Business
Number of real estate firms in ‘significant financial distress’ rises by nearly a fifth
True impact of coronavirus will only become apparent in the autumn, says insolvency firm
Fairway’s resi fund snaps up £70m-worth of PCL property from Grosvenor, as blue chip investors look for a safe haven
"In macro-economic terms, Covid is just about as bad as it gets," says Leconfield and Fairway Capital founder George Brooksbank.
Berkeley appoints Barker as temporary chairman
Former PWC man Glyn Barker to lead the FTSE 100 housebuilder for ‘up to two years’ as the search begins for Tony Pidgley's long-term successor.
Knight Frank to cut staff numbers amid ‘extreme circumstances’
Tough decisions are being made to futureproof the business, says chairman Alistair Elliott
Bold & Reeves moves into the USA with LA partnership
Los Angeles-based luxury estate manager Mister Peele has licensed Bold & Reeves' proprietary property management software platform.
Countrywide enlists headhunters to ‘hunt for a new boss’
Sky News has reported that Countrywide Plc is searching for a new Chief Executive to replace Paul Creffield, and that Chairman Peter Long will also "step back" at some point.
Building Safety Bill promises ‘the biggest changes to building safety for nearly 40 years’
The Government has published a draft of its Building Safety Bill, including details of the New Homes Ombudsman.
14 key principles for licensed estate agents: Future RoPA Code of Practice opens for consultation
“The new code of practice will look to set standards at a higher level than currently legally set," says steering committee leader Baroness Hayter.
Around 90% of estate agency branches have now reopened
Only about half of high street business have re-opened since the Coronavirus lockdown, says The Local Data Company, but 88% of estate agency branches had opened their doors by the start of July.
Blick Rothenberg names new CEO
Tax firm Blick Rothenberg has appointed one of the youngest financial services CEOs in the country.
Purplebricks offloads Canadian business for £35m
Purplebricks is refocusing on its domestic UK market "where there is substantial opportunity to grow its market-leading hybrid model."