Karen Day
-
Higher Q2 sales at Next
Next reported a 0.3% rise in total sales in Q2, against a background of improving stock availability and clearance rates as well as better weather.
-
Sharp fall in HSBC’s earnings
HSBC reported a 45% on-year fall in Q2 pretax profit and a 29% drop in H1 profit.
-
Property fund withdrawals totalled£1.4bn in June
Investors took £1.4bn out of property funds in June, figures from the Investment Association show.
-
Prime London home sales halve in Q2
Property sales in the wealthiest areas of London fell by 51% on the year in Q2 and were 44% lower on the quarter, figures from LonRes show.
-
UK construction activity lowest since 2009
UK construction activity fell at the fastest rate since 2009 in July, following June’s Brexit vote.
-
Home sales expected to be suppressed
LSL Property Services reported a 35% jump in pretax profit in the year ended in June.
-
Travis Perkins sales growth slows in Q2
Travis Perkins reported a 10.7% on-year rise in pretax profit in H1, while revenue increased by 5.8%.
-
Santander bids for Williams & Glyn
Santander UK has made an offer to acquire Williams & Glyn from Royal Bank of Scotland.
-
Healthier options increase sales for Greggs
High street baker Greggs reported a 6% increase in sales in the six months ended 2 July.
-
IHG reports solid numbers
InterContinental Hotels Group reported a 10% increase in underlying operating profit in H1 and a 5% increase in revenue.
-
Evens chance of a recession in next 18 months
The UK economy has a 50% chance of entering a recession over the next 18 months, the National Institute of Economic and Social Research said.
-
Home ownership at 30-year low
Home ownership in the UK is at its lowest level in 30 years, according to a study by the Resolution Foundation.