Karen Day
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Co-op Bank fails stress test
The Co-operative Bank failed the Bank of England’s first stress test, which tested banks’ ability to withstand shocks to the system including a rise in the employment rate to 12%…
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Global Roundup: Federal Reserve meets, U.S. housing starts fall
The U.S. is holding a two-day interest rate meeting, and while officials will keep an eye on the situation regarding the plunging Russian ruble and the country’s economy, the focus…
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Towns lacking protection, MPs say
Some four in 10 councils have yet to adopt plans to guard against unwanted building developments, leaving them open to speculative projects.
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Garden Bridge excites complaints from St. Paul’s officials
Officials at St. Paul’s Cathedral have complained to Westminster Council that the proposed Thomas Heatherwick Garden Bridge over the Thames would spoil views of the cathedral’s dome.
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Terra Firma mulls options for Infinis
Terra Firma is looking at the possibility of a sale of its stake in renewable energy company Infinis Energy.
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Carpetright shares surge after strategy review
Shares in Carpetright, the U.K.’s biggest seller of floor coverings, surged after the company’s new chief executive officer outlined the findings of a three-month strategy review.
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CRH sells brick maker
Irish construction materials company CRH has sold brick-maker Ibstock to private equity firm Bain Capital for £414 million.
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Homebuyers benefiting from mortgage competition
Homebuyers are benefiting from renewed competition among lenders, with rates now as low as during the global financial crisis.
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U.K. councils buying back houses
Councils are buying back houses previously sold under the right-to-buy scheme as they battle a shortage of social housing.
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Northwood Investors to buy Highcross
Private equity firm Northwood Investors LLC is to acquire Highcross Strategic Advisers.
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New homes incentive for first-time buyers
First-time property buyers under the age of 40 will be offered a 20% reduction on new homes, U.K. Prime Minister David Cameron said.
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National Australia Bank sells £1.2 billion of U.K. property loans
National Australia Bank has sold £1.2 billion of loans on commercial properties in the U.K., the latest in a series of divestments as it looks to exit the sector.