Bloomberg National Grid Plc shares dropped the most in more than a month after it unveiled a decline in adjusted operating profit as the UK network operator rebuffed proposals to nationalise energy assets. The nationalisation proposals “are only going to cause a huge amount of disruption,” Chief Executive Officer John Pettigrew said in an interview. It’s “the last thing you ...

Bloomberg US new-home construction rose for a second month and topped estimates in April in a sign of positive momentum for the housing sector at the start of the second quarter. Residential starts increased 5.7% to a 1.24 million annualised rate after a 1.7% gain in March that was previously reported as a drop, according to government figures. Permits, a ...

Bloomberg For London office developers at least, the Brexit waiting game is over. Developers mostly steered clear of doing new projects on spec in the political upheaval that followed the UK’s 2016 vote to leave the European Union. Now the surprising resilience of London’s office market, highlighted by technology giants like Alphabet Inc. committing to open new bases in the ...