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Morrisons report FY 2009 profit up 21% as Optimisation plan bears fruit
Posted on March 10th, 2010 No commentsWm Morrison Supermarkets beat forecasts with a 21% rise in annual profit driven by its focus on low prices and fresh foods and hiked its dividend despite an uncertain consumer outlook.
Britain's fourth-biggest grocer, said today it made p -
JD Wetherspoon continues to show other pubcos how it should be done as H1 profits rise 17.5%
Posted on March 10th, 2010 No commentsJD Wetherspoon said it would start paying dividends again as H1 pretax profit rose by 17.5%, from a turnover up 4.1% to £488million.
The company, which has 746 pubs across Britain, said underlying pretax profit rose to £36.2 m -
Home Retail Group raises full-year outlook
Posted on March 10th, 2010 No commentsHome Retail Group has increased its profit outlook for the full-year, despite seeing like-for-like sales fall in the eight weeks to February 27th.
The firm, which uses commercial property to run its Argos and Homebase brands, said it now expects -
Standard Life invests in Tesco commercial property
Posted on March 10th, 2010 No commentsStandard Life Investments has completed its second acquisition of Tesco commercial property.
The firm has purchased a Tesco Extra site in Shrewsbury as -
Reits ‘to gain in popularity across Europe’
Posted on March 10th, 2010 No commentsSigns are emerging that real estate investment trusts (Reits) are to increase in popularity across Europe as property markets emerge from the economic downturn.
This is according to the Wall Street Journal, which noted that while these trusts hav -
Terrace Hill feeds on supermarket development
Posted on March 10th, 2010 No commentsTerrace Hill has bought two sites for supermarket developments, in Sunderland and in Whitchurch, Shropshire, and also submitted a planning application to redevelop Heaton Park Retail Park in Manchester.
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Derby takes powers for £1bn regeneration in-house
Posted on March 10th, 2010 No commentsDerby City Council is to close regeneration body Derby Cityscape and bring its powers in-house under a new structure to deliver £1bn regeneration in the town.
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Tories attack government policy with Property Week Pathfinder investigation
Posted on March 10th, 2010 No commentsThe Conservatives yesterday seized on a Property Week investigation to berate the government over alleged failures in its flagship housing policy.
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JLL appoints Manchester agency associate director
Posted on March 10th, 2010 No commentsJones Lang LaSalle has poached Andrew Gardiner, head of Matthews & Goodman’s office agency team in Manchester, to join its office agency team in the city.
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Covent Garden Market Authority kicks off search for £1bn development partner
Posted on March 10th, 2010 No commentsCovent Garden Market Authority (CGMA) has today launched the search for a development partner for a £1bn redevelopment of the New Covent Garden Market in Vauxhall, London.