Business news for Mon, 24 Dec 2007 & with word property. 18 news.

SAN FRANCISCO - Shopping malls can't stop protesters from calling for boycotts of its stores, even when they're on mall property, the California Supreme Court ruled today.

UK Coal Plc, Britain's largest supplier of the fuel, advanced the most in more than seven years in London trading after it received an approach for its mining and power generation assets. Austria's Meinl International Power Ltd asked for a meeting with UK Coal or its advisers next year, the Sunday Times said, citing a letter Meinl sent to the mining company. Discussions aren't expected, Doncaster, England-based UK Coal said yesterday in a statement distributed by the Regulatory News Service, according to Bloomberg News. It didn't identify who made the approach. The shares jumped as much as 23 percent. "There's a lot of value to be had from the mining business and I'm not certain an offer would reflect that potential," Charles Kernot, an analyst at Seymour Pierce in London, said in an interview. "UK Coal has looked into splitting the property and mining businesses and concluded that it's not in the best interests of shareholders." Coal prices have risen to

THE prospects of rising profit for China Pacific Insurance (Group) Co have created a buzz among stock analysts who forecast that the insurer's stock is likely to jump about 50 percent on its A share debut today in Shanghai. Everbright Securities Co expects shares of Pacific Insurance to be between 42.60 yuan (US$5.81) and 44.30 yuan apiece, up from its offering price of 30 yuan. Guotai Jun'an Securities has a higher valuation of 43.80 yuan to 46.80 yuan while Haitong Securities sees a range of 40.64 yuan to 45.22 yuan. Pacific Insurance raised 30 billion yuan in its Shanghai initial public offering last week, making it the sixth-biggest IPO on the Chinese mainland. The Shanghai-based insurer sold one billion yuan-backed new shares, or 13 percent of its enlarged capital, at the top end of its offering price range of 27 yuan to 30 yuan. "Pacific is the sole comprehensive insurer whose business is balanced between life and property and casualty insurance," said Pan

UK house prices fell the most in three years in December and the threat of more declines may cause the property market to seize up in 2008, Hometrack Ltd said. The average cost of a home in England and Wales slipped for a third month, dropping 0.3 percent to 175,200 pounds ($347,877), the London-based research group said yesterday. The number of property transactions will fall 17 percent and prices will rise just one percent next year, Hometrack forecast. Bank of England policy makers said this month that a drop in house prices seemed "more pronounced" than expected as they cut their benchmark interest rate for the first time in two years. Record debt, higher mortgage costs and the property market's worst performance since 1995 have discouraged homebuyers. "The second half of the year has seen a major reversal in confidence," Richard Donnell, director of research at Hometrack, said in a statement. "Just as the financial markets have faced a liquidity

RAPID urbanization as well as robust demand for homes will continue to boost the country's real estate industry in 2008, industry analysts said. Wei Bo, a property analyst with Central China Securities Company, sees three main factors as being responsible for the strong demand. "New demand from the country's urbanization progress, growing requirement for larger and better homes among the Chinese, as well as rising investments caused by the appreciation of the Chinese currency and the existing negative interest rates, will probably help the real estate industry's fortune for another year," Wei said. "We expect the industry to maintain its high pace of development and give it a 'better than broad market' rating." China is seeing probably one of the largest urbanization in the world. According to an earlier forecast by the United Nations, between 16 million and 22 million people will migrate from rural places to urban areas in the country each year from now

Dramatic rise in property taxes hot topic in many states

Pundits are predicting that 2008 will be the year when the party ends for property. This is Money rounds up the experts' forecasts and investigates whether your home will sell in 2008

It has been a rocky year but what performed better when the market was in turmoil - shares, property or gold? Alan O'Sullivan investigates

IRISH property investment firm Ailesbury has completed a ?10 million deal with the purchase of a marina in Cape Cod, Massachusetts.

Asian stocks started the week on an upbeat note with Australia’s S&P/ASX 200 tilting higher in a shortened pre-Christmas session as investors bought resource shares after metals prices firmed Friday. In South Korean shares also were higher, led by gains for Daewoo Shipbuilding & Marine Engineering.

Asian shares ended broadly higher in pre-Christmas trading, as property stocks gave Hong Kong's benchmark index a lift, while miners led gains in Australia. Japanese markets were closed for a holiday.

Paul Jeeves meets the self-made, no-nonsense entrepreneur who can boast of owning a medieval tower

MARTINSVILLE, Va. -- The Henry County (Va.) Industrial Development Authority has purchased a 621-acre piece of property on the North Carolina/Virginia state line for an industrial and business park that aims to take advantage of positive economic development momentum in the Triad.

Big-box and national retailers that stood to receive millions in property and sales tax rebates to expand here may not be the only ones stymied by Austin's recent decision to disallow the giving of economic incentives to developers of retail projects. (SPG)

Selling a house is taking longer than at any time in the last six years, adding to the growing evidence of a housing slowdown, says a survey of estate agents

Grandparents, flush with cash earned in the property boom, are helping with their grandchildren's school fees that have risen sharply amid the rise in teachers' pay

The slide in house prices is gathering pace, a survey suggests today, amid signs that housebuilders are digging in for a prolonged residential property freeze. Tulloch Homes, a medium-sized Scottish housebuilder, pulled plans yesterday for a £200 million flotation, and Taylor Wimpey is understood to have ordered a halt to any new land acquisitions.