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ING Group reports on first six months 2003

Results pick up supported by stock market recovery and tight cost control: Operating net profit EUR 2,068 million, +6.4% above first six months 2002, per share EUR 1.04 (+4.0%) Banking operating net p ...

CBRE Q2 2003 research shows economy delays real estate market recovery

The continued failure of countries in the EMEA region to show any sign of a sustained economic recovery is delaying recovery of the officemarkets. Especially in Europe, companies are putting off decis ...

UBS cautious after robust second quarter

UBS, Europe´s third-biggest bank, on Wednesday warned that revenues could 'dip' over the remainder of the year after reporting a robust 23 per cent rise in second-quarter profits. Strong perfor ...

Merrill Lynch lures back former executive

Stan O´Neal, Merrill Lynch chairman and chief executive, made another move to overhaul his management team on Tuesday, turning to a figure from Merrill´s past to strengthen his ranks fol ...

Bank of Ireland may sell off £120m UK property portfolio

Bank of Ireland is considering the possibility of outsourcing its entire £120m UK property portfolio, after failing to acquire Abbey National last year. It has appointed property services firm, ...

Westfield Trust increases distribution growth forecast to 4.5% for full year

Westfield Trust today increased its distribution growth forecasts for the full years ended 31 December 2003 and 2004, to 4.5% in 2003 and 4.0% for 2004. This increase in distribution growth is primari ...

WestLB looks to dispose of principal finance unit

The German bank, WestLB, has admitted publicly for the first time that it is considering selling its principal finance unit, the division led by Robin Saunders that has a number of significant propert ...

DB Real Estate buys Alpha Centauri in Diemen

The German investor DB Real Estate Spezial Invest has bought the recently delivered office building Alpha Centauri in Diemen (the Netherlands), on behalf of a special fund managed by them. Bouwfonds P ...

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