Helen Ozolins
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BoE warns on elevated risks
While markets are now calmer than they were in the immediate aftermath of the Brexit vote, elevated risks remain, the Bank of England’s financial policy committee said.
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Lloyd’s of London may open EU subsidiary
Lloyd’s of London is working on contingency plans to ensure it can continue its activities in the European Union once article 50 is triggered.
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No need for another BoE rate cut
A further interest rate cut may not be necessary to support the economy, says Kristin Forbes, a member of the Bank of England’s monetary policy committee.
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Property news from this morning’s papers 22nd September 2016
Estates Gazette’s daily roundup of property-related news published in the national press.
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Axa IM buys Eureka Funds Management
Axa Investment Managers has acquired Eureka Funds Management, an Australian real estate fund manager.
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O&S set to lose £60m contract to house asylum seekers
Orchard & Shipman is set to lose a £60m contract to house asylum seekers in Glasgow.
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Strong results for Shepherd Neame
Brewer Shepherd Neame reported a 4.7% rise in profit and a 1.2% increase in revenue in the 12 months ended 25 June.
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Shares in Bonmarché fall
Shares in Bonmarché fell after the company issued its third profit warning in nine months, saying trading in September had been poor.
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Majestic issues profit warning
Problems at Majestic’s commercial division and at its Naked Wines USA unit resulted in the company issuing a surprise profit warning yesterday.
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MP warns of risk to jobs at M&S
The jobs of thousands of Marks & Spencer staff are at risk if they do not accept a new pay deal, Labour MP Siobhain McDonagh said.
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Supermarkets plan to cut pack sizes, BoE says
Supermarkets could cut pack sizes or use cheaper ingredients in their products rather than raising prices to compensate for increased costs following the Brexit vote.
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UK economy defying expectations
The UK economy has proved resilient since the Brexit vote, despite expectations to the contrary.