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Dozens of former WH Smith stores face closure, putting thousands of jobs at risk
NACHRICHT
06.05.2026

Dozens of former WH Smith stores face closure, putting thousands of jobs at risk

New owner Modella Capital, which rebranded shops to TG Jones, blames weak consumer spending Dozens of former WH Smith stores are likely to close, putting thousands of jobs at risk under a radical restructuring plan by their new owner, which had rebranded the shops to TG Jones,The investment company Modella Capital, which bought WH Smith’s chain of 480 high street stores for £76m last year, blamed “weak consumer spending” as it set out the plan to landlords on Wednesday. Continue reading...

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Guardian Business
Up to 150 former WH Smith stores face closure, putting thousands of jobs at risk
NACHRICHT
06.05.2026

Up to 150 former WH Smith stores face closure, putting thousands of jobs at risk

Modella Capital, which rebranded shops as TG Jones, unveils major restructure and is seeking rent holidaysUp to 150 former WH Smith stores are likely to close, putting thousands of jobs at risk under a radical restructuring plan by their new owner, which had rebranded the shops as TG Jones.The investment company Modella Capital, which bought WH Smith’s chain of 480 high street stores for £76m last year, blamed “weak consumer spending” as it set out the plan to landlords on Wednesday. Continue reading...

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Guardian Business
The Guardian view on the Renters’ Rights Act: finally, protections fit for the modern housing market | Editorial
NACHRICHT
05.05.2026

The Guardian view on the Renters’ Rights Act: finally, protections fit for the modern housing market | Editorial

The rising number of private renters in Britain have for too long put up with chronically insecure tenancy agreements and poor conditionsThe defining trend in British housing in recent decades has been towards private renting. The sector in England nearly doubled in size between 2004 and 2013. By 2023 almost two-fifths of households were either renting privately or socially. Meanwhile, the dream of home ownership has steadily eroded: 39% of 25- to 34-year-olds owned their home in 2023, 20 percentage points lower than the peak (59%) in 2000. Many younger adults now rent from a private landlord as the default, and expect to do so for the rest of their lives.Which is why the introduction of the Renters’ Rights Act is important. Until last week, landlords could evict a tenant for requesting a reasonable repair, or challenging a rent hike. A poll in 2023 for the charity Shelter found that tenants who complained to their landlord or local authority were 159% more likely to be served a no-fault eviction notice than those who did not. The fear was that complaints could cost tenants their homes. It was customary for landlords to pre-emptively evict tenants if they wanted to raise rents. Continue reading...

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Guardian Business
Claire’s expected to return to UK high streets with about 50 stores from June
NACHRICHT
01.05.2026

Claire’s expected to return to UK high streets with about 50 stores from June

Exclusive: Accessories chain will be reopened in the UK by its operator in France, Austria, Portugal and SpainThe jewellery and accessories chain Claire’s is expected to return to UK high streets with about 50 stores to be reopened from June onwards by the operator of its shops in France, Austria, Portugal and Spain.Julien Jarjoura, the French entrepreneur behind jewellery company Une Ligne, which sells online and via museum stores including the Louvre and the Palace of Versailles, said he had the blessing of the US owner of the Claire’s brand, Ames Watson, to open stores in the UK and was signing new leases with UK landlords. Continue reading...

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Guardian Business
What the Renters' Rights Act means for tenants and landlords
In Entwicklung
Politik·30.04.2026KI-Zusammenfassung

What the Renters' Rights Act means for tenants and landlords

The Renters' Rights Act, coming into force on 1 May 2026, bans fixed-term tenancies in England, replacing them with rolling contracts. The legislation eliminates no-fault Section 21 evictions, requiring landlords to have valid legal grounds. Landlords must give four months' notice for eviction (or four weeks for significant rent arrears), while tenants can leave with two months' notice. Rent can only increase once yearly with two months' notice, and discrimination against benefit recipients and families is now illegal.

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BBC Business
What the Renters' Rights Act means for tenants and landlords
In Entwicklung
Politik·01.05.2026KI-Zusammenfassung

What the Renters' Rights Act means for tenants and landlords

The Renters' Rights Act, taking effect 1 May 2026 in England, bans fixed-term tenancies and 'no-fault' evictions, giving 11 million renters greater security. Landlords must now have valid legal reasons to evict with four months' notice, can only raise rent once yearly with two months' notice, and must consider pet requests. Some landlord groups warn of potential delays in removing problematic tenants, while the government invests in court resources.

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BBC News
UK buy-to-let lender shares fall on rent freeze speculation
In Entwicklung
Business·28.04.2026KI-Zusammenfassung

UK buy-to-let lender shares fall on rent freeze speculation

Shares in UK buy-to-let lenders Paragon and OSB Group fell 2.4% and 3.6% respectively on Tuesday after speculation that chancellor Rachel Reeves is considering a one-year rent freeze for private landlords in England to protect households from rising costs linked to the Middle East conflict. The education secretary later said the measure is not actively being pursued, while the Renters' Rights Act comes into force on Friday bringing significant sector changes.

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Guardian Business