LONDON-Canary Wharf shares plummeted 22% yesterday after the company reported sliding profits and net asset value. Investors are also concerned about growing vacancy rates at the Docklands estate.

LONDON-Wal-Mart's UK supermarket chain Asda is looking to open 300 smaller stores of less than 30,000 sf in a bid to challenge the dominance of Tesco in the UK food sector.

LONDON-Manchester United, one of the UK's top football clubs, has sold a 25% stake in a hotel sited behind the club's headquarters at Old Trafford.

LONDON-Quoted property company Canary Wharf is expected to expected to submit plans later this week for twin towers at two sites in Docklands.

LONDON-House price inflation rose at more than twice the rate of those in Spain and Denmark, the two European countries with the next highest house price inflation.

LONDON-Three UK institutions have joined a pounds 1.8 billion ($3 billion) US class legal action against telecommunications giant Cable and Wireless over the company's failure to disclose lease commitments.

LONDON-Leeds City Council has approved plans by Universities Superannuation Scheme for a pounds 150 million ($240 million) retail scheme in Leeds, West Yorkshire. The project will create 300,000 sf of new retail space.

LONDON-The powerful Commons Treasury Select Committee has slammed the pounds 2 billion ($3.2 billion) deal between Inland Revenue