DAILY REVIEW: Easyhotel buys a plot in Cardiff with planning permission for a 120-room site
City and Finance Reporter for the Daily Mail
The operator of the budget hotel Easyhotel bought a site in Cardiff
HOTEL CARDIFF The operator of the budget hotel Easyhotel has purchased a site in Cardiff and has planning permission in Fitzalan Place for a 120-room hotel that will open in 2019-20.
IRISH TIES British lawyers have rushed to register in Ireland to continue serving foreign clients after Brexit and now represent more than 9 percent of all those listed in Ireland. It means that they should not face interruptions and will not have to open offices abroad.
SURVEY OF BENEFITS Tritax Big Box warehouse investment fund released earnings of £ 107.1 million for the first half of 2018, an increase of 33 percent in the same period last year. The provisional dividend rose 4.7 percent to 3.35 p per share.
STARTING DEFICIT The black hole of pensions in Britain's 350 largest listed companies declined by £ 27 billion over the past 18 months, says consultant Barnett Waddingham. Now they have a collective pension deficit of £ 35 billion due to better market performance and a life expectancy that is increasing more slowly than previously thought.
TRIUMPH OF OFFICES Plumbers, builders and electricians are reporting stronger levels of confidence about their future workloads. The retailer Screwfix claims that the merchant was busier than expected in May and June. His survey of 500 workers revealed higher levels of confidence than a year ago.
BOSS OFF Des Crowley, the British head of the Bank of Ireland Group, the oldest Irish bank, will resign next year after more than 30 years there. He will remain a senior executive until his retirement.
DISASTER PAYMENT Miner BHP will pay £ 38 million to resolve a class action lawsuit by holders of depositary receipts in New York for the disaster of the Samarco dam in Brazil in 2015, with no admission of liability.
GOLD BOON London's largest miner, Randgold Resources, said production increased 9 percent during the quarter to 313,302 ounces of gold. It was sold for an average price of £ 1,007 per ounce.
ON BOARD Lucinda Bell, non-executive director of component manufacturer FTSE 250 Rotork, has been named non-executive director of Derwent London, the real estate group FTSE 250.
DIAMOND SALES Lucara Diamond Corp, based in Canada, sold 12 diamonds worth more than £ 775,000 in the second quarter.