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26.02.26 - 01:42
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CK group agrees to sell UK electricity operator for US$14.2 billion (SCMP)
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A consortium comprising CK Infrastructure Holdings, CK Asset Holdings and Power Assets Holdings has agreed to sell all of its interest in UK Power Networks to French multinational electric utility Engie in a deal worth £10.5 billion (US$14.2 billion).
The disposal, under an agreement signed on Wednesday, will enable the group to monetise its investment at an attractive valuation, delivering a significant accounting gain and cash proceeds for future investments or acquisitions, the group of......
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25.02.26 - 18:51
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One In Five California Home Sales Canceled Due To Unaffordable Insurance (ZeroHedge)
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One In Five California Home Sales Canceled Due To Unaffordable Insurance
Authored by Mike Shedlock via MishTalk.com,
Ponder a $44,000 insurance bill. This does not count as inflation in the CPI.
Dysfunction in California's Insurance Market
The Wall Street Journal reports A $44,000 Bill Shows the Dysfunction in California's Home-Insurance Market
Glenn and Lorraine Crawford paid about $500 a month to insure their home in Agoura Hills northwest of Los Angeles when they bought it in 2012.
The Crawfords say they have little alternative but to pay the bill that arrived last month, which, at more than $44,000 a year, is almost as much as their mortgage bill. The only other insurer willing to cover their home, Lloyd's of London, quoted them $80,000 a year.
More than a year after infernos tore through Los Angeles County, millions of Californians like the Crawfords are suffering through a home-insurance crisis that has rolled on for years with eye-watering rate increases, canceled policies and rejec...
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25.02.26 - 07:30
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′Strong rebound′ for UK housing market with 6% more homes for sale than a year ago (The Guardian)
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Zoopla says it is on target for highest number of new listings on its site in any February in a decade Spring has come early to the UK housing market, with a surge in people listing their homes for sale as confidence returns to the sector, a report by the property website Zoopla found.The site said this month was on course to record the highest number of newly listed homes for sale in any February for a decade. Continue reading......
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25.02.26 - 05:36
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HSBC′s 2025 profit falls 7% but beats estimates despite property woes, Madoff lawsuits (SCMP)
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HSBC Holdings, the largest banking group in Europe and Hong Kong by assets, on Wednesday reported a 7 per cent decline in profit last year, as bad debt in commercial property and lawsuits related to the Bernard Madoff fraud case offset strong growth in its wealth business.
Pre-tax profit in 2025 dropped to US$29.9 billion from US$32.3 billion a year earlier, or US$1.21 per share, the lender said in a filing to the Hong Kong stock exchange. The result was higher than analysts' estimate of......
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24.02.26 - 14:12
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UK′s biggest student housing provider hit by fall in international enrolment (The Guardian)
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Unite Group cuts rents at some universities and raises cash by selling London site to joint venture for £186mBusiness live – latest updatesA drop in international students coming to the UK has hit the student housing provider Unite Group, which lowered its profit outlook for the third time in four months as weaker demand prompted it to cut rents in some cities.Shares in the FTSE 250-listed company – which says it is the UK's biggest student housing provider – fell almost 10% to the lowest level since early 2015. It said it would not build any more student housing, after the completion of its first build-to-rent project in Stratford with 719 beds, expected in June. Continue reading......
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