Credit Munch

Scots firms adapt to beat the recession

Diversification may be the key to survival as the economy goes into decline

E.ON snaps up farmland for nuclear power plant

The German energy group has bought land in Gloucestershire for a reactor that could generate power for a million people

British Land's portfolio falls in value

Company said that occupiers were favouring quality end of the market, which meant that its property portfolio was 97% let

SIG joins jobs cull by cutting 900 positions

Sheffield insulation group to axe 7% of workforce and shut 65 trading sites, with profits at bottom end of forecasts

US housing starts at worst level since 1959

Work on new homes in America during October fell to near 50-year lows while building permits plunged

British Land sees 11% knocked off portfolio

Property group expects to appoint a new chief executive, after Stephen Hester's move to RBS, by the new year

Wolseley plans 2,000 more British job losses

Building and plumbing materials supplier that has shed 12,500 jobs globally, says it cannot rule out further redundancies

Wolseley lays off 2,300 as UK job losses mount

The building materials supplier axes around 2,000 British jobs on top of 5,000 previously announced redundancies

Falling prices prompt slump in home sellers

Number of homeowners selling their properties has dropped by 43 per cent, as falling house prices deter potential sellers

Housebuilders face market implosion

The construction industry is calling on the government to act as it is hammered by the worst downturn since the 1920s

Darling seeks delay on Rock repayment

Chancellor believes lender’s dash for cash to pay off debts has helped destabilise the UK’s housing market

British Land assets crash

The FTSE 100 giant will report that the net value of its assets has declined by as much as a quarter in only six months

First-time buyers may lose race to investors

The size of deposit required means that as first-timers save up, buy-to-let investors will be snapping up the bargains

House price recovery 'could take ten years'

With prices tumbling at a rate of £78 a day, London agent Savills does not expect rebound to 2007 levels until at least 2018

It could be relatively cheaper to live in an hotel

By Christmas, a property priced at £1 million in January 2008, is set to be worth £180,000 less, or £493 a day