Good morning. A quiet day in property and retail news this 31 July – The Times reports that banking brands including Virgin Money, Clydesdale and Yorkshire have warned that a price war in the mortgage market has hurt its margins, spooking investors.
Also in The Times, corporate insolvencies have reached their highest level in more than five years as companies continue to show signs of financial distress.
Also in the news:
Changes mean healthy profits at Greggs
Housing policy is key — but what exactly is Boris Johnson’s grand design?
Second-hand market comes in from the cold in China
