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Hammerson sells retail parks to Brookfield in £330m deal

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Commercial landlord Hammerson has sold its last remaining retail parks to a Canadian investor for £330 million. The company said its Middlesbrough and Falkirk sites...

Card Factory strikes £225m refinancing deal as sales beat expectations

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Card Factory has said initial sales have “exceeded expectations” since reopening stores as it completed a £225 million refinancing deal. However, shares in the company...

JD Sports to buy majority stake in Spain’s Deporvillage in £120 million deal

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JD Sports is set to buy a majority stake in Spanish retailer Deporvillage in a deal worth about £120 million (140.4 million euros). Shares in...

Business rates plans will make appeals more onerous and expensive, advisers warn

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The Government’s latest proposals for business rates reform will create more difficulties for businesses launching appeals than benefits, property consultants have warned. Experts at real...

Morrisons takeover battle goes to auction showdown

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The battle to buy supermarket Morrisons will go to an auction process, the stock market’s Takeover Panel has confirmed. Private equity giants Fortress and Clayton,...

Lidl sets target for 1,100 UK stores

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Supermarket Lidl has revealed its attempts to dominate large swathes of UK high streets will continue at pace with the creation of 4,000 new...

Marks and Spencer eyes strong Christmas sales despite Omicron impact

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Marks & Spencer is expected to reveal its strongest Christmas in years as investors look for further signs the retail giant has turned a...

Shaftesbury announce major acquisition in heart of Soho portfolio

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Shaftesbury, the Real Estate Investment Trust which owns a 16 acre portfolio in London’s West End, announces that it has acquired a 200 year...

UK contactless limit could be raised to £100

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The upper limit on contactless payments could be increased to £100. You can currently touch and pay with Contactless for amounts up to £45 without...

Tui plans 48 more high street store closures

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Tui is planning to close 48 more retail stores in the UK. The UK’s biggest tour operator said the travel industry and the high street...