Helen Ozolins
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Outcome of Brexit talks key for economy
The outcome of Brexit negotiations is the most important factor for the economic outlook, Bank of England governor Mark Carney said in a press conference following the central bank’s rate…
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Read this morning’s papers: Three-year tenancies in ministers’ sights/Construction at 11-month low
Round-up of today’s top property stories with quick links to the nationals.
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Ministers plan for three-year tenancies
Ministers are looking at a change to the national planning policy framework to encourage landlords to offer three-year tenancies.
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Construction activity falls to 11-month low
Construction activity as measured by the CIPS/Markit purchasing managers’ index dropped to an 11-month low of 51.9 in July from 54.8 in June.
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Millions consider down-sizing
Nearly half of those aged 65 and over are considering moving to a smaller property, according to McCarthy & Stone’s annual retirement confidence index.
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Care home bed shortage could hit 70,000 by 2026
The shortage of care home beds could rise to 70,000 over the next nine years, a report by JLL and BBC Radio Four predicts.
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B&M buys Heron Foods
Discount retailer B&M Bargains has acquired Heron Foods Group in a deal that values the grocer at £152m.
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Asda reveals 19% drop in pretax profit in 2016
Asda revealed a 19% drop in pretax profit last year and a 5.7% fall in like-for-like sales, in accounts filed at Companies House.
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Travis Perkins reports higher sales but profit falls
Travis Perkins reported a 3.5% increase in sales to £3.2bn in the first half of the year, but pretax profit fell 4.5% to £168m.
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Read this morning’s papers: Bridgepoint nears Miller Homes deal/Lack of supply boost house prices
Round-up of today’s top property stories with quick links to the nationals.
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Bridgepoint nears £655m deal for Miller Homes
Bridgepoint is close to agreeing a deal with Blackstone unit GSO, Lloyds and Coller Capital to acquire Miller Homes for £655m.
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Lack of supply supports house prices
House prices rose for a second straight month in July, taking the average to a new record high of £211,671, figures from Nationwide show.