Good morning. In the news today, June 18, The Times reports that Kier will cut 1200 jobs as part of its restructure that also includes suspending its dividends for two years and selling its house-building section.
Also in The Times, Swedish retail giant H&M says it needs to invest more in its online offering to keep up with its competitors.
Nationwide chief Joe Garner paid £500 a day in expenses (The Times)
Debt burden forces Kier to clean up its act (The Times)
Davies demolishes to build again (The Times)
Hammerson on high after analysts decide to buy (The Times)
Debate over company voluntary arrangements heats up ahead of Monsoon vote (Financial Times)
Peak property: Building a bubble (Financial Times)
Real estate: post-crisis boom draws to a close (Financial Times)
Going, going, gone: Sotheby’s auction house sold for $3.7bn (The Guardian)
