David Callaghan
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Housebuilding rate falls
Construction output fell in August by 3.9% compared to the previous month, according to the Office for National Statistics.
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Balfour hit by sale warning
A leading stockbroker has told investors they should block Balfour Beatty’s plan to sell of its American consultancy arm Parsons Brinckerhoff.
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Aldermore may abandon float
Challenger bank Aldermore may be forced to cut the price of its stock market listing or even drop the idea of a float.
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Scots rush to beat new tax rates
Estate agents in Scotland are expecting a rush of people buying prime housing before new tax charges apply in April.
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Tesco chief must produce crisis plan
New Tesco chief executive Dave Lewis is under pressure to produce a rescue plan with Christmas getting close.
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Tesco shares pick up
Shares in crisis-hit retailer Tesco rose yesterday after a leading City analyst said a rights issue would be a positive move. Daily Telegraph Business 7
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Jessops makes return in Sainsbury’s
High street camera retailer Jessops is fighting back from administration by opening outlets in Sainsbury’s stores. Helped by Dragons’ Den star Peter Jones, Jessops is to open three shops within…
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Gap chief to step down
The chief executive of fashion retailer Gap, Glenn Murphy, is to step down next year after reversing a sales decline. He will be replaced by the company’s digital division head…
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Dixons Carphone strips £80m costs
Newly merged company Dixons Carphone is expected to achieve a reduction in annual costs of £80m. The firm said there was a “huge opportunity” for growth after the collapse of…
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High street hit by fall in new shops
The number of new shops opening on UK high streets has dropped in the first six months of the year. There has been a net loss of 406 shops after…
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Balfour to close Blackpool airport
Balfour Beatty has been forced to close Blackpool airport, which it owns, after Jet2 airline reduced its operations. The company bought the airport for £14m in 2008, and has spent…
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London prices fall
House prices in London have dropped for the first time in more than three years, and are set to fall further, according to a survey of estate agents. The survey…