In the news this morning, Lloyds Banking Group has set aside £300m to cover mortgage arrears errors. A judicial review challenge against Chelsea football club’s plans for a new stadium is rejected. The construction sector shrank 0.9% as the economy struggled in the second quarter. Unite has warned it might have to replace the cladding on some of its student buildings. French hotel giant Accor is adding acquisitions to its Onefinestay brand to compete with Airbnb. Hilton reported sales rose a fifth in the second quarter and warm weather has boosted performance at pub group Marston’s.
Lloyds to pay £300m for mortgage arrears errors (Telegraph/FREE)
Chelsea spared extra-time delays (Telegraph/FREE)
Construction slows as economy stutters (FT/£)
Unite warns cladding on student flats may be replaced (FT/£)
Accor takes on Airbnb in home rentals (FT/£)
Hilton books higher revenue (FT/£)
