German angst is growing as an entry on the Bundesbank’s balance sheet swells to a sum worth about 20 percent of economic output, a sign of the extent to which Europe’s largest economy is funding the region’s laggards.
Capital Shopping Centres Group Plc , the largest U.K. mall owner, is in talks with closely held Peel Group to buy the Trafford Centre near Manchester in northwest England for about 750 million pounds ($1.2 billion) in stock.
Capital Shopping Centres Group Plc , Britain’s biggest mall owner, rose the most since it became publicly traded in 1992 after saying Simon Property Group Inc. may offer more than 2.3 billion pounds ($3.6 billion) in cash for the company.
Capital Shopping Centres Group Plc is close to a deal to buy Manchester shopping development, the Trafford Centre, owned by billionaire John Whittaker , for 1.6 billion pounds, ($2.5 billion) the Financial Times reported, without saying where it got the information.
Capital Shopping Centres Group Plc, the U.K.’s biggest shopping-mall owner, said first-half profit excluding items rose 53 percent, boosted by January’s purchase of Manchester’s Trafford Centre and higher rental income.