Helen Ozolins
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Home loan problems main reason deals fall through
Problems sorting out a mortgage is the main reason for home purchases falling through, according to a study by Nottingham building society.
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Ladbrokes to close northwest London HQ
Up to 700 jobs could be lost following the merger of Ladbrokes and Gala Coral.
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London first choice as Europe base for US tech companies
London is still the first choice as a European base among US technology companies, despite the Brexit vote, a poll of 200 companies shows.
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Hard Brexit impact could be modest
The impact on the City of London of a ‘hard Brexit’ would be modest and manageable, according to analysis by Moody’s.
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Chappell puts Swiss Rock into liquidation
Dominic Chappell, the former owner of BHS, has put his retail investment company Swiss Rock Ltd into liquidation, appointing David Rubin & Partners as liquidator.
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This morning’s papers: Homes for first-time buyers head price gains
House prices are heading higher again, despite expectations that the Brexit vote would curb rises. Home typically bought by first-time buyers saw the sharpest growth
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Miller’s home sales up 20% since Brexit vote
House sales after the EU referendum vote are running 20% higher on the year, Miller Homes said as it reported interim results.
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Purplebricks’ sales instructions more than double
The number of instructions to sell received by Purplebricks has risen 121% on the year, to 3,156, the company said in a trading update.
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UK property market recovering confidence
Confidence is returning to the UK property market after the turmoil following June’s Brexit vote.
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Sharp drop in John Lewis profits
John Lewis Partnership reported a dramatic fall in earnings for the six months ended July, down 75% to £56.9m.
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Sales continue to improve at Morrison
Morrison saw pretax profit rise by 13.5% in the six months to 31 July, while like-for-like sales were up 1.4%.
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Next pretax profit down 1.5%
Next expects trading to continue to be difficult, it said as it revealed a 1.5% drop in pretax profit in the six months to the end of July.