Restaurant Group (RTN) to close up to 90 sites. Frankie & Benny’s and Chiquito chains to bear the brunt of closures as consumers shun casual dining chains.
Blackstone buys student flats for £4.7bn in UK’s biggest private property deal. Investors are flooding into private student housing as supply fails to keep up with demand.
Pressure mounts on Intu Properties (INTU) as lenders say it must raise £1.3bn. Owner of shopping centres including Lakeside is struggling under debts of almost £5bn.
Serco Group (SRP) reaches ‘escape velocity’ from past mishaps. Outsourcer finally moves on from huge writedowns as revenues start to rise and the dividend is restored.
