Wednesday, May 13, 2009

Property Losses – Counting the cost

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 (790 views)
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4 thoughts on “Property Losses – Counting the cost

  • little professor says:

    Ouch!

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  • Green shoots sure do grow funny!

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  • Or was it green roots?

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  • 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 ?

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