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  • Kingfisher sees 2009 profits rise

    Posted on March 24th, 2010 UK Business Property - RSS Feed No comments
    Kingfisher, owner of the B&Q and Screwfix brands, saw its adjusted pre-tax profit rise by 49% to £547 million in the year to January 30th 2010.

    The company, which also posted a 64.5% increase in profits across its UK and Ireland operatio
  • Next reveals commercial property expansion plans

    Posted on March 24th, 2010 UK Business Property - RSS Feed No comments
    High Street retailer Next intends to expand its business property portfolio by a further 247,000 sq ft in the coming year.

    In its financial results for th
  • AIB needs €9 billion more aid to prop it up says new boss

    Posted on March 24th, 2010 UK Business Property - RSS Feed No comments
    Anglo Irish Bank  will need between €6 billion and €9 billion  in further state investment to remain afloat, Chief Executive Mike Aynsley told the Irish Times newspaper.

    He confirmed that AIB would report the biggest loss in
  • Budget 2010: Government to create Strategic Property Vehicles

    Posted on March 24th, 2010 Daily news from Property Week No comments

    The government is to set up companies to run public sector property by April 2011 as it bids to save £1.5bn in property running costs and make £2bn from central government property sales by 2013/14.

  • Budget 2010: REITs win dividends victory

    Posted on March 24th, 2010 Daily news from Property Week No comments

    Real estate investment trusts (Reits) will be allowed to count stock dividends towards their 90 per cent income distribution requirements, in a victory for the British Property Federation.

  • Budget 2010: Small empty property rate relief extended

    Posted on March 24th, 2010 Daily news from Property Week No comments

    The government has extended business rates relief for small empty properties for another year.

  • BLOG: Barrie on the Stamp Duty “Great Escape”

    Posted on March 24th, 2010 Daily news from Property Week No comments

    With only residential property included in the rise in Stamp Duty to 5% today commercial property can breathe a huge sigh of – probably temporary – relief.