
Below are the key morning headlines from today's papers, featuring the Financial Times, The Times, The Telegraph, The Daily Mail & more - see the full Press section here.
- The construction sector cooled last month, with housebuilders experiencing a “particularly sharp slowdown” and infrastructure projects drying up, according to a closely watched survey. Researchers also warned that a shortage of skilled workers was affecting the industry.
- Bank of England governor Mark Carney has signalled that he is willing to extend his term on Threadneedle Street by an extra year to help steer the economy through the Brexit transition.
- One of Britain’s biggest housebuilders has called on the Government to spell out the future of its controversial Help to Buy scheme after reports it could be stripped back to focus on those with lower incomes and first-time buyers. Redrow (RDW) chairman Steve Morgan said it would be fine to bar existing homeowners from using the scheme but “madness” to scrap it at a time when the Government is pushing housebuilders to complete 300,000 homes per year.
- The billionaire founder of Amigo Holdings (AMGO) has quit its board less than three months after it completed a £1.3 billion stock market listing. Richmond Group, the investment vehicle of James Benamor, Amigo’s founder, said yesterday that it no longer wished to be represented on the subprime lender’s board, despite its 61 per cent holding in the business.
- Lazy Britons opting for electric bicycles and the popularity of camping products for “staycations” have helped to boost sales at Halfords Group (HFD) . The retailer said that group like-for-like sales had risen by 2.8% in the 20 weeks to August 17 and offered reassurance that it would hit its full-year targets, in contrast with profit warning put out in May. Halfords is expecting to report a profit in line with last year’s £71.6 million.
- Environment minister Michael Gove has blocked an independent oil and gas company from drilling for oil in the Surrey Hills after a ten-year battle with protesters. Mr Gove decided not to renew a permit held by Europa Oil & Gas (Holdings) (EOG) to drill for oil within its Holmwood prospect at Bury Hill Wood, which is due to expire at the end of the month. In response, the oil minnow said it would withdraw its application to drill at the site, which has been dogged by protest from anxious local residents.
- Crispin Odey, the hedge fund tycoon, is expected to turn up the heat on management at Playtech (PTEC) after building a 5 per cent stake in the troubled gaming technology group. Odey Asset Management is believed to have been in contact with Jason Ader, the American activist investor who The Times revealed last week had quietly built a $100 million stake in Playtech. Odey is understood to have held Playtech shares since 2014.


