Commodities and financials put pressure on FTSE 100, Hammerson rebounds after downgrade (Caribbean villa rentals)
The Footsie was little changed by the end of the day, slipping by over 20 points, with a strong rise from financials being largely cancelled out by a weak performance from commodity focused stocks.
State-owned ‘Land Kings’ heat up mainland realty mart
Land sales have enriched State coffers substantially. [CFP] China’s State-owned property developers have been blamed for the soaring property prices in Beijing and Shanghai, after they bought land in these cities at record high prices.