Helen Ozolins
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Savills reports 27% rise in pretax profit
Savills’ first-half pretax profit rose by 27% to £32.4m, boosted by a strong Asian market which recorded a 66% jump in underlying profit.
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EY Item Club warns of hit to financial services sector
The EY Item Club is warning of a potential sharp slowdown for the financial services sector and a tough 2018.
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Residents of Peckham flats ordered out over gas safety concerns
Residents of 242 flats in Peckham, south London, have been told they need to vacate the properties because the tower blocks are at risk of collapse in the case of…
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Co-op Bank loses 25,000 current account customers
Some 25,000 current account customers at Co-op Bank closed their accounts in the six months ended 30 June amid concerns about the future of the bank.
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DFS warns annual profit to be at low end of range
Furniture retailer DFS has warned that annual profit will be at the low end of a range it revised down a couple of months ago.
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Jobs under threat at Asda
Asda has started consultations with 3,257 staff at 18 underperforming stores, but is also holding informal talks with staff at a further 59 stores over moving them around departments.
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Read this morning’s papers: Housing market sales activity slips/More NHS land could be sold
Round-up of today’s top property stories with quick links to the nationals.
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RICS survey shows house price reading at lowest in over four years
The RICS house price reading was at its lowest level in more than four years in its latest survey, as weakness in the London market spread outwards.
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Amount of surplus NHS land up for disposal doubles
The Department of Health now plans to sell 1,300 hectares of NHS land, double the amount previously mooted, according to analysis by the House of Commons for the Labour party.
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Stamp duty exemption could encourage 1m older people to downsize
A stamp duty exemption could encourage more than a million older people to downsize, according to research by YouGov for McCarthy & Stone.
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Homelessness set to soar
Homelessness could double by 2041 unless the government takes action, according to research for charity Crisis.
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Tough market conditions for Interserve’s UK construction arm
Support services company Interserve reported a lower pretax profit of £36.5m in the six months to June 30, while its UK construction division made a loss of £2m.