Bridget OConnell
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Property asking prices fall £7,000 in August as more sellers come to market
The 2.3% fall from July leaves the average asking price at £301,973.
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High street banks could go way of department stores, says hedge fund tycoon Crispin Odey
London-based Odey wrote in a letter to investors that banking was a “serial lagging sector, luring every year value investors to their deaths”.
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Countrywide scraps £20m pay deal for chiefs
Struggling estate agent scraps scheme due to be put to investors next week that would have seen three bosses pocket millions of pounds.
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Ashley’s dispute with warehouse operator puts 600 jobs at risk
Ten days after House of Fraser collapsed into administration, XPO Logistics has begun a redundancy consultation.
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Open-plan offices put a spring in your step
Open-plan workers found to be more physically active than workers in cubicles or private offices.
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MORNING NEWS: Fresh plans, flexibility and a supply crunch
Round-up of today’s top property stories with quick links to the nationals.
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Merger may force J Sainsbury and Asda to sell up to 300 stores
J Sainsbury and Asda face great sale to convince regulators to approve proposed merger.
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Company purchasers ignore voluntary ‘safety net’ for pre-pack administrations
The government is facing pressure to bolster the rules around pre-pack administrations after figures showed that a voluntary scheme was being shunned.
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Amazon ‘eyeing Homebase stores for warehouse use’
The American internet retailer is said to be running the rule over a tranche of 42 Homebase stores that are being disposed of by the troubled DIY retailer.
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London leads way as house prices fall
Asking prices for houses have fallen by an average of 2.3% in the past month.
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House of Fraser close to being sold for just £1 before Mike Ashley deal, administrators reveal
EY received offers from 48 parties for the department store chain, with two of those considered most viable.
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London mayor battles to keep pace with housing crunch
Sadiq Khan concedes annual rate of building needs to rise by 70%.