Markets
London - The FTSE 100 is currently 49.85 points higher at 4,102.32. Barclays tops the risers’ board, up 37%, after reporting a profit of £5.3 billion. This gives support to a number of other financials which follow in its wake. Lloyds Banking Group adds 18%, RBS climbs 12.5% and HSBC rises almost 4%. Wolseley tops the fallers after saying profit will be down by almost two-thirds in the current year, shares are 15% lower.

Posted: January 26th, 2009 under Asset Management.
Comments: none

Markets
London - UK stocks closed lower for a fourth straight session on Thursday, as weakness in telecoms led by Vodafone and BT Group outweighed gains in energy stocks and beaten down banks. The FTSE100 closed 7.65 points lower at 4052.23.

Posted: January 23rd, 2009 under Asset Management.
Comments: none

Markets
London - The FTSE 100 is currently 77.98 points higher at 4,137.86. Financials take the top spots on the risers’ board as investors continue to pick up stocks in the battered sector. RBS climbs 20% while Lloyds adds 18.7%. Mining companies also make headway, with Xstrata lifted 9% following news that it will be allowed to expand its controversial McArthur River lead and zinc project in northern Australia. On the downside, BT slides 12% following weak third quarter results and Morrisons loses almost 5% with investors disappointed that it hasn’t raised its outlook following a strong Christmas period.

Posted: January 22nd, 2009 under Asset Management.
Comments: none

Overage provisions are generally used where a seller wishes to share in any potential development value in a property that might be realised after completion of a sale.  A seller is likely to require an overage obligation from the buyer where there is a reasonable belief that the land may be redeveloped or that permission [...]

Posted: January 22nd, 2009 under Commercial Property.
Comments: none

Markets
London - The FTSE 100 is currently 40.16 points lower 4,051.24. Banks top the fallers and risers’ board, Barclays leads the fallers, down 25% and Lloyds loses 17%. Royal Bank of Scotland tops the risers, up 6.8%, as the Treasury Committee urged the government to nationalise the bank, which it already owns 70% of.

Posted: January 21st, 2009 under Asset Management.
Comments: none