Property News
Melrose says 'disregard' Mergermarket story, to waive CFIUS clearance condition
In its second instalment of the day, turnaround specialist Melrose Industries said a story published by Mergermarket on Thursday suggesting that it was confident of meeting the 50. 1% minimum threshold for shareholder acceptances should be disregarded.
Charter Court profit more than doubles in debut results
Charter Court Financial Services reported a more than doubling of annual profit in the buy-to-let mortgage lender’s first set of results since floating on the stock market and joining the FTSE 250.
Savills makes good start to 2018 as annual profit rises
Savills said it made a good start to 2018 but highlighted market uncertainty as the estate agent and property adviser posted a 3. 5% rise in underlying annual profit.
CLS turns to Germany as Brexit unsettles UK property market
CLS Holdings said it was shifting property investment towards Germany amid Brexit jitters in the UK as the company reported a near-doubling of annual profit after selling its Vauxhall Square site in London.
Howden profits wobble but sales robust in 2018
Howden Joinery registered a slight fall in annual profit as costs rose faster than revenue but the kitchen company said sales remained robust at the start of 2018.