Channel Islands
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Aberdeen Property Investors launches new fund
Aberdeen Property Investors, a property arm of Aberdeen Asset Management, said it had launched a new fund holding Nordic brick and mortar assets, continuing a run of portfolio roll-outs by…
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MFI finalises Sofa Workshop sale
MFI, the struggling furniture retailer, is poised to sell its upholstery chain Sofa Workshop to New Heights, the privately owned furniture chain, for around £10m.
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Permira returns to hotel sector
Private equity fund Permira has returned to the hotel sector less than a month after selling the Travelodge chain, with the acquisition of Principal Hotels from RBS.
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Approaches from rivals inspire Esporta auction
Esporta, the health club operator, will launch a formal auction process next week after receiving approaches from rival operators Whitbread and Next Generation Clubs and private equity firms including Cinven…
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Austin Reed rejects takeover approach from Dawnay Day
The board of Austin Reed has rejected a hostile takeover approach from Dawnay Day, the investment boutique, valuing the upmarket fashion chain at £41m.
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South-east surge bolsters property prices
House prices rose by 5.7% in the year to August, led by the mini-boom in London and the South East, according to the FT house price index.
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Supercasino watchdog asserts independence
The head of a body charged with advising the government on choice of the UK’s first supercasino reasserted his independence at a public hearing yesterday.
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Ex-rail entrepreneur in pub buy-out move
Entrepreneur Sandy Anderson is considering taking private the AIM-listed pubs group Honeycombe Leisure, where he is non-executive chairman and the biggest shareholder with 37.7%.
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Merger of Branson gyms paves the way for £1bn float
The countdown to the £1bn flotation of one of Britain’s biggest gym chains will begin within days when Virgin Active and Holmes Place complete their merger.
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Rank blames smoking ban for dip in earnings
Scotland’s smoking ban made a dent in Rank’s first half Mecca Bingo business as the gambling and leisure company reported a 2.9% fall in underlying earnings.
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US property offsets better jobless figures
US unemployment fell slightly to 4.7% in August, suggesting the US economy is still generating jobs, but a sharp slowdown in the residential property market persists.
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Code of Practice for Commercial Leases toughens up
The new voluntary Code of Practice for Commercial Leases is to toughen its language to tell landlords to scrap break clause conditions, offer alternatives to upward-only rent reviews on request…