Bridget OConnell

In an unscheduled announcement, the department stores group said that pre-tax profits were expected to be between £35m and £40m this year, far lower than market expectations of £50m.

About £3.4bn of Asian capital has been invested in City offices this year, according to Savills.

Research by Locality, a network of community organisations, shows that councils sold 4,131 buildings or plots of land last year.

Regulator brands KPMG’s work ‘unacceptable’,

The Competition and Markets Authority (CMA) has published a summary of the responses it has received since firing the starting gun on a probe last month.

A senior financier and top academic have won places on the Prudential Regulation Committee at the Bank of England, overseeing banks and financial markets.

Rightmove found asking prices rose 0.4% month on month in June to an average of £309,439, easing from 0.8% growth in May.

MPs will tell PM that housing is the ‘defining’ issue holding back Conservative support from under-40s.

Poundworld, Prezzo, Debenhams: the list of businesses that have confounded the buyout barons is growing.