Bridget OConnell
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Persimmon investors stage revolt over bosses’ excessive pay
Report just passes but investors turn harsh words on board.
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Whitbread confirms plan to spin-off Costa
Demerger of the coffee chain is expected to be completed within 24 months, with German expansion of hotel business made a key priority.
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RDI positioned for ‘service provider’ trend as NAV rises 2.2%
Income-focused REIT says it is well positioned to take advantage of the trend for real estate owners to become high quality service providers.
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MORNING NEWS: Overseas investors, domestic politics and landed estates
Round-up of today’s top property stories with quick links to the nationals.
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Capita fails to win central government work since January profit warning
Outsourcers struggle with slowdown in new contracts, rises in minimum wage and council cuts.
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Demise of Toys R Us and fashion chain East bring more job losses
Toy retailer closes its remaining stores while tough trading conditions have also scuppered East.
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Government selling £5bn of Bradford & Bingley loans to Pimco
Pacific Investment Management Co, known as Pimco, will be buying the loan-book which had also attracted interest from other hedge funds.
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Luton airport lands buyer from Australia
Ardian, which purchased its 49% stake in 2013 for £445m, is understood to have agreed the deal last week with AMP Capital, an Australian group that recently acquired Leeds/Bradford airport.
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Cooling London market hits Duke of Westminster’s property company
Grosvenor, which owns £6.8bn of property assets worldwide, said that it was continually assessing the “relative attractiveness” of the British market against the rest of the world.
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John Lewis chairman to go without pay rise for second year
Sir Charlie Mayfield opted against a pay hike for 2017/2018 and has told the company not to boost his financial package for the coming year.
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Hamleys’ Chinese owners prepare swoop on House of Fraser
The Nanjing-based, Hong Kong-listed C. Banner, which is best known in China for selling footwear, took its first steps in Britain three years ago with a £100m swoop on Hamleys,…
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MORNING NEWS: Debt deals, activist investors and long-running legal wrangles
Round-up of today’s top property stories with quick links to the nationals.