MORNING NEWS: Direct investment and debt market developments
In the news this morning, reports that Legal & General is launching a new wholly owned affordable housing provider.
Both the FT and EG bring you articles about the rationale for the move and how it will work.
Also from EG, lending to UK property development reached a record high in 2017 as competition in the debt market heated up.
L&G launches affordable housing arm
Development lending hits record high
Activists raise pressure for quick coffee break
Legal & General moves into UK affordable housing business
High-end buyers shrug off rising cost of stamp duty
Blackrock adds to unrest over Persimmon bonuses
Taylor Wimpey frozen out for a month by extreme cold
New builds in ‘volatile’ capital fall sharply as doubts take toll
Mortgage approvals down 10% as jittery households play it safe
Waterstones to keep expanding under new owners Elliott, says boss
Poundworld puts 1,500 jobs at risk