Karen Day
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BoE rate cut expected
The Bank of England’s monetary policy committee is widely expected to vote to cut interest rates at this week’s meeting.
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Lending to businesses to fall
Lending to businesses is set to fall by 1.8% next year and a further 1% the year after, EY Item Club forecasts.
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Number of barn conversions falls
The number of barn conversions has fallen to 413 from 563, according to figures from funding company Saving Stream.
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Morrison cuts prices
Supermarket chain Morrison is planning price cuts averaging 18% on more than 1,000 products, starting today.
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AccorHotels plans Brazilian expansion
French hotel chain AccorHotels is planning to expand its activities in Brazil.
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Hong Kong home price rise likely short-lived
Hong Kong secondary property prices rose 1.6% in Q2, but analysts predict the rebound could prove short-lived.
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UK house prices up 0.5% in July
The average UK house price rose by 0.5% in July to £205,715, figures from Nationwide showed.
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Countrywide warns on earnings
Countrywide warned that earnings this year would be below the prior year level, as commercial and residential activity slowed in London following the vote to leave the European Union.
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Fund to pay £323m for Pinewood
PW Real Estate Fund III is set to pay £323m to acquire Pinewood Group, the owner of Pinewood Studios.
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Lloyds to close 200 branches, cut 3,000 jobs
Lloyds Banking Group is cutting a further 3,000 jobs and closing 200 branches, it said as it announced a doubling of its pretax profit.
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Consumer confidence slumps post-Brexit
Consumer confidence fell by the most in 26 years in July, while business confidence among manufacturing companies fell in every region of England and Wales, surveys by GfK and EEF…
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Pace of pension withdrawals accelerates
The number of over-55s withdrawing money from their pension pots accelerated in Q2, with 159,000 withdrawing a total of around £1.7bn.