Helen Ozolins
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Argos sales growth boosts Sainsbury’s
Argos recorded a 2.3% rise in like-for-like sales in Q2, new owner Sainsbury’s said.
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Parliament would back Heathrow expansion
Prime minister Theresa May has enough backing in parliament to ensure an expansion of Heathrow airport would be approved if she were to put it to a vote next month.
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Further fall in interest rates likely to be needed
Interest rates will likely need to be cut again to avoid a pernicious slowdown, Bank of England deputy governor Nemat Shafik said.
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Property news from this morning’s papers 28th September 2016
Estates Gazette’s daily roundup of property-related news published in the national press.
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London second in housing bubble rankings
London is at risk of a housing bubble, according to UBS Wealth Management’s bubble index.
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Developers cut flat sizes, increase numbers
London flats are getting smaller, as developers drop plans for large apartments, substituting them with plans for units with less space.
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Portal juggling banned
The Property Ombudsman has banned the practice of portal juggling in an update of its code of practice.
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RBS agrees $1.1bn settlement with NCUA
RBS has reached a $1.1bn settlement with the US National Credit Union Administration Board relating to allegations of mis-selling mortgage securities prior to the global financial crisis.
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Number of Scottish households renting triples
Some 14% of Scottish households live in privately rented accommodation, triple the level in 1999.
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Wolseley to close 80 branches
Wolseley will close 80 branches, eliminate up to 800 jobs and shut a distribution centre as part of a £100m restructuring.
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Retail sales fall
Retail sales volumes have fallen this month, the latest CBI distributive trades survey shows.
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UK ranks seventh on global competitiveness
The UK’s higher place in the global competitiveness index is at risk following the Brexit vote, the World Economic Forum warned.