News
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MORNING NEWS: ‘Extreme challenges’ for John Lewis
Plus – Acrisure takes space at 40 Leadenhall and reshuffle threatens Nandy
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John Lewis shelves Oxford Street office plans
Plans to sell a chunk of its Oxford Street flagship for £150m have been ‘delayed rather than abandoned’
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John Lewis resi scheme would make a loss
The retailer’s West Ealing flagship development will cost £240m but be worth £183m
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Government lacks ‘the spine’ to reform business rates
Calls to reform the system are at fever pitch
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Putnam’s Wilko deal gains landlords’ blessing
The rescue deal could be announced today
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Labour reshuffle could topple Nandy
Sir Keir Starmer could make the moves later today
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Pension contributions must double, says Abrdn boss
Increase to 16% would give funds enormous investment potential
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Pension funds spend £2bn too much on fees
Research says asset managers are charging too much in an opaque market
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Rebellion forces PM to overturn wind farm ban
Ministers are expected to make a statement to the Commons this week committing to the changes
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Most offshore owners still unknown
Loopholes in the legislation mean more than 100,000 properties have undisclosed owners
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Insurer takes 50,000 sq ft at 40 Leadenhall
City is back, says M&G, as it prelets 70% of 900,000 sq ft office-led development
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RAAC crisis continues
Thousands more public buildings could be at risk of closure