In the news this morning, listings are on the agenda – OnTheMarket could announce plans for a listing today, with £50m in funds set to target expansion, while M7 has appointed bankers to explore a possible listing of one of its vehicles, potentially this year. L&G is moving into retirement housing, paying £40m to acquire Inspired Villages.
OnTheMarket set to list (The Times/£)
OnTheMarket could announce plans to demutualise and list on the London stock exchange later today.
M7 appoints bankers to look into £300m listing of vehicle (The Telegraph/FREE)
M7 has appointed bankers to examine a £300m listing of one of its vehicles, as it looks to invest in multi-let regional property.
L&G acquires Inspired Villages for £40m (The Daily Telegraph, p. 27)
Legal & General is entering the retirement housing market, paying £40m to acquire Inspired Villages.
TSB to stop providing mortgages to sportspeople (The Times/£)
TSB will stop accepting applications for mortgages from sportspeople from next Tuesday, becoming the first lender to do so.
Purplebricks addresses BBC allegations (The Telegraph/FREE)
Purplebricks has apologised for repeating claims in emails that had been ruled misleading by the Advertising Standards Authority.
Worst July for fashion sales since 2009 (The Times/£)
Fashion sales dropped 3.5% on the year last month, making it the worst July for the sector since 2009, according to a BDO report.
Better weather helps sales at Next (The Guardian/FREE)
Better weather was behind a marked improvement in online and shop sales at Next in June and July, chief executive Simon Wolfson said.
Outcome of Brexit talks key for economy (Bloomberg/FREE)
The outcome of Brexit negotiations is the most important factor for the economic outlook, Bank of England governor Mark Carney said in a press conference following the central bank’s rate decision on Thursday that saw rates left on hold at 0.25%.
