales but still struggling for margin

Cushman & Wakefield swing to Q1 loss as revenues fail to outpace costs while rivals soar

Barratt Developments continue to gain momentum with strongest spring sales for 5 years

Clintons Cards loses battle for survival

Wet April takes its toll on the High Street

Sainsbury's produces solid FY result and focusses new store development away from London

Terrace Hill puts 3 more foodstores in the pipeline.

IPD report widest gap in commercial property values between prime and secondary for 20 years

Millennium & Copthorne Hotels report strong Q1 results with pre-tax profits up 24%.

Home Retail Group pre-tax profits collapse 66% and the final dividend is passed as recession bites.

Commercial property activity low in the Thames Valley say Cardiff Property

Commercial tenants with contractual concerns urged to seek advice

Songbird Estates hit by easing of market swings into the red

Land Securities sells Great Arundel Court in bid to raise cash to fund developments