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...GIC took a 25 per cent stake in CitizenM five years ago in a deal that valued the business at €2bn including debt....
...Dickie said that because Grosvenor was already a commercial developer, funding construction was “already within our risk appetite” and the company could more easily “take a view on pricing that risk”....
...Michael Gove has launched a legal action to force the landlord of a Canary Wharf apartment complex to pay £20.5mn towards building safety works, as the UK government increases efforts to pursue the owners...
...Earlier this month, UK chancellor Jeremy Hunt announced Canary Wharf Group would receive a £118mn loan from a government housing infrastructure fund to support developing a life-sciences centre, a healthcare...
...I’m Rob Armstrong in New York and I’m joined today by Josh Oliver in London....
...The £500mn was the first part of a £750mn commitment made by shareholders last July, which was subject to the implementation of a new business plan....
...The deal, announced last month, would create a company building 22,000 homes a year with combined revenues of £7.5bn, and comes as developers weather a property market downturn....
...The most recent polls suggest that the UK’s main national political parties would achieve the following vote shares if a general election took place tomorrow: Pollsters also provide data on voting intentions...
...Kingfisher, owner of the B&Q, Screwfix and Castorama DIY chains, has warned that profits will fall again this year, after a 25 per cent drop in the year to January....
...The decision, which was in line with market expectations, comes a day after the US Federal Reserve also kept interest rates on hold....
...Garnier, who has been spearheading a turnaround of the company, said the group had identified around a third of its Castorama stores as the lowest-performing as part of a push to right-size and modernise...
...A cut to the higher rate of property capital gains tax. Extension of sunset clauses on energy profit levy....
...“The housing market seems a lot brighter. It is on the road to recovery,” he said. “It is happening a little quicker than we thought.”...
...The hints of recovery follow a brutal period for developers....
...“It is so difficult to know if that is a good price or not, because it is a unique proposition,” said a person close to the deal....
...“It’s a huge potential clinical breakthrough and so I do think [sales growth is] going to be material”....
...It is a landscape with a rich colour palette: emerald beds of mosses, bright daubs of sulphur-dust lichen, the streak of a dipper above a glass-clear mountain brook....
...Arguably, a substantial part of a CHO’s role is being picked up by traditional HR departments....
...A £250 annual cap has also been mooted as possible compromise....
...Medicare Part D drug benefit plans, which provide coverage for more than 50mn Americans, can cover anti-obesity medications that receive regulatory approval for a separate medical problem, according to new...
...This, he said, would involve a doubling of investment in NHS digitisation and transformation this year....
...Those include delegates from California (169), Texas (161) and North Carolina (74), along with a dozen other states....
...Metro Bank has promised to cut another £30mn off costs, adding to a £50mn plan already in place, as it pushes ahead with its restructuring programme....
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