London’s long-awaited run of dealmaking action continued today when Tesco unveiled the sale of its banking operations to Barclays. This week has already seen a proposed tie-up between Barratt Developments and Redrow and DS Smith disclose takeover interest from packaging rival Mondi. In the latest sign of an upturn in confidence in the housebuilding industry, Bellway today reported an improvement in reservations so far this year.
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