Helen Ozolins
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Cancelling Thames garden bridge could cost £22.5m
Cancelling the Thames garden bridge project could cost taxpayers £22.5m, according to a report by the National Audit Office.
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OBR warns on pensions effect
Analysis by the Office for Budget Responsibility has found that the removal of tax relief on the pensions of higher earners will cost the Exchequer £5bn a year.
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Tenant farmers’ compensation claim to be heard
Seven tenant farmers in Scotland are set for a court hearing next month as they seek compensation from the government for losing their homes.
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Ted Baker profit up 20%
Ted Baker reported a 20% rise in earnings to £21.5m in the 28 weeks ended 13 August, while revenue rose by 14.4% to £259.5m.
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Sainsbury’s targets department store feel
Larger Sainsbury’s outlets will increasingly take on the appearance of department stores, chief executive Mike Coupe said as he unveiled the first store to feature both Argos and Habitat concessions.
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Pure Gym calls off IPO
Pure Gym has called off plans for an initial public offering, citing current market volatility.
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US bank heads warn could start moving staff in 2017
The heads of two US banks warned that employees could start being transferred out of London next year if it seems likely there will be a hard Brexit.
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Germany’s OfficeFirst delays IPO
Germany’s IVG Immobilien is delaying a planned initial public offering of its OfficeFirst unit due to a significant deterioration in the market environment.
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Property news from this morning’s papers 11th October 2016
In brief: round-up of today’s top property stories with quick links to the nationals.
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House prices down 1.1%
House prices fell 1.1% on the month in September amid sharply lower interest from potential buyers, according to figures from Haart.
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May rejects housing minister’s comments
Theresa May does not seem to support her housing minister’s suggestion that inheritance skip a generation in order to help younger people onto the housing ladder.
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Cerberus buys distressed loans from Ulster Bank
Cerberus has paid an undisclosed amount to acquire a portfolio of distressed loans from Ulster Bank.