Good morning. Here is your AM bulletin with the latest news and views from EG, along with some of the best bits from the morning papers.
Zoom is ordering its staff back to the office. The call comes as the the video-conferencing platform, which made working from home possible for millions of workers, opens its new London office.
Meanwhile, IWG’s profit is up by a half on revenue up 14% for the first half of the year, as the firm reaps the rewards of its capital-light expansion.
Morrisons owner CD&R is closing in on $23.5bn for its new flagship buyout fund, becoming the latest big-name investor to defy an industry-wide fundraising slump.
West Midlands developer Corbally Group has revealed plans to regenerate the Perry Barr Racetrack as part of a 2,000-home scheme.
And England’s national parks would be “destroyed” by proposed “bonkers” changes that would allow barns in parks to be converted without planning permission.
Peabody has appointed David Hardy as interim chair, following the death of Lord Kerslake last month.
Retail sales were dampened last month by the wet weather.
Jigsaw has joined calls to bring back VAT-free shopping.
The decision to move thousands of civil servants to Darlington has had a hugely positive impact on the northern town’s property market. But the Treasury is yet to decide on a permanent base.
More buy-to-let landlords are selling up due to a perfect storm of rising interest rates and impending regulations.
And house prices have fallen for a fourth month in a row.
The Guardian takes a look at the cracks that are beginning to appear in the UK housebuilding market and threaten to swallow some small housebuilders.
A leading climate scientist has called on the UK government not to abandon its climate goals.
And in the US, a new Hooverville could be built in Central Park, as officials hatch plans to house recent migrants.
