Sainsbury’s and British Land sell 12 superstores to US firm for £492m

Deal comes amid continued economic uncertainty and a sharp rise in online salesSainsbury’s and British Land have sold 12 superstores to a US property investment company for £492m, amid a struggling retail property market.The sale to San Diego-based Rea…

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Rising risk of US and China housing slump causing recession – IMF

Concern that overvaluation, low interest rates and loose lending will affect stabilityA growing number of homes in the US and China are teetering on the brink of a price slump that would drag their economies into a recession, the International Monetary…

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