If you would like to receive the daily Market Report by email please fill out your name and email address in the sign-up form below and you will be added to our mailing list.
Thursday,09 June 2022 at 16:00
John Lewis Partnership
has named the first three locations for its move into housing as part of its
plans to build 10,000 homes in the next ten years.
The retailer plans to build on Waitrose shops in Bromley and West Ealing in
Greater London and to demolish a John Lewis warehouse in Mill Lane, Reading.
John Lewis first
announced its plans to move into housing in February 2020, shortly after Dame
Sharon White took over as chairwoman, but it took until last July to set out
its clear intentions and a further year to submit planning applications on
The retailer said that the rental homes would be built for different sized
households, ranging from studio flats to four-bedroom houses, and short and
long-lease tenants would have the option to have their homes furnished by John
UK and European
stocks fell sharply after the European Central Bank
confirmed plans to begin hiking interest rates in July, while downgrading its
growth forecasts and raising inflation projections.
U.S.stocks extended losses as
bond yields charged forward.
Oil prices dipped
but still hovered near three-month highs.
Gold priced lower.
At the close
FTSE 100 7,476 (-1.54%)
FTSE 250 20,073 (-1.17%)
DAX 14,198 (-1.71%)
Dow Jones 32,770 (-0.41%)
S&P 500 4,096 (-0.45%)
NASDAQ 12,033 (-0.44%)
UK 10-YR YIELD 2.326
Gold $1,845 (-0.44%)
Brent $123.47 (-0.15%)
Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.