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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 ...

Rodamco Europe divestments strengthen focus on high quality retail properties

Rodamco Europe announces it has realized a number of changes in its Spanish portfolio and pipeline in order to align the portfolio with its strategic focus on top quality retail properties. This week ...

Second half 2003 shows effect of cost-reduction measures at Grontmij

Net operating profit in first half year down 70% Limited growth in turnover from consultancy and engineering services; recovery of turnkey turnover Measures taken to improve results: cost-reduction ...

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    NEINVER posts €1.72bn in brand sales as outlet centres defy retail headwinds
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