Wednesday, May 13, 2009
Property Losses - Counting the cost
SKY: Largest UK Property Firm Posts Record Loss
The UK's largest property company, Land Securities, posted a record loss last year, as its shopping centres and offices slumped in value. The FTSE 100 company reported a loss after tax of £5.19bn
Posted by alan @ 04:22 PM (452 views) Add Comment
4 Comments
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1. little professor said...
Ouch!
2. crunchy said...
Green shoots sure do grow funny!
3. crunchy said...
Or was it green roots?
4. debtfree said...
see also, that BT has a £11 billion pension deficit. 50% more than its market value.
"BT is a badly-run hedge fund which just happens to own a phone network," independent pensions consultant John Ralfe said in an analysis of the telecoms company's retirement fund.
oh dear oh dear, it's only just begun.... who's next ?