News

MORNING NEWS: Travelodge at crunch point as Westferry questions grow

News

Piers Wehner

15 June 2020

Good morning. Let’s have a look at the news and then then do some non-essential shopping.

A group of landlords is planning to scotch Travelodge’s planned CVA(£), unless Goldman Sachs et al give firm assurances over a £40m cash injection.

Meanwhile TM Lewin(£) has become the latest retailer to roll up its sleeves in the fight over rents.

And unpaid rents pose a huge risk to the wider economy, says The FT (£).

Labour is calling for an urgent investigation(£) into what the PM knew about the Westferry planning scandal. Housing secretary Robert Jenrick faces a grilling today a departmental questions (assuming he turns up this time…)

Britain’s economy will shrink by 8% this year(£). That’s more than EY thought last month, but it now thinks things will rebound quicker too.

Although, the PM’s attempt(£) to raise the spectre of no-deal Brexit could kill that hope off, says the WTO(£).

The WHO (health body, not band) meanwhile, are concerned about Boris’s review(£) into cutting the 2m social distancing(£) rule to “one metre, even a foot”.

Nervous shoppers could be tempted back to stores with a VAT cut(£)…

… The FT (£) has a look at how Camden Market is likely to fair without the tourist hordes…

… As retail footfall was down 82% in May, with shopping centres feeling the worst of the lockdown.

Hammerson’s chair David Tyler(£) is to step down, with former Land Secs chief Rob Noel tipped to replace him.

Meanwhile, Penny Hughes(£) has been named as the new chair of Goldman Sachs-backed retirement property developer Riverstone.

The housing market(£) may have bounced back after all, says Rightmove.

An extra £11bn a year(£) could be raised, if the UK introduced a US style “alternative minimum tax”(£)...

… And the government should create pension superfunds(£) to meet its infrastructure pledges.

The protests sweeping the world in the wake of the killing of George Floyd are as much about cities as they are within cities, says Dror Poleg. We have a chance to change that.

It seems apt that the call comes on the three year anniversary(£) of the Grenfell Tower tragedy.

Good morning. Let’s have a look at the news and then then do some non-essential shopping. A group of landlords is planning to scotch Travelodge’s planned CVA(£), unless Goldman Sachs et al give firm assurances over a £40m cash injection. Meanwhile TM Lewin(£) has become the latest retailer to roll up its sleeves in the fight over rents. And unpaid rents pose a huge risk to the wider economy, says The FT (£). Labour is calling for an urgent investigation(£) into what the PM knew about the Westferry planning scandal. Housing secretary Robert Jenrick faces a grilling today a departmental questions (assuming he turns up this time…) Britain’s economy will shrink by 8% this year(£). That’s more than EY thought last month, but it now thinks things will rebound quicker too. Although, the PM’s attempt(£) to raise the spectre of no-deal Brexit could kill that hope off, says the WTO(£). The WHO (health body, not band) meanwhile, are concerned about Boris’s review(£) into cutting the 2m social distancing(£) rule to “one metre, even a foot”. Nervous shoppers could be tempted back to stores with a VAT cut(£)… … The FT (£) has a look at how Camden Market is likely to fair without the tourist hordes… … As retail footfall was down 82% in May, with shopping centres feeling the worst of the lockdown. Hammerson’s chair David Tyler(£) is to step down, with former Land Secs chief Rob Noel tipped to replace him. Meanwhile, Penny Hughes(£) has been named as the new chair of Goldman Sachs-backed retirement property developer Riverstone. The housing market(£) may have bounced back after all, says Rightmove. An extra £11bn a year(£) could be raised, if the UK introduced a US style “alternative minimum tax”(£)… … And the government should create pension superfunds(£) to meet its infrastructure pledges. The protests sweeping the world in the wake of the killing of George Floyd are as much about cities as they are within cities, says Dror Poleg. We have a chance to change that. It seems apt that the call comes on the three year anniversary(£) of the Grenfell Tower tragedy.