LONDON-Hotels group InterContinental has issued a profits warning saying second results would be "substantially" worse than last year. The news comes only a week after it successfully demerged from Six Continents.

LONDON-The second major proposal in the last six months for Belfast city centre has been unveiled. Brunswick has submitted plans for a 250,000-sf mixed scheme on the eastern side of Royal Avenue.

LONDON-Factory outlet developer Freeport is facing a possible bid for the company that could value it pounds 134.8 million ($212.5 million).

LONDON-Royal London Asset Management is planning a new 689-ft tower at London Bridge Station, SE1, close to Irvine Sellar's proposed 1,000-ft London Bridge Tower.

LONDON-Capital & Regional (C&R) is to invest up to pounds 150 million ($236 million) in expanding its leisure division over the next three years.

LONDON-Somerfield, Britain's sixth-largest supermarket chain, has received a takeover approach from an undisclosed potential bidder, the company announced today.

LONDON-London Mayor Ken Livingstone has said he will veto plans to redevelopment the Dome site in Greenwich unless the developers include more affordable housing.

LONDON-The long-awaited pounds 500m ($785 million) regeneration of Bracknell town centre has cleared the final hurdle after Legal & General and Bracknell Regeneration Trust agreed terms.