In the news this morning, UK high street woes are reported to be catching up with department store House of Fraser.
The group has approached specialist lenders for tens of millions of pounds in emergency funding as harsh trading conditions leave it fighting for its life.
Also in the news, Brookfield, which bought Canary Wharf-owner Songbird Estates for £2.6bn with the Qatar Investment Authority in 2015, has been linked to a new acquisition target.
The Canadian investment house, which came close to to buying stock market-listed serviced office group IWG for £2.5bn earlier this year, has emerged as one of the potential suitors for the £1bn David Lloyd health club chain.
Nahome: Agents must stop cutting each others’ throats
Five things you might have missed last week
House prices pushed up 20% by influx of foreign cash
Waning appetite for restaurants eats into profit
Struggling House of Fraser hunts for lifeline
Persimmon’s plea to City over bonus debacle surrounding boss Jeff Fairburn
Brookfield ponders £1bn bid for David Lloyd gym chain
Housebuilders claim industry is ‘doing duty’ for Britain as it hits back at Government criticism
New blow for Tchenguiz brothers as administrators sell-off hotel chain
