Good morning. Here is your AM bulletin with the latest news and views from EG, and a few of the best bits from the national press.
The man behind John Lewis‘s push into BTR has quit the business. Chris Harris, who arranged Abrdn’s £500m investment, will stand down as property director in November after five years with the retailer.
Meanwhile, landlords face receiving no rent for three years from struggling retailer Wilko as it draws up its company voluntary arrangement.
And landlords and other unsecured creditors are still owed £45m from the collapse of convenience store chain McColl’s, with little likelihood of getting it back.
The boss of McDonald’s in the UK has revealed that he has a major beef with the planning system.
And the South East of England has lost its position as the top destination for foreign investment outside London, as the North West and West Midlands rise up the ranks. Don’t get too excited, though. Investment as a whole has slumped.
Footage has emerged of dancing, drinking and laughing about breaking lockdown rules at a Covid-era Christmas party attended by Nick Candy.
And the financial markets fully expect a 13th consecutive interest rate rise on Thursday. The only question is, by how much?
Ahead of an expected National Audit Office report into the royal finances next month, The Times (£) takes a look at the Crown Estate, from its highly profitable seabed deals to its less than profitable ownership of swans and dolphins.
And you can catch up with the latest episode of EG Like Sunday Morning, which this week features special guests!
