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UK manufacturing growth ebbs as new orders slow

Bloomberg UK manufacturing growth slowed more than expected last month, casting doubt on the strength of the economy as Bank of England policy makers hold their crunch meeting. IHS Markit’s Purchasing Managers Index for the industry fell to a three-month low of 54 in July, from 54.3 in June, the firm said in a report. The reading was below economists’ ...

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White House not weighing capital gains tax change

Bloomberg The White House isn’t actively considering the Treasury Department’s push to issue a rule that would slash tax bills for investors who have investment income, according to a person familiar with the discussions. Treasury Secretary Steven Mnuchin told the New York Times earlier this month that his agency was looking at whether it could sidestep Congress to allow capital ...

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Avison Young acquires UK firm Wilkinson Williams

Bloomberg Avison Young Canada has bought London-based real estate services firm Wilkinson Williams LLP, its first deal since receiving a $190 million investment by a big Canadian pension fund earlier this month. Wilkinson Williams represents landlords and tenants across the UK and has acted as an adviser on retail and supermarket leases. Last year, the firm advised clients on investment ...

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