Docklands battle costs Canary Wharf €10m

The fierce battle for control of London Docklands developer Canary Wharf cost the group £10.7m (€15.8m) in the final six months of 2003, it emerged today.

Describing the period as a “difficult and unsettling time”, the group said fees paid to banks advising it on the takeover process had contributed to bottom-line profits nearly halving in the half year.