Cadillac Fairview pumps up cash flow

Article Abstract:

Cadillac Fairview Corp., a real estate firm with headquarters in Toronto, Ontario, posted C$51.7 million cash flow for the second quarter ending April 30, 1998, for a 42% gain from just $36.4 million for the same period in 1997. Cadillac's performance was caused by refinancing of expensive loans and internal and external growth. Cadillac executive vice-president and chief financial officer Jon Hagan noted that the company posted 22% in cash flow per share to show the continuity of the upward trend of over 25% per quarter in the past four quarters.

Comment:

Posts C$51.7 million cash flow for second quarter ending 4/30/98, for 42% gain from $36.4 million for same period in 1997

Canada, Sales, profits & dividends, Subdividers & Developers, Cadillac Fairview Corp., Article

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Barclays moving to Docklands

Article Abstract:

Barclays PLC has reached a deal to lease a new headquarters building in London, England's Docklands area. The one-million square-foot facility will be built by Canary Wharf Group PLC.

United Kingdom, Commercial Banks, Commercial Banking, Subdividers and developers, not elsewhere classified, Facilities & equipment, Office & Commercial Developers, Banking industry, Real estate developers, Contracts, London, England, Buildings and facilities, Barclays PLC, Commercial developers, Canary Wharf Group PLC

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