Karen Day
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U.K. economy continues to expand
Buoyant household spending was behind the rise in U.K. gross domestic product in the three months ended Sept. 30, data from the Office for National Statistics showed.
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Global Roundup: U.S. new home sales fall
New home sales fell 1.6% in the U.S. in November, to an annualized rate of 438,000, figures from the Commerce Department showed.
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Taxpayers to pay for Portcullis House glass roof
The taxpayer will have to pay for repairs to the problem-hit glass roof in the Portcullis House building.
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Regulator opens investigation into Tesco accounting scandal
The Financial Reporting Council is to launch a formal investigation into the accounting scandal that has hit Tesco.
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Government’s long-term commitment to road repairs
The government will spend a record £6 billion over a six-year period to improve local road infrastructure, including repairing an estimated 18 million potholes.
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Kingfisher sells majority stake in B&Q China
http://www.ft.com/cms/s/0/280b1db2-89b0-11e4-9dbf-00144feabdc0.html#axzz3Mb5QyPIW
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Demolition of Earls Court venue begins
Demolition work has begun on the Earls Court Exhibition Centre and work on the first of 7,500 houses that will be built on the site will commence next year.
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U.K. election too close to call
Next May’s election is too close to call, the latest polls show.
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Goldman Sachs sells metal warehousing unit to Reuben Brothers
Billionaire property investors the Reuben Brothers have acquired Goldman Sachs’s metal warehousing business, Metro International Trade Services, for an undisclosed sum.
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Kennedy Wilson buys 180 U.K. properties
Kennedy Wilson Europe Real Estate will pay £503 million for 180 U.K. properties, more than half of which are located in London and the southeast.
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Bilfinger to sell construction division to Implenia
The sale of Bilfinger SE’s construction division to Implenia AG of Switzerland is expected to be finalized in the first quarter of next year, the two companies said.
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Dalian Wand shares fall after IPO
Shares in property developer Dalian Wanda Commercial Properties fell on the first day of trading in Hong Kong after the company’s initial public offering, the proceeds of which will be…