Companies are turning to older workers: Study London: New research has found employers are taking a more positive attitude to hiring and retaining older workers. Monash University researchers surveyed 600 large organisations and found between 40 and 50 percent were positive about workers over 55. But Monash professor Philip Taylor says the research also found a lack of interest in providing training for older workers... Full Story in current edition of UK Over 50s Housing Weekly     #440 / 25-08-10

Viability of CCRC business model challenged NEW YORK: Two reports on the Continuous Care Retirement Village (CCRC) business model published in the USA this week will add weight to the 'unbankability' line of thinking that is emerging in the UK/USA/Canada and Australasia. The USA Congress Government Accountability Office Report focuses on the vulnerability of the current business model in economic downturns. "Stagnant real... Full Story in current edition of UK Over 50s Housing Weekly     #439 / 23-08-10

Nursing staff protest over care home rent levels LONDON: Southern Cross Healthcare was the target of an unusual protest which took place outside the Harrods store in London last week. Members of the GMB union protested outside Harrods on Wednesday, waving placards saying: "Stop the right royal Qatari rip-off of Britain's elderly." The target of the protest was the owner of Harrods, the Qatari Investment Authority... Full Story in current edition of UK Over 50s Housing Weekly     #438 / 23-08-10

Southern Cross Healthcare under profit pressure DARLINGTON: Southern Cross Healthcare has been pressured by its public reporting obligations into further admissions about the extent of its revenue slippage. The care homes group, which generates about 70 per cent of its revenues from local government, said lower public sector budgets would cause its underlying earnings to be 15 per cent lower than the consensus previously predicted by City analysts.... Full Story in current edition of UK Over 50s Housing Weekly     #437 / 16-08-10

Nestor Group rejects £102m takeover approach HATFIELD: Plans from the owner of over-50s holidays company Saga and the AA motoring group to build a national home help chain were set back after bid target Nestor Healthcare rejected a £102 million approach. Acromas – formed through the 2007 merger of Saga and the AA has bought two other firms providing healthcare services at home and is in talks over several... Full Story in current edition of UK Over 50s Housing Weekly     #436 / 16-08-10

£15m keeps social housing entity going EXETER: Connaught has launched a charm offensive in an attempt to reassure suppliers that the embattled social housing maintenance group can repay its debts, after bankers granted it a vital short-term £15 million ($23 million) overdraft facility. The cash injection, which Connaught confirmed it had received, gives the FTSE 250 company time to negotiate a deal with lenders to... Full Story in current edition of UK Over 50s Housing Weekly     #435 / 9-08-10

Court sets new rules for affordable housing London: A council can legally set an affordable housing requirement that is too high to be met during a recession, the Court of Appeal has ruled. House builder Barratt Developments took Wakefield Council to court over its core strategy, which requires that urban developments comprising more than 15 homes should include at least 30 per cent affordable housing... Full Story in current edition of UK Over 50s Housing Weekly     #434 / 9-08-10

Anchor Trust to close seniors housing unit Bacup: A sheltered housing scheme in Bacup will close before Christmas after Anchor Trust decided it was no longer habitable. Each of the 21 residents were informed of the decision by letter last week. Management at Anchor, which runs a number of retirement communities in East Lancashire, said they will ensure that tenants are rehoused. Said Gill Walton, regional manager, ... Full Story in current edition of UK Over 50s Housing Weekly     #433 / 29-07-10

Helical Bar bullish on sales prospects for units London: Helical Bar (LON:HLCL) today reported the company exchanged or completed on 37 units for £14.3 million at the Bramshott Place retirement village with a further 27 units worth £11.4 million currently under offer. Helical Bar said it was pleased with the operational progress and that it was in a "happy situation" with both cash... Full Story in current edition of UK Over 50s Housing Weekly     #432 / 26-07-10

Four Seasons in talks to buy Care Principles WILMSLOW: Four Seasons Health Care is in talks to buy Care Principles from Barclays Private Equity. The negotiations come as Four Seasons struggles to complete a longrunning restructuring of its debt by amending its proposal to holders of £600 million of bonds backed by a loan to the U.K nursing-homes operator by increasing interest payments if loans aren’t repaid... Full Story in current edition of UK Over 50s Housing Weekly     #431 / 26-07-10

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