David Callaghan
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Construction slows as economy stutters
The construction sector shrank 0.9% as the economy struggled in the second quarter.
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Hilton books higher revenue
Hilton reported sales rose a fifth in the second quarter.
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Marston’s toasts summer boost
Warm weather has boosted performance at pub group Marston’s.
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Unite warns cladding on student flats may be replaced
Student accommodation provider Unite has warned it might have to replace the cladding on some of its buildings.
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Accor takes on Airbnb in home rentals
French hotel giant Accor is adding acquisitions to its Onefinestay brand to compete with Airbnb and other online booking services.
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Auction briefs 29 July 2017
Barnard Marcus raised £20.5m at its London sale on 25 July, with a success rate of 61%
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Regional lots fuel July resi sales
The UK’s top two residential auction houses reported strong interest in regional lots at their July sales
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Savills residential sale raises £30.5m
Savills recorded a success rate of 79.5% at its latest sale, which raised £30.5m
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Barnard Marcus’ July auction makes £20.5m
Barnard Marcus raised £20.5m at its London sale on 25 July with a success rate of 61%.
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Developers braced for leasehold law change
In the news this morning, both McCarthy & Stone and Berkeley could be affected by new rules on leasehold.
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Developers could be hit by new leasehold rules
Both McCarthy & Stone and Berkeley could be affected by new rules on leasehold of new houses.
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Warehouse space squeezed by internet battle
The boss of property firm Segro said the demand for warehouse space had risen sharply as retailers fought for better delivery times.