UPDATE 2-Activist funds scupper Singapore firm’s merger in rare victory

(Recasts, adds comment from activist funds)

SINGAPORE, Dec 4 (Reuters) – Investors in a Singapore real estate investment trust (REIT) voted down a merger with a larger rival on Friday, in a rare win for shareholder activism in the city-state dominated by retail investors.

Sabana REIT, which was under pressure from Quarz Capital and Black Crane Capital over a planned merger with ESR-REIT, said shareholders rejected a proposal to amend its trust deed, thus, terminating the merger.

The activists had said the deal between Sabana REIT and ESR-REIT, whose managers are both owned by a unit of Asian logistics giant ESR Cayman Ltd, had undervalued Sabana REIT.

“This is the first time in the 18-year history of Singapore Exchange’s REIT market that a proposed merger has been voted down,” Quarz Capital and Black Crane said in a statement.

Sabana REIT said 66.7% of its shareholders had backed the proposal to

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UPDATE 1-Stock Spirits earnings rise on higher consumption at homes

(Adds details, background, CEO comment)

Dec 2 (Reuters) – Vodka maker Stock Spirits posted a higher annual core profit and proposed a special dividend on Wednesday as people staying at home due to the COVID-19 pandemic drove demand, supported by staycations-driven consumption boost during the summer.

The maker of 1906, Stock Prestige and Vodka No.1 said adjusted earnings before interest taxes depreciation and amortization rose to 71 million euros ($85.78 million) for the year ended Sept. 30 from 67 million euros a year earlier.

Stock Spirits saw strong volume growth in both Poland and the Czech Republic, which account for three-quarters of the company’s revenue, as people stocked up alcohol during lockdowns.

However, sales of alcoholic beverages to bars and restaurants have been hit due to virus curbs, with the world’s largest spirits makers Diageo and Pernod Ricard warning of a sales hit a few months back.

Stock Spirits proposed

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UPDATE 3-Evergrande Property eases on HK debut as debt, competition worries weigh

(Updates share prices)

HONG KONG, Dec 2 (Reuters) – Shares of Evergrande Property Services fell marginally on their Hong Kong debut on Wednesday, shedding initial gains as the spinoff of China’s second-largest property developer struggled to shake off worries about debt and competition.

Concerns about the financial health of its parent, China Evergrande Group, have clouded Hong Kong’s third-largest listing of the year, with China’s most indebted developer planning to use half the $1.8 billion raised for its own debt repayment.

The stock opened at HK$8.84 per share, a 0.45% premium to the HK$8.80 initial public offer price, but closed 0.2% lower at HK$8.78. It fell as much as 3% during the session.

Shares of China Evergrande fell 2.5%, while the Hong Kong market was down 1%.

“There are simply too many property management companies already listed,” said Dickie Wong, executive director at Kingston Securities. “(The) mother company’s net gearing

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UPDATE 1-UK house prices jump by most in nearly 6 years-Nationwide

(Adds details and background)

LONDON, Dec 1 (Reuters) – British house prices rose by the most in nearly six years in November, mortgage lender Nationwide said on Tuesday, as a boom in the housing market accelerates while the broader economy struggles with coronavirus.

In annual terms, prices rose by 6.5%, Nationwide said.

Prices rose by 0.9% from October, a slight acceleration in the monthly growth pace.

A Reuters poll of economists had pointed to a slowdown in the pace of increases.

Britain’s housing market has bounced back strongly from the COVID-19 shock in recent months, propelled by demand for bigger properties from people who were locked down at home in the spring and finance minister Rishi Sunak’s emergency tax cut for buyers that is due to expire in March.

Bank of England data on Monday showed mortgage approvals were at their highest in more than 13 years.

The strength in

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JLL Residential Real Estate Market Quarterly Update 2020

#RealEstate #JLL #India #Housing

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UPDATE 1-Swedish watchdog finds serious failures in COVID care at nursing homes

* One fifth of nursing home patients not assessed by doctor

* Some patients put on end-of-life treatment without positive test

* Problems systemic and evident in all Sweden’s 21 regions

* Prime minister says findings ‘very serious’ (Adds detail, background, reaction)

STOCKHOLM, Nov 24 (Reuters) – Sweden’s health watchdog said on Tuesday it had uncovered “serious shortcomings” in COVID-19 care for residents of nursing homes where thousands have died, turning the spotlight on the country’s light-touch pandemic strategy.

Nursing homes were ravaged by the initial wave of the coronavirus, prompting Prime Minister Stefan Lofven’s sombre admission in May that the country failed to protect its elderly.

Known for its rejection of lockdowns and masks, Sweden has suffered many times more COVID-19 deaths per capita than its neighbours – though fewer than countries such as Spain – a failure authorities have in part blamed on inadequate controls and care at

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Florida man who saved his puppy from alligator’s jaws shares update on dog’s recovery

ESTERO, Fla. — The day they met, Richard Wilbanks and Gunner were inseparable.

Meet Gunner, the 3-month-old puppy saved from an alligator by his owner

UP NEXT

UP NEXT

Gunner, a Cavalier King Charles spaniel, snuggled up right next to Richard that first meeting at the breeder’s place in Miami, and that was all the two needed.

Richard took Gunner home to his wife, Louise, in Estero and the now-famous duo are always side by side whether it’s on the couch or out on the lanai that overlooks a wild nature preserve.

The companionship was put to the ultimate test one Sunday morning in late October as Richard and Gunner went out for a walk by the pond just next to the Wilbanks’ home.

The pair were walking along the shoreline where, unseen to either Richard or Gunner, an alligator was on alert.

In an instant, the almost 4-foot

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5 Smart Tips on Shopping Online for Black Friday 2020: An Update from Fraser Financial Partners, A Maryland-based Certified Financial Advisor – Press Release

Coronavirus pandemic has changed the way people spend their money. Fraser Financial Partners gives their advice to be safe and responsible for spending money when shopping on Black Friday Sale.

Baltimore, Maryland – COVID 19 pandemic has been over nine months since it was discovered. Since the coronavirus outbreak, people tend to spend their activity at home more often than before. It has also changed their shopping habit forever. Based on the survey on several countries, such as United States, Brazil, China, Germany, South Africa, Switzerland, Turkey, Italy, and the Russian Federation, more than half of the respondents are shopping online more often and rely on the internet the latest news updates.

They spend more on Information and Communication Technology or Electronic Products, Gardening/DIY products, Education, Pharmaceuticals, Furniture or Household products, and Cosmetics/personal care categories.

  • Prepare a buying list. During this challenging situation, it’s best to buy stuff online, but
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5 ways to update your home for less

Replace out of date fixtures

Give your bathroom a contemporary feel by removing brass fixtures and exchanging them for brushed nickel and oil-rubbed bronze ones, which cost between $100 and $300 and are popular for do-it-yourself remodels, HGTV reported.

“For something you touch several times a day, why not pick a finish for your faucet that will make you feel good? People will notice if you put in an unimpressive faucet,” Peter LaBau, a Charlottesville, Virginia.-based architect told the network’s website.

Explore$5 million estate hits market in Buckhead

Install dimmer switches

There are several benefits to using dimmer switches for your lights instead of standard ones. Doityourself reported homeowners can save up to $30 a year and dimming light can save up to 98% in energy. The Spruce offers a variety of options for $35 or less.

Paint the front door

Giving your front door a fresh coat of

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UPDATE 2-China Oct new home prices cools, property investment accelerates

* Oct new home prices up 0.2% m/m vs 0.4% uptick in Sept

* Oct new home prices up 4.3% y/y vs 4.6% growth in Sept

* 45 out of 70 cities reported higher prices, vs 55 in Sept

* Oct property investment +12.7% y/y vs +12% y/y in Sept (Adds property investment data, analysts quotes)

BEIJING, Nov 16 (Reuters) – Chinese new home prices grew at a slower monthly pace in October, data showed on Monday, as many developers moved to cut prices to promote sales amid tighter government scrutiny on borrowing.

Average new home prices in 70 major cities rose 0.2% in October from a month earlier, the slowest monthly growth rate since March and down from September’s 0.4% growth, according to Reuters calculations based on data released by the National Bureau of Statistics (NBS).

Compared with the same month a year earlier, home prices rose 4.3% in

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