Debenhams' new chief executive Michael Sharp makes his first presentation to the City, offering good news about how the department store chain has traded over the summer... more
The UK's biggest privately owned building firm is close to clinching the prized £300 million contract to build British Land's Cheesegrater skyscraper... more
Developer British Land is hoping to avoid an unexpected spanner in the works from English Heritage this week over its new £340 million headquarters for UBS at Broadgate... more
A cloud no bigger than a man's hand hangs over Broadgate, casting a shadow on plans drawn up by British Land to build a £750 million HQ for UBS on the 16-block office complex adjacent Liverpool Street Station... more
The 47-storey Cheesegrater tower will begin its ascent early next year after British Land seals its partnership with a Canadian pension fund to develop the £340 million scheme... more
Market Round-up: Smith & Nephew is on its sickbed as talk of a large placing of shares and sluggish sales from a rival weighs on the artificial hip maker... more
UBS’s 6,000 London bankers can celebrate a first quarter bonus raise, and are told of the likelihood that they will move into new offices in Broadgate... more
British Land finally sells half its stake in City of London office complex Broadgate - giving it the firepower to embark on a £1 billion spending spree.... more
Developer and landlord British Land today stoked hopes that the worst of the property slump is over but remained tight lipped over the expected sale of half its Broadgate office estate in the City
... more
Shares in Britain’s biggest landlords surged on speculation that a consortium of high-profile investors, including the Indian steel tycoon Lakshmi Mittal, are looking to buy property giant British Land ... more
UBS, which has axed hundreds of jobs in its London investment banking hub at Broadgate, is considering reducing the office space it leases there... more
Japanese financial group Mitsubishi agreed to relocate two subsidiaries in the City of London in the biggest deal for the commercial property market this year... more
British Land yesterday produced a set of third-quarter results that pretty much guarantees new chief executive Chris Grigg won't match the £948,000 bonus paid to his predecessor Stephen Hester last year.... more
Property: UK property heavyweight British Land is looking to raise £740 million of equity through a two-for-three rights issue it hopes will quell the risk of a financial covenant breach and bankroll an opportunistic acquisition spree... more
Property: Beleaguered property developers British Land and Land Securities are to sell stakes in two of Britain’s biggest shopping centres for £750 million to help pay off debts
... more
Property: City office blocks giant British Land has plunged £1.3 billion into the red as the crash in property values continues to ravage the sector.... more
So what will Stephen Hester will do at RBS? Those seeking clues will naturally take an interest in how the former head of Abbey house-cleaned this rather dusty property company during three years of boom and one year of bust... more
Stephen Hester, the boss of British Land and the soon-to-be chief executive of Royal Bank of Scotland, has called the bottom of the property market, claiming it will be “some time next year”... more
Afternoon:
8°c
