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Tesco to sell £217mn Dobbies garden chain

  London / Bloomberg Tesco Plc agreed to sell its Dobbies Garden Centres chain for 217 million pounds ($309 million) as the U.K.’s biggest retailer continues to sell peripheral assets to focus on reviving its main supermarket business. Dobbies, which operates 35 garden-center stores across Scotland, England and Northern Ireland, will be bought by an investor group led by Midlothian ...

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India plans to convert rural roads into runways

  New Delhi / Bloomberg India is proposing to convert some of its remote rural roads into runways, both for defense and commercial planes, as part of Prime Minister Narendra Modi’s plan to connect the nation’s 1.3 billion people. “We can close road traffic when a plane lands and open once the plane has taken off,” Nitin Gadkari, the transport ...

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San Francisco’s realty mkt bursts at seams

  Bloomberg After four years of crammed open houses, heated competition and dizzying price gains that sent the median cost of a home to $1.2mn, San Francisco’s real estate market is starting to lose steam. The inventory of luxury homes is at a record high. A smaller share of deals have bidding wars. Rent growth for large and upscale apartments ...

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