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UPDATE 1-UK homebuilder Crest Nicholson hit by flat prices, rising costs

(Adds details on results, executive comment) June 11 (Reuters) – Crest Nicholson Holdings Plc reported a fall in pretax-profit for the first half of 2019 as Brexit nerves kept house prices flat across the south of England and building costs Read more ›

UPDATE 1-S.Africa’s Old Mutual suspends CEO after ‘breakdown in trust’

(Adds more details) JOHANNESBURG, May 24 (Reuters) – South Africa’s No.2 insurer Old Mutual Ltd said on Friday Chief Executive Peter Moyo had been suspended following a “material breakdown in trust” between him and the board. “As a result, the Read more ›

Countrywide warns on earnings as Brexit bites

April 30 (Reuters) – Countrywide Plc said uncertainty around Britain’s impending exit from the European Union had hit residential and commercial property markets, prompting the nation’s largest estate agent to warn of a shortfall in its first-half earnings. Countrywide said Read more ›

Intu Properties, Cale Street in shopping centre joint venture

April 18 (Reuters) – British shopping centre operator Intu Properties Plc on Thursday said it would form a joint venture with Cale Street for the Intu derby shopping centre. Cale Street Investments, an investment firm backed by the Kuwait Investment Read more ›

UPDATE 1-Creditors approve Avianca Brasil plan as antitrust concerns loom

(Adds creditors’ vote results) By Marcelo Rochabrun SAO PAULO, April 5 (Reuters) – Creditors led by hedge fund Elliott Management approved on Friday a restructuring plan for bankrupt airline Avianca Brasil, hours after the country’s antitrust regulator announced preemptively that Read more ›

U.S. office vacancy rate remains flat in third quarter – Reis

(Reuters) – U.S. office vacancy rate was unchanged at 16.6 percent in the third quarter, according to real estate research firm Reis Inc (REIS.O). FILE PHOTO: A worker repositions himself as he repairs a window at an office tower in Read more ›

UPDATE 1-Sudan’s central bank to print 100-pound banknotes for first time

(Adds background) KHARTOUM, Sept 30 (Reuters) – Sudan’s central bank will start printing 100 pound bank notes for the first time as it struggles to deal with a liquidity crisis and rampant inflation, state news agency SUNA said on Sunday. Read more ›

Harris Corp to build core processor for Lockheed’s F-35 jet

(Reuters) – Lockheed Martin Corp’s (LMT.N) aeronautics unit said on Thursday an important processor of its F-35 fighter jet will be built by Harris Corp (HRS.N), reducing the device’s cost by 75 percent. FILE PHOTO – Trade visitors are seen Read more ›

U.S. fintech Stripe valued at $20 billion in latest funding round

(Reuters) – U.S. payments firm Stripe said on Wednesday it has raised $245 million in a new round of funding, valuing the company at $20 billion. Stripe will use the funds to improve its key areas, including rapidly expanding its Read more ›

Carney warns of ‘no-deal’ Brexit house price crash – newspaper

LONDON (Reuters) – Britain’s property market would crash and mortgage rates spiral up in the event of a chaotic no-deal Brexit, with house prices falling 35 percent over three years, Bank of England Governor Mark Carney told ministers, The Times Read more ›