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Total: 72 percent second quarter net profit leapPARIS (AFP) - French oil giant Total said Friday its second quarter net profit jumped 72 percent to 2.96 billion euros (3.86 billion dollars), benefitting from higher oil prices.BA says quarterly loss rises to 122 million poundsLONDON, United Kingdom (AFP) - British Airways reported on Friday a net loss of 122 million pounds (146 million euros, 191 million dollars) in the three months to June, up 15 percent from a year earlier.S & P raises Ukraine ratings after IMF dealKIEV (AFP) - Standard and Poor's on Friday said it was raising its assessment of Ukraine's sovereign debt after the IMF agreed a 15 billion dollar package to help its economy emerge from the economic crisis.HK tycoon's consortium to buy British electricity providerHONG KONG (AFP) - A consortium led by Hong Kong's richest man Li Ka-shing has won a bid to buy the British arm of French electricity provider EDF for more than nine billion dollars, Dow Jones Newswires reported Friday.US lawmakers urge probe of China Ansteel's dealBEIJING (AFP) - A group of US legislators has urged President Barack Obama to investigate a plan by a top Chinese steelmaker to invest in an American firm, saying Washington failed to heed an earlier call.Japan's unemployment rises, output fallsTOKYO (AFP) - Japan's unemployment rate ticked higher while production of automobiles and electronic gadgets saw a surprise slip in June, data showed Friday, in signs that an export-driven recovery may be stalling.Samsung Electronics sees massive operating profitSEOUL (AFP) - South Korea's Samsung Electronics Friday reported a record second-quarter operating profit of 5.01 trillion won (4.2 billion dollars), an 88 percent rise on the same period last year.China allows release of critical IMF reportWASHINGTON (AFP) - China allowed an IMF report critical of its currency policy to be released Thursday for the first time in four years, signaling Beijing's confidence that it can control the debate on the yuan.Metro Bank arrives on British high streetLONDON (AFP) - Metro Bank, Britain's first new high street lender for over 100 years, opened its first branch on Thursday in a move aimed at shaking up the sector but ran into immediate criticism over its products.Citigroup settles charges over misleading investorsWASHINGTON (AFP) - US bank Citigroup agreed Thursday to pay a 75-million-dollar fine to settle charges it misled investors about exposure to subprime mortgage-related assets, the Securities and Exchange Commission said.Approving budget cuts, Italy quietly raises retirement ageMILAN (AFP) - As pension reforms spark outrage across Europe, the Italian government has quietly raised the retirement age by more than three years as part of an austerity plan passed into law Thursday by parliament.US Fed official warns of 'Japanese-style' deflationWASHINGTON (AFP) - The United States risks & quot;Japanese-style & quot; economic stagnation like that seen in the Asian giant's & quot;lost decade, & quot; top Federal Reserve official James Bullard warned in a gloomy paper published Thursday.Stronger sales, weaker euro good news for VWFRANKFURT (AFP) - Volkswagen, Europe's biggest automaker, benefited from strong sales and favourable exchange rates as it posted Thursday a second quarter profit more than four times the previous year's figure.Euro soars past 1.31 dollars on eurozone dataLONDON (AFP) - The euro soared past the 1.Online betting firm bwin plans Partygaming mergerVIENNA (AFP) - Austrian online betting company bwin announced Thursday it had signed a merger agreement with British rival PartyGaming.
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online finance magazines Article
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Property-development-finance--what-is-it-for-
By SeanH-9584
Property development is usually provided with different conditions from those that accompany standard mortgages. Just what the conditions will be, partly depends on what you want the property development for.
There are all sorts of projects that might attract property development finance. They range from small individual projects to huge corporate ones.
•Residential development. An individual might be looking for property development for a private project.
oYou could have bought an old house and want to refurbish it, or want to build an extension on your current home.
oYou may be planning a conversion – perhaps converting an old barn into a residential property.
oPerhaps you have purchased a piece of land and have planning permission for a self-build project for a home for yourself and your family.
•Commercial development. On a bigger scale could be required for a development for profit rather than just for residential purposes.
oYou or your company may have acquired or inherited a piece of land with planning permission for a larger development of a number of residential properties.
oYou may be a developer who is actually in business to acquire land for new build purposes.
oFinance may be required for commercial properties – from renovation of high street retail units or restaurants, up to the developing of a whole new shopping mall.
oAlternatively, may be required for the conversion of a former large residential property into a hotel.
•Property trading. Property development can be applied for buying a property and doing it up specifically for resale. Specific types of
security may be required for this sort of transaction – for example, securing against another property owned by the applicant.
•Planning gain finance. People sometimes apply for funding to to buy sites that are potentially lucrative, but on which planning permission has not yet been obtained. The prospective purchaser might be looking to develop on the site, or possibly just to re-sell the site at a quick profit after planning permission is obtained. Obviously this is speculative and both parties are taking a gamble. The rates on the loan will reflect the level of risk – i.e. how likely it is that planning permission will be obtained.
These are just some of the purposes for which property development might be required. They can range from a modest idea by a private individual, to a multi-million project for a large company. Whatever the size of your project, there will be a property development lender who will consider it – ask a broker who will help you find the right one. Article Source: http://www.upublish.info About the Author:
SeanH-9584
Sean Horton is a Director of Enhanced Wealth Limited who offer a specialist service for property development finance Ready to copy Article in either text or html format:
We strive to provide only quality articles,
so if there is a specific topic related to finance that you
would like us to cover, please contact us at any time.
And again, thank you to those contributing
daily to our online finance magazines website.
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Total: 72 percent second quarter net profit leap
PARIS (AFP) - French oil giant Total said Friday its second quarter net profit jumped 72 percent to 2.96 billion euros (3.86 billion dollars), benefitting from higher oil prices.
BA says quarterly loss rises to 122 million pounds
LONDON, United Kingdom (AFP) - British Airways reported on Friday a net loss of 122 million pounds (146 million euros, 191 million dollars) in the three months to June, up 15 percent from a year earlier.
S & P raises Ukraine ratings after IMF deal
KIEV (AFP) - Standard and Poor's on Friday said it was raising its assessment of Ukraine's sovereign debt after the IMF agreed a 15 billion dollar package to help its economy emerge from the economic crisis.
HK tycoon's consortium to buy British electricity provider
HONG KONG (AFP) - A consortium led by Hong Kong's richest man Li Ka-shing has won a bid to buy the British arm of French electricity provider EDF for more than nine billion dollars, Dow Jones Newswires reported Friday.
US lawmakers urge probe of China Ansteel's deal
BEIJING (AFP) - A group of US legislators has urged President Barack Obama to investigate a plan by a top Chinese steelmaker to invest in an American firm, saying Washington failed to heed an earlier call.
Japan's unemployment rises, output falls
TOKYO (AFP) - Japan's unemployment rate ticked higher while production of automobiles and electronic gadgets saw a surprise slip in June, data showed Friday, in signs that an export-driven recovery may be stalling.
Samsung Electronics sees massive operating profit
SEOUL (AFP) - South Korea's Samsung Electronics Friday reported a record second-quarter operating profit of 5.01 trillion won (4.2 billion dollars), an 88 percent rise on the same period last year.
China allows release of critical IMF report
WASHINGTON (AFP) - China allowed an IMF report critical of its currency policy to be released Thursday for the first time in four years, signaling Beijing's confidence that it can control the debate on the yuan.
Metro Bank arrives on British high street
LONDON (AFP) - Metro Bank, Britain's first new high street lender for over 100 years, opened its first branch on Thursday in a move aimed at shaking up the sector but ran into immediate criticism over its products.
Citigroup settles charges over misleading investors
WASHINGTON (AFP) - US bank Citigroup agreed Thursday to pay a 75-million-dollar fine to settle charges it misled investors about exposure to subprime mortgage-related assets, the Securities and Exchange Commission said.
Approving budget cuts, Italy quietly raises retirement age
MILAN (AFP) - As pension reforms spark outrage across Europe, the Italian government has quietly raised the retirement age by more than three years as part of an austerity plan passed into law Thursday by parliament.
US Fed official warns of 'Japanese-style' deflation
WASHINGTON (AFP) - The United States risks & quot;Japanese-style & quot; economic stagnation like that seen in the Asian giant's & quot;lost decade, & quot; top Federal Reserve official James Bullard warned in a gloomy paper published Thursday.
Stronger sales, weaker euro good news for VW
FRANKFURT (AFP) - Volkswagen, Europe's biggest automaker, benefited from strong sales and favourable exchange rates as it posted Thursday a second quarter profit more than four times the previous year's figure.
Euro soars past 1.31 dollars on eurozone data
LONDON (AFP) - The euro soared past the 1.
Online betting firm bwin plans Partygaming merger
VIENNA (AFP) - Austrian online betting company bwin announced Thursday it had signed a merger agreement with British rival PartyGaming.
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