Thursday, 4 December 2008

(AFX UK Focus) 2008-11-11 19:19 Russian developer RTM profit falls, revisits plans (Interactive Investor)

MOSCOW, Nov 11 (Reuters) - Russian real estate developer RTM reported on Tuesday a 60 percent fall in first-half net profit and said it would temporarily suspend investing in projects in their early stages due to the market crisis.

France holds together
With the credit crunch decimating property prices in many countries, good news has sometimes been hard to find. But i...

Layoffs at Wolseley as property slowdown accelerates (Reuters via Yahoo! UK & Ireland News)
In a sign of the increasingly acute contraction of the worldwide property market, building supplies company Wolseley announced a slew of layoffs and store closures, sending its shares tumbling as much as 8 percent in early trading.

HSBC offered 23pc off its Canary Wharf tower (Daily Telegraph)
HSBC is being offered back its headquarters in Canary Wharf for 23pc less than it sold it for last year.

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