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Entries for July 2011

Pears family comes out of the property shadows
William Pears Group is one of Britain's biggest property companies, but few have heard of it. And for good reason. In spite of controlling a £6bn property empire centred on London and the South East, Pears has managed to keep itself under the radar for the best part of the last 6...

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UK's most expensive street
A new league table of Britain's most expensive streets has shown that a home in the most desirable road now costs nearly £20m. A single square foot of land in the London borough of Kensington now costs £1,193, figures show. A home in the borough costs an average £1,735,484...

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House prices fall at fastest rate for 19 months in May
House prices fell at their fastest annual rate for 19 months during May as buyers continued to stay away from the market, figures showed today. It was the biggest annual drop recorded since October 2009 and left the average home costing £160,519.

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London's rich sell up and move as oversease money pours in
Britain's rich and famous are moving out of central London's most up-market districts and being replaced by wealthy overseas buyers. The most prevalent overseas buyers in London have been from Western Europe, with 11pc of the market by value.

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Mother sues daughter for £3m house 'to protect her from husband'
A property millionairess is suing her daughter for her £3million home because she fears her new son-in-law will attempt to take control of the property. The property was registered solely in Beverley Lindsay’s name, but her mother claimed her payment, which represented 93% ...

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Other News

London Transport and Virgin Media have named first 80 busiest and major underground stations in London which are all set to receive Wi-Fi services for the Olympics season. Destinations including London Bridge, Oxford Circus, Leicester Square, Mile End, Tower Hill, Tufnell Park, Goodge Street, King’s Cross, Oval, Borough and Victoria are on the list to turn into accessible Wi-Fi hotspots.

The UK economy shrank for the last three months of 2011 - BCC predicts that growth will be flat this year , with one quarter of contraction, but says a full-blown recession is not inevitable if the government acts. It showed that in October, the service sector contracted by (a revised) 0.6%, while in November it grew by 0.6%.

Peacocks chief executive expected to lodge rescue offer for stricken fashion chain, while Past Times is closing 46 stores with the loss of 574 jobs. Peacock employs more than 400 at its Cardiff HQ and nearly 10,000 more across the UK.

Halifax index also shows a 0.9% decline in December 2011 and predicts a broadly stable 2012 … providing the UK can avoid the recession. The price of the average house in the UK is now just over £160,000, said the bank, thanks to a 0.9% fall in prices in December 2011 and a 1.3% drop over the whole of the year.

Europe’s worst financial crisis in generations is forging a new European Union, pushing Britain to the sidelines and creating a more integrated, fiscally disciplined core of nations under the auspices of a resurgent Germany.


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