In the news this morning, the private equity owner of Pret A Manger is preparing a deal to buy Miller Homes, but senior Asda sources have ruled out a bid worth £4.4bn for discount retailer B&M. American private equity firm Lone Star is to sell its chain of 13 UK golf clubs. British Land is to concentrate on ‘campus’ schemes in London rather than single buildings. People of all ages are leaving London to find more affordable homes. Household incomes have fallen but spending has gone up as people save less. A decision not to electrify all of the Leeds-Manchester railway line is a blow to the Northern Powerhouse.
Pret A Manger owner lines up Miller Homes bid (Telegraph/FREE)
Asda rules out B&M takeover (Telegraph/FREE)
Golf club chain put up for sale (Telegraph/FREE)
British Land targets campus schemes (Telegraph/FREE)
House hunters reject London (FT/£)
Household income drops but spending rises (FT/£)
Rail decision hits Northern Powerhouse (FT/£)
