Aviva push into rented housing
Aviva’s plan to push into Britain’s rented housing market highlights a structural shift in the country’s letting market at a time of acute housing shortage. The insurer, which is in advanced negotiations with one of the UK’s largest social housing providers, is the second such investment by a large financial institution in the past six weeks. A deal with A2Dominion – which owns 34,000 houses in and around London – could see Aviva take control of thousands of homes in London and the southeast of England.
Top hedge funds bet on Greek banks
Some of the world’s leading hedge funds are pouring money into the Greek banking sector in expectation of huge potential returns, even as the country struggles to right its economy in the face of deep government spending cuts.
Heathrow to U-turn over flights
Heathrow airport is preparing for a U-turn by dropping its support for contentious arrangements that would increase its number of flights by allowing aircraft to take-off and land on runways simultaneously.
Peer-to-peer loans hit £500m
Websites that link borrowers and lenders directly are on the brink of hitting £500m in loans in Britain — and the industry’s leaders believe that they pose an increasing challenge to the big high street banks.
Dixons narrows focus at PIXmania
Dixons Retail has moved a step closer to restructuring its troubled PIXmania division with the sale of a photo-printing business.
The Daily Telegraph
Questions over Microsoft boss future
A hostile reception to Microsoft’s Windows 8, heralded as the start of “a new era” for the technology empire, has prompted questions about chief executive Steve Ballmer's future.
Tycoon pays £1m for Lotus F1 stake
Andrew Ruhan, one of Britain’s most successful property investors, has bought a two per cent stake in the Oxfordshire-based Lotus Formula One team for an estimated price of £1m.
THE WALL STREET JOURNAL
Chrysler recalls thousands of Jeeps
Chrysler is recalling 469,000 Jeeps because the cars can shift into neutral without warning on startup. The problem has caused 26 crashes and two injuries.
Australia revises Swiss tax deal
Australia has worked out a revised tax treaty with Switzerland that will give authorities new powers to target millionaire tax evaders, as the government scrambles to shore up its budget ahead of elections in September.