Retail
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Wales – Around the Market
Agents pick their most significant deals to the end of September
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Jamie Oliver signs at King’s Cross
Jamie Oliver Group has signed an agreement to lease 17,500 sq ft in King’s Cross.
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Cineworld stars at Arndale Centre
Cineworld is to anchor Legal & General’s £85m extension of the Arndale centre in Eastbourne, East Sussex.
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Tesco hints at estate rationalisation
New Tesco boss Dave Lewis has hinted at a rationalisation of the retailer’s property portfolio to help get the business back on its feet
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Valad enters €500m Central Europe retail jv
Valad Europe has entered into a €500m (£394.6m) joint venture to build up a central European portfolio.
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JLL: UK property returns 4.3% in Q3
FINANCE: UK commercial property returned 4.3% in Q3, slowing from the 4.6% recorded in the previous quarter, according to data from JLL
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Property “important consideration” in Tesco review
New Tesco chief executive Dave Lewis said property would be an “important consideration” in the firm’s strategic review
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Tesco’s chairman steps down
Tesco’s chairman intends to step down as an investigation of the retailer’s accounting confirmed a £263m black hole
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Metro Bank attracts small business clients
Metro Bank, the challenger bank which launched in 2010, said 60% of its deposits came from business customers.
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Spirit to expand pub empire
Spirit Pub Company has set aside £75m to expand its estate after approving a merger with Greene King.
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Lloyds to cut 9,000 jobs and close branches
Lloyds Banking Group is planning to shed about 9,000 jobs and close hundreds of branches.
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Homebase to close 80 stores
DIY retailer Homebase plans to close 80 stores, a quarter of the total, by 2018.