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Terrace Hill gets green light for Southampton scheme
Thu, 15 May 08
Terrace Hill gets green light for Southampton scheme16:27 | 29.04.08Terrace Hill has won planning for its £70m Mayflower Plaza development in Southampton. By Jennifer Rigby The AIM-listed company now plans to go on site in the summer to build 116,928 sq ft of office space, a 150 bedroom hotel and 180 residential apartments in the city. The scheme is due for completion in 2010. Dormant site to wake upRichard Myers,......more > |
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Barratt gives much needed fillip
Thu, 15 May 08
Barratt gives much needed fillip08:05 | 15.05.08There was a rare sigh of relief in the housebuilding sector yesterday as Barratt Developments reported reservations were down by only one-third since the start of the year and eschewed a rumoured rights issue. Financial Times, Daily TelegraphIn line with other builders, Barratt described 'a significant fall' in net reservations over the past six weeks, which Mark Clare, chief executive, estimated were down about......more > |
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Whitbread launches new restaurant chain
Thu, 15 May 08
Whitbread launches new restaurant chain09:06 | 15.05.08Whitbread, the listed leisure business, is to launch a new restaurant chain.By Laura Chesters Whitbread, which owns budget hotel chain Premier Inn, coffee chain Costa Coffee and restaurant businesses Beefeater and Brewers Fayre, is to launch a new chain of restaurants called Table Table.Table Table will be rolled out to some of Whitbread’s existing Brewers Fayre restaurants. Around 105 will open this month.All Whitbread......more > |
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Bank of England comment by Mervyn King
Thu, 15 May 08
UK inflation woe 'set to worsen' Bank of England governor Mervyn KingThe outlook for UK inflation has "deteriorated markedly", the Bank of England governor Mervyn King has said. Government figures on Tuesday showed that the rate of consumer inflation reached its highest level in 13 months driven by high food and fuel costs. Mr King said inflation would probably stay above the government target of 2% for two years, hampering......more > |
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"I can save economy again" says Gordon Brown
Thu, 15 May 08
I can save economy again - Brown Mr Brown is attempting to regain the political initiativePrime Minister Gordon Brown has said he is the right man to steer the country through difficult economic times. He blamed "international factors" for rising oil and food prices and housing market problems and said he was taking the right action to deal with them. Asked if he should stay in his job he......more > |
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UK inflation jumps to 3% in April
Wed, 14 May 08
UK consumer inflation reached its highest level in 13 months driven by high food and fuel costs, according to the Office for National Statistics.The Consumer Prices Index (CPI) hit 3% on a yearly basis in April, up from 2.5% in March. The monthly rate was 0.8%, the biggest leap since May 2001.According to the figures, the Retail Prices Index rose to 4.2% from 3.8%.The inflation data would probably stop the......more > |
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Bank of England releases economic forcasts today! That should make for an interesting read?
Wed, 14 May 08
UK inflation jumps to 3% in April ......more > |
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Brown to set out future programme - whatever that is?
Wed, 14 May 08
Brown to set out future programme ......more > |
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Sainsbury's annual profits up 28%
Wed, 14 May 08
Supermarket chain Sainsbury's has reported strong growth in profits and plans to boost its non-food business.Underlying profits reached £488m in the year to 22 March, marking a 28% rise on the year before. Like-for-like sales, excluding fuel, went up 3.9%.The firm said the results marked the end of a recovery plan set out in 2004.The retailer also said it would invest £15m in 2008 and 2009 to start selling non-food......more > |
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B&B seeks £300m from shareholders
Wed, 14 May 08
Bradford & Bingley has become the latest UK bank to go to its shareholders for extra cash.The bank said it was planning to raise £300m in a rights issue that offers existing investors the chance to buy more shares.It said the extra cash would strengthen its capital position and make up for some of its weakening investments.As a big mortgage lender, Bradford & Bingley has been among those worst hit......more > |
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