Westfield Shopping Centres Bought in $25bn Deal

The owner of Westfield shopping centres is being bought for $24.7bn (£18.5bn) in a deal which will see the malls launched in new markets. French property group Unibail-Rodamco is offering $7.55 a share for the Australian business. Westfield Corporation has 35 shopping centres in the UK and the US while Unibail-Rodamco has 71 sites in

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Factory Activity Accelerated in November

UK manufacturing activity grew at its fastest pace in more than four years last month, according to a closely watched survey. The Purchasing Managers’ Index index compiled by IHS/Markit hit 58.2 in November, the best level in 51 months. The report said exports played a “big part” in the expansion. Separate official data showed that inflows

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Summary of Budget 2017: Key Points at-a-Glance

Stamp Duty and Housing Stamp duty to be abolished immediately for first-time buyers purchasing properties worth up to £300,000 To help those in London and other expensive areas, the first £300,000 of the cost of a £500,000 purchase by all first-time buyers will be exempt from stamp duty, with the remaining £200,000 incurring 5%. 95%

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Retail sales bounce back in April thanks to sunny Easter

Good weather and Easter spending contributed to a rise in retail sales in April, following a short period of contraction in March. Overall sales by value grew 7% year-on-year, and 1.9% on last month, Office for National Statistics (ONS) figures showed. The expectation-busting return to growth in UK consumer spending, combined with Trump’s firestorm, has

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UK firms ‘struggling to recruit staff’

UK firms want to recruit more workers but cannot find or afford the right staff, a survey has found. The British Chambers of Commerce (BCC) spoke to 7,300 businesses in the manufacturing and services sectors, and found the percentage seeking to hire had grown by up to 9% in the last quarter. But most also

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