MORNING NEWS: Takeover targets and plunging profits

In the news this morning, challenging market conditions for prime London real estate take their toll on Marsh & Parsons. Click here for EG’s exclusive on the high-end agent’s restructuring.

From the nationals, a report on plunging profits at Mike Ashley’s investment company and City chatter about JLL’s deal-making ambitions suggests Savills as a potential target.

Also today:

NEWS ROUND-UP: Pi Labs selects next cohort of proptech start-ups

Bank of America says no going back on its $400m plans for Brexit move

Premier Inn owner Whitbread to expand stock buyback scheme by £2bn

Countrywide profits halved in 2018 as debt burden takes toll

Failed Garden Bridge project to receive extra £5.5m from public purse