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Derwent London sells 75 Wells Street for £41m
Derwent London has sold its long leasehold interest in 75 Wells Street, London W1, to a private investor for £40. 9m before costs.
Greene King hails 'strong start' to year but warns over Brexit impact
Pub company Greene King said it has made a strong start to the year, with like-for-like sales growth of 1. 7% in the 18 weeks to 4 September, but sounded a cautious note on the impact of the Brexit vote.
London pre-open: Stocks seen lower as investors mull China data, ECB
London stocks were expected to open a little lower on Friday following the release of Chinese inflation figures, as investors continued to mull over the European Central Bank’s announcement.
Wetherspoons grows full-year earnings, Mediclinic progresses Al Noor Hospitals integration
London open.
Friday newspaper round-up: Free movement for bankers, Budget, HMRC
It is often argued that Germany was the great winner from the launch of the euro. The argument is simple: the single currency is relatively weak, while the deutschmark was very strong. So by joining the euro, Germany locked in a much lower exchange rate, making it permanently more competitive and helping it export a lot more. Had Germany retained the mark, it could well have ended up as a safe haven refuge currency, rocketing like the Swiss franc and choking German manufacturers.
US close: ECB reticence sours Wall Street
US stocks finished in the red Thursday as the European Central Bank disappointed the market, by saying it hadn’t discussed further quantitative easing at this month’s policy meeting.