Mr Bolton wanted exposure to Cellnet – but he didn't buy shares in BT. "Mobile was obviously where the growth was," he said. But BT had a big landline business, which he didn't want to put money into, whereas Cellnet accounted for a much larger proportion of Securicor. So he bought Securicor shares instead. "I realised that at some stage BT would want full control and buy Securicor's stake," he said. He hung on until it launched a takeover bid in 1999. The value of Securicor's Read more [...]

Another one of Denton’s historic buildings is scheduled for demolition, possibly today. The 3,800-square-foot brick building at 210 and 212 N. Austin St. has needed a new roof for years and has other structural problems, according to its owner, Chris Landry.Most recently, the building was home to a furniture restorer but has been vacant since 2010. It was erected in 1910.Landry inherited the building along with a few historic homes on Oakland and Oak streets, and another home on Glenwood Lane Read more [...]

The $1 house that nobody wants to buy. Photo / TradeMeThe owners of a large Invercargill home on the market for just $1 are struggling to give it away. The house is listed on TradeMe and has been on the market for six weeks but a buyer with some spare loose change has yet to take the plunge. The biggest hurdle in selling the spacious three-bedroom home, with a classic rimu interior, is that it has to be moved to a new site. That could cost the buyer anywhere up to $50,000, according to relocation Read more [...]

ABERDEEN’s status as one of Scotland’s wealthiest regions has been gilded by a new study which shows sales of properties worth £1m or more have nearly doubled in the last five years, compared to a sharp drop across the country as a whole. Research by estate agents Savills reveals that the most expensive homes in the oil-rich north east are more sought after than ever before. Whereas just 44 properties with seven-figure price tags traded hands between 2003 and 2008 Read more [...]