MORNING NEWS: Carpet, hummus and millennials

In the news this morning, more gloom from the high street. Carpetright is planning to close 92 shops as it swings to a £71m loss and the casual dining crunch claims another London victim. Elsewhere, the FT reports that millennials regard buying property as high risk, and would rather invest in shares, bonds or bitcoin. NEWS ROUND-UP: Will Letwin really get housebuilders building? Millennials favour shares and bitcoin over home ownership High prices push down mortgage approvals Biggest risk in raising rates is being too fast, says Haskel Online estate agent ‘misleads for 11th time in three years’ UK Asset Resolution bad bank to sell assets over the next three years Carpetright swings to £71m loss as it shuts stores in bid to stay afloat Hummus Brothers becomes latest casual dining chain to call in administrators