In the news this morning, former footballers Gary Neville and Ryan Giggs will make changes to their much-criticised £200m St Michael’s development in Manchester city centre, and have asked the council not to consider the application as it currently stands. BNP Paribas is in talks to buy Strutt & Parker, with the focus possibly on the estate agency’s commercial activities. Uncertainty over Brexit and exchange rate fluctuations mean eastern European construction workers are already leaving their jobs at the Battersea power station development.
Neville’s Manchester city centre development on hold (The Guardian/FREE)
Former Manchester United footballer Gary Neville has put plans for the £200m St Michael’s development in Manchester city centre on hold.
BNP Paribas Real Estate in talks to buy Strutt & Parker (The Telegraph/FREE)
BNP Paribas Real Estate is in talks to buy upmarket estate agency Strutt & Parker.
Eastern European construction workers already leaving (The Times/£)
Construction workers from eastern Europe, working on the Battersea power station development, have been leaving because of the Brexit vote, the chief executive of Battersea Power Station Development Company, Rob Tincknell, said.
Sagi eyes London’s shared office market (FT/£)
Playtech founder Teddy Sagi has sold a further 4% of his stake in the company to Boussard & Gavaudan Investment Management as he looks to invest in the shared office market in London.
Home improvements boost builders’ merchants (FT/£)
Home improvements are behind improved results at paving and concrete maker Marshalls and builders’ merchant Grafton.
Talks on Scottish care home fees near collapse (The Times/£)
Negotiations over fees for Scottish care homes are at a stage of virtual collapse, the sector’s representative body, Scottish Care, said.
Inditex reports earnings rise (The Times/£)
Inditex, the owner of the Zara brand, reported a 10% higher net profit of €3.2bn on sales that were 12% higher at €23.3bn.
