Friday, November 13, 2009

A rare opportunity to aqcuire some Pwopertee news

Kenmore Property collapse leaves Lloyds with a £700m hangover

Lloyds Banking Group was chasing debts and investments of more than £700 million last night after the collapse of a property developer that it has been bankrolling.

Posted by tyrellcorporation @ 09:59 AM (1510 views)
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14 thoughts on “A rare opportunity to aqcuire some Pwopertee news

  • tyrellcorporation says:

    Ooops, ‘acquire’

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  • Is that you Gordon?

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  • tyrellcorporation says:

    LOL… I canna answer that.

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  • Well now I know it’s you as you never answer any questions (LOL)

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  • charlie brooker says:

    Is Gordon Brown the new Gordon Bennett?

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  • its the Times, not the Telegraph

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  • financial planner says:

    And so it begins – the commercial proeprty armageddon.

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  • Financial Planner? You’re back! Superb!

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  • fp – “And so it begins – the commercial proeprty armageddon”

    Hasn’t the commercial sector, having droped 45%, already collapsed?

    Or do you think it will tank from here?

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  • welcome back fp. Glad you ignored the dumass comments that annoyed you in the first place.

    I think you’re back in the nick of time!

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  • who stole my pension? says:

    Is this what the Lloyds chaiman meant when he said he wanted to shrink the banks loan book?

    I suspect Lloyds don’t care anyway – they will just ask the tax payer for another 750million quid!

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  • Perhaps I need to change my financial adviser, as only yesterday, he suggested that investing in commercial property could be a good hedge against inflation.

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  • fallingbuzzard says:

    It never ceases to amaze me that people or IFAs believe that property is an inflation hedge, i know where they get this from, history but i wonder why they think that history predicts the future. an inflation linked bond is an inflation hedge. a salary and lending linked investment isn’t but you can touch it, and touching is a price worth paying in many people’s minds. more fool them.

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