PM pressures developers on 'landbanking'

The Government is exerting pressure on developers to prevent so-called “landbanking” and boost housebuilding, the Communities Secretary has signalled. Sajid Javid claimed both large and small developers “well understood” the Government’s concerns over successful planning applications not always resulting in new homes, as firms sit on land. The Cabinet …

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Sainsbury's to cut 2,000 jobs in cost-saving drive

Sainsbury’s has said it will cut up to 2,000 jobs from its human resources staff as part of plans to reduce costs.The UK’s second biggest supermarket chain says the “difficult decision” will affect roles in stores, as well as in the company’s central offices.It plans to make 1,400 payroll …

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Ministers to meet bosses amid Brexit fears

Ministers will hold talks with City and business leaders on Wednesday amid mounting concerns about the absence of a Brexit transition deal. Sky News has learnt that Liam Fox, the International Trade Secretary, will hold a meeting with the heads of five major business organisations, including the CBI, the …

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How do you solve a problem like debt? Your questions answered

Is debt getting on top of you? Not sure how to pay off your credit card? Borrowing on loans, overdrafts, credit cards and car finance has accelerated since 2011.On top of that, the chief executive of the Financial Conduct Authority has warned of a “pronounced” build up of debt …

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Goldman Sachs results beat forecasts despite bond trading hit

US banking giant Goldman Sachs has reported a fall in third-quarter profits following a further fall in bond trading revenue.However, the 26% drop in bond trading revenue was smaller than expected, following a slump of 40% in the second quarter. Goldman’s net income for the quarter fell by 3% …

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Legoland owner warns of terrorism impact to its profits

Shares in Legoland-owner Merlin Entertainments have plunged after the company said recent terrorist attacks had continued to hit visitor numbers.Merlin, which also runs Alton Towers, said “record levels” of attacks in Europe during the summer – its peak trading season – slowed revenue growth to just 0.3% compared with …

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