Karen Day
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M&S could cut back overseas activities
Marks & Spencer could cut back its international activities, with chief executive Steve Rowe saying a decline in profits on overseas operations was not sustainable.
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Restaurants sector leads services
The services industry expanded over the last three months, led by the restaurants, bars and hotels sector, a survey by the CBI shows.
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Fresh data to update Brexit impact
A new round of economic data this week will provide fresh evidence on the impact of June’s Brexit vote.
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Pay-to-stay rent rises for 70,000 council tenants
More than 70,000 social housing tenants could find themselves paying more than £1,000 a year extra in rent as a result of the government’s pay-to-stay policy.
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Property a better bet than pension
Property is the better bet for funding retirement, according to Bank of England chief economist Andy Haldane.
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Marathon increases European property investment
US hedge fund Marathon has added to property investments in France, Germany, Ireland and the Netherlands amid expectations those countries will be most likely to benefit from Brexit.
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Developers accused of restricting home supply
Developers are facing accusations that they are restricting the supply of new houses following a report by Civitas saying that although 2m planning permits were issued between 2006 and 2015,…
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Homes could be heated by industrial machinery
Government-backed plans for an expansion of heat networks could see hundreds of thousands of homes warmed by heat generated by industrial machinery and Tube trains.
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Al Mana’s plans could see BHS back on high street
The BHS brand could return to the high street with news that Al Mana group is considering opening new stores under the BHS name.
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Homebuilding missing target with 2% rise
Building work was started on 144,280 homes in England in the year to June, a rise of just 2% and well below the level needed.
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Investors withdraw £792m from property funds
Investors withdrew £792m from UK property funds in July, figures from the Investment Association show.
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Neville’s plans causing Historic England great concern
Plans by former Manchester United footballers Gary Neville and Ryan Giggs to redevelop part of Manchester’s city centre have drawn opposition from Historic England.