Telegraph construction
The latest news, analysis and share prices on Britain's biggest construction and property companies, including Land Securities, British Land and Taylor Wimpey.
Updated: 1 hour 2 min ago
David Webster to exit from hotel giant InterContinental
David Webster is to stand down as the chairman of InterContinental Hotels Group after eight years.
Categories: Construction
Pears' brothers see profits rise 1,000pc
The three brothers behind the secretive Pears family's £6bn property empire shared pay and dividends of £9m last year as their main holding company saw profits increase ten-fold.
Categories: Construction
Sale and rent back market shut down after regulator's review
The Financial Services Authority has effectively shut down the "sale and rent back" market after it found deals being offered were "unaffordable or unsuitable and never should have been sold".
Categories: Construction
Stobart property sale opposed by shareholder body PIRC
Influential shareholder group PIRC has urged investors not to back a controversial £100m property transaction planned by transport group Stobart.
Categories: Construction
Credit Suisse's Canary Wharf HQ sold to Qatar Investment Authority
Qatar's sovereign wealth fund has agreed to buy Credit Suisse's Canary Wharf headquarters as it expands further into London commercial property.
Categories: Construction
Cost of moving house rises 69pc in ten years
The cost of moving house has risen at a faster rate than house prices over the past decade.
Categories: Construction
Capital Shopping Centres deal sparks backlash
Capital Shopping Centre's agreement to buy land from its biggest shareholder Peel Group is "confusing", according to City analysts.
Categories: Construction
Pre-pack administration overhaul dropped
The Government has dropped proposals to overhaul controversial pre-pack administrations, claiming it is "not convinced" of the benefits of new rules.
Categories: Construction
Olympic clean-up for the Capital
Word on the street. Westminster Council is planning to splash £9m on London's West End ahead of the 2012 Olympics.
Categories: Construction
Capital Shopping Centres deal with shareholder could cost it more than £100m
Capital Shopping Centres has agreed to buy land from its largest shareholder in deals that could eventually cost the company more than £100m.
Categories: Construction
New Land Securities boss to step up pace as Francis Salway departs
The new chief executive of Land Securities says he wants to inject "more pace through the business" after being named as the replacement for Francis Salway.
Categories: Construction
Francis Salway leaves a clear legacy at Land Securities
One New Change in the City, Cabot Circus in Bristol, and the biggest development on Oxford Street for a generation - not many chief executives leave a visible legacy of their time in charge, but Francis Salway has.
Categories: Construction
Land Securities chief executive Salway stands down
Francis Salway is to step down as chief executive of Land Securities, Britain's largest commercial property company.
Categories: Construction
UK mortgage market faces tough 2012, CML says
Mortgage lending increased for the fifth month running in December but the housing market faces a weak first half of 2012 as demand from buyers wanes and lenders raise rates, a leading trade body has warned.
Categories: Construction
Canary Wharf pays £90m for adjacent site to expand by a third
Canary Wharf is poised for a new phase of growth after the developer behind the commercial estate acquired an adjacent 17-acre site.
Categories: Construction
Stobart seals controversial property purchase from directors
Transport group Stobart has completed a controversial £101m property deal with directors Andrew Tinkler and William Stobart.
Categories: Construction
Taylor Wimpey continues upbeat trend for housebuilders
Housebuilder Taylor Wimpey expects a 75pc leap in annual profits, after it hit its target of achieving double-digit margins last year.
Categories: Construction
Taylor Wimpey profits up as home sales rise
The UK's second largest homebuilder claims it has likely reached its target of double-digit operating profit ahead of schedule after a rise in home completions during the last 12 months.
Categories: Construction
Questor share tip: Bovis provides opportunity to plot for the long term
Yesterday, Bovis Homes became the latest house builder to issue an upbeat trading statement. Questor says buy.
Categories: Construction
Questor share tip: Balfour Beatty is well placed globally
Shares in infrastructure group Balfour Beatty have underperformed for some time. Yet the company continues to win new orders, has a solid lead and will benefit from infrastructure spending in the UK and abroad over the next few years.
Categories: Construction
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more