Karen Day
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Burberry delays work on new Leeds factory
Burberry will delay plans to build a new factory in Leeds as it looks to see how events unfold following the Brexit vote.
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Weaker pound to pressure retailers
Retailers will suffer if the pound continues to weaken because of their reliance on imports, in particular clothing retailers, ratings agency Moody’s said.
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SuperGroup profit up 16%
SuperGroup reported a 16% on-year rise in pretax profit and a 21% increase in sale in the year to the end of April.
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Nearly 200,000 empty homes in Ireland
Preliminary analysis of the figures from Census 2016 show Ireland has 198,358 unoccupied homes, or around 13% of housing stock.
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AirTrunk eyes Australia for data centre expansion
AirTrunk Pte is targeting the Australian cities of Melbourne and Sydney as sites to build data centres prior to expanding into Hong Kong and Singapore later.
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RICS’ London house-price index lowest since 2009
The RICS’ London house price index dropped to its lowest level since the global financial crisis in June, falling to a reading of -46 compared with -35 in May.
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Aberdeen ends property fund suspension
Aberdeen Asset Management has ended the suspension of trading in its UK property fund, implemented last week.
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Properties listed for rent up 8%
The number of properties advertised for rent rose by 8% on the year in the three months to the end of June, figures from Rightmove show.
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Barratt reports rise in sales
Barratt Developments sold a record 17,319 homes in the year to the end of June, a rise of 5%, while the average selling price jumped by 11% to £260,000.
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Scottish house prices to rise longer term
The RICS is expecting house prices to continue to rise in Scotland over the longer term.
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Market expects BoE rate cut
The Bank of England is widely expected to cut interest rates by 25 basis points today, taking the bank rate to a record low 0.25%.
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Co-op sells 298 stores to McColl’s
The Co-operative Group is planning to sell 298 smaller food stores to McColl’s for £117m.