Bridget OConnell
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MORNING NEWS: Trophy assets and tech trailblazers
Round-up of today’s top property stories with quick links to the nationals.
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Poundworld to close 25 stores and cut 242 jobs as administration continues
Discount chain collapsed into administration last month.
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Hammerson under pressure as Elliott increases stake
Activist boosts holding as UK shopping centre owner prepares to unveil new strategy.
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Sainsbury’s set to name Scicluna as new chairman
Scicluna currently chairs property company Great Portland Estates and insurance firm RSA.
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M&S boss Steve Rowe refuses to rule out further store closures
Chairman Archie Norman warns: we change or die
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MORNING NEWS: London offices, luxury hotels and open data
Round-up of today’s top property stories with quick links to the nationals.
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Big pub companies are ‘gaming system and bullying tenants’
Businesses of “gaming the system” and bullying tenants into accepting poor terms by chairwoman of the parliamentary committee investigating the pubs code.
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World Cup is win-win for retailers
A report from the British Retail Consortium has concluded that World Cup “beers, barbeques and big TVs” boosted retail spending in June.
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Bank of England ‘should be able to freeze house prices’
Proposals are part of think tank’s wider plans to rebalance the UK economy away from finance.
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Mothercare to shut 60 stores after raising £32m for turnaround plan
Retailer launches a deeply discounted £32.5m rights issue and increases the number of stores it will close to 60.
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Ei Group poised to sell £300m property business
Britain’s biggest pub company has appointed advisers to look at a potential sale of its commercial property division.
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One in six has faced business rate summons
A year after the contentious revaluation of business rates, it has been estimated that about 190,000 companies received a summons to appear before magistrates over unpaid bills.