Bridget OConnell
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MORNING NEWS: European investment and City circus
Round-up of today’s top property stories with quick links to the nationals
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Cadogans’ dividends bloom as retail rises
Dividend paid to Earl of Cadogan and his family almost triples to £58.3m
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Activist investor backs Majestic Wine plan to sell all 200 stores
Buyout firm OpCapita has been linked to purchase of retail business
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WeWork continues UK expansion in Birmingham and Cambridge
Company chalks up fourth and fifth UK cities as it heads towards an IPO
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Jeremy King says private equity no recipe for restaurant success
Restaurateur behind London’s Wolseley blames sector’s woes on short-term outlook
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HSBC to cut hundreds of investment bank jobs
Cost control tightens as group braces for pressure on revenues and deteriorating outlook
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MORNING NEWS: Newcomers, new ground and second bites
Round-up of today’s top property stories with quick links to the nationals
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Distressed stores ‘will demand new cuts and closures’, says UBS
UBS also warned that a large amount of retail space is doomed to be obsolete
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Big four supermarkets lose out as discounters Aldi and Lidl keep growing
Sales at Sainsbury’s, Asda and Morrisons fell in May quarter, while Tesco’s were flat
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Sir Stelios Haji-Ioannou parks his tent on rival’s lawn
Easyhotel’s “takeaway zip-up hotels” tent stunt follows launch of Premier Inn’s Zip concept
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Gourmet Burger Kitchen sales slide as slump in casual dining bites
Sales crash follows last year’s CVA which saw 17 restaurants close
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Gap between asking and selling prices widens as outlook weakens
London, Manchester, Nottingham and Leicester reporting slowdown in price growth