MORNING NEWS: Newcomers, new ground and second bites

In the news this morning, WeWork’s expansion gains pace as it moves into two new cities taking the business to five locations in the UK. Click here for the full EG story. And while WeWork has set the pace in the flexible working sector, relative newcomer Knotel is gaining ground, with plenty of cash in the war chest and some big ambitions. EG spoke to its co-founder Amol Sarvat to find out what makes Knotel different from the host of other flexible space operators trying to take the biggest slice of the pie. Elsewhere, a warning that struggling retailers are likely to return for a “second bite” of store closures or rent cuts. EG Highlights: Partnership will turn pain to gain on the high street The race to streamline due diligence on property deals Big four supermarkets lose out as discounters Aldi and Lidl keep growing Sir Stelios Haji-Ioannou parks his tent on rival’s lawn Gourmet Burger Kitchen sales slide as slump in casual dining bites Gap between asking and selling prices widens as outlook weakens Telford Homes profits hit by shift towards rental sector British property lender BondMason to exit its P2P business