Latest property news – Page 14
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NewsMorrisons takeover could face deeper CMA probe over fuel price fears
Clayton, Dubilier & Rice’s takeover of grocery giant Morrisons has hit a snag after the Competition and Markets Authority (CMA) raised concerns over the impact the move would have on fuel prices.
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NewsBritish Land and Landsec seek £800m shopping centre swap
UK landlords British Land and Landsec are looking into an £800m asset swap in a bid to revive their respective share prices.
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NewsIkea closes Russia stores and halts sourcing from Belarus
Ikea has closed its stores in Russia and parent company Ingka Group has paused all imports and exports in and out of the country and Belarus in response to Russia’s invasion of Ukraine.
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NewsFormer Morrisons suitor Fortress lines up £5bn bid for petrol forecourt giant
The US private equity giant that failed in a £7bn bid for Morrisons is now setting its sights on petrol forecourts operator Motor Fuel Group (MFG).
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NewsNumber of vacant shops falls for first time since 2018
The overall store vacancy rate across the UK improved in the final quarter of 2021 as the number of vacant stores declined for the first time since the start of 2018.
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NewsMorrisons takeover faces deeper CMA probe over petrol competition concerns
Morrisons’ takeover by US private equity giant Clayton, Dubilier & Rice (CD&R) will face further scrutiny by the competition watchdog amid fears over petrol prices.
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NewsWHSmith shareholders revolt over executive bonuses
WHSmith has been hit by a shareholder revolt over plans to pay a £550,000 bonus to its chief executive Carl Cowling.
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NewsWHSmith Christmas sales slide as retailer eyes travel sales resurgence
WHSmith has recorded a fall in sales over the Christmas trading period but has stressed it does not expect the Omnicron variant to derail its travel sales recovery.
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NewsTycoon Paphitis urges rates reform as strong Christmas follows annual loss
Theo Paphitis has called on the government to “grasp the business rates nettle” as he gave an update on Christmas trading and Ryman posted its first annual loss in more than two decades of his ownership.
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NewsFootfall slumps in post-Christmas week despite New Year’s Eve uplift
Footfall to retail destinations slumped in the week following Christmas despite an uptick in traffic on New Year’s Eve.
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NewsNew Selfridges owners plan to add hotel and apartments to Oxford Street flagship
Selfridges’ new Thai and Austrian joint owners are planning a revamp of its Oxford Street flagship that would include an upmarket hotel and food hall.
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NewsBoxing Day footfall down as Omicron nervousness takes hold
Boxing Day shopper numbers were steeply down on a two-year basis as consumer caution about the spread of the Omicron variant prompted many to stay at home.
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NewsLandsec ups stake in Bluewater as retail values and rents stabilise
Institutional landlord Landsec has upped its stake in shopping centre Bluewater and agreed to sell a share to co-owner M&G as Covid continues to stabilise retail values and rents.
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NewsExclusive: Majestic Wine quits Calais as Brexit booze rules hammer sales
Majestic Wine is calling time on its business in Calais after Brexit regulations decimated the traditional ‘booze cruise’.
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NewsJysk sales surge as homewares boom drives further store expansion
Danish furniture and home furnishings chain Jysk has recorded a surge in full-year sales despite lockdown restrictions as the retailer gears up to increase its UK store footprint by half.
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NewsGrocers accused over high fuel prices
Motoring organisation the RAC has attacked retailers such as the big grocers for allegedly failing to pass on lower petrol prices to consumers.
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NewsSelfridges set to be sold to Thailand’s Central Group
Selfridges owners the Weston family have reportedly agreed to sell the department store chain to Thailand’s Central Group, with hopes for the deal to be completed by the end of this year.
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NewsBlack Friday footfall drops on high streets for first time as card transactions soar
The latest Black Friday data shows that while footfall fell on high streets for the first time ever, overall card transactions exceeded pre-pandemic totals.
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NewsBlack Friday spending expected to soar despite fewer deals
Shoppers are set to splurge this Black Friday, with experts predicting this could be the biggest shopping event in the UK yet despite a lack of deals.
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NewsM&S wins approval for Oxford Street store redevelopment
Marks & Spencer’s plans to rebuild its Oxford Street flagship have received the green light from Westminster City Council.