Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

vital statistics

  • Comment

Developer Trevor Osborne has paid former joint venture partner Pell Frischmann £3.1 million and issued a public apology, following a lawsuit alleging he had diverted investment opportunities from the joint venture to his own company. Osborne's former company, Speyhawk, collapsed with debts of more than £350 million in 1993. He has now given up his 50 per cent stake in the joint venture, Hawk.

The City of London Corporation is planning to charge drivers of non- essential vehicles £3 per day to enter the Square Mile. More than 90 per cent of City workers commute using public transport. A total of 250,000 vehicles enter the City each day.

German roofing company Kock Hightex has issued another writ over the cancellation of its contract to roof the Millennium dome. This second writ brings its total claim against New Millennium Experience to £4.4 million.

Growth in construction output, expected to reach 3.3 per cent this year, will slow to 1 per cent during 1999, according to Construction Forecasting & Research. Any improvement in 2000 will be marginal, it says.

The housing market is showing clear signs of slowing down, says Halifax, the uk's biggest mortgage lender. This year's house-prices rise of about 5 per cent will slow to 4 next year, it says.

The government is to write off £62 million of debt built up in relation to construction of the ill-fated Humber Bridge.

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.