- Evening Standard
Asda to enter London property market with huge housing development plan
Asda today became the latest supermarket to enter the London property market after unveiling plans for a huge 1500 home development in Park Royal. The plans, which were put together in partnership with housebuilder Barratt, will feature a series of high-rise tower blocks sat on top of a new 60,000 square foot flagship Asda Superstore and up to 400 car parking spaces. It follows a similar move by John Lewis in 2022, with the retailer submitting plans to build a 24-storey tower on top of its Waitrose shop in Bromley, alongside a nineteen-storey block to provide 353 new homes.
- The Wall Street Journal
Stocks to Watch Monday: Apple, SoftBank, Zeekr
🔎 **Apple (AAPL)**: Workers at a unionized store near Baltimore voted to authorize a strike as contract talks with the iPhone maker continue. If they do strike, it would be the first walkout by Apple employees in the U.
- Reuters
India's Tata Motors sinks most in 2 years on JLR margin concerns, demand worries
India's Tata Motors' shares fell 8% on Monday, their biggest slide in over two years, over concerns of muted margin growth at its Jaguar Land Rover division, while the unit said it would have to ramp up spending amid slowing global demand. Its shares have more than doubled in 2023 and are up 86% over the last 12 months after a turnaround at JLR, the company's British luxury unit, helped India's No. 3 carmaker return to profit. JLR on Friday said it sees margins on earnings before interest and taxes (EBIT) for fiscal 2025 similar to the 8.5% it had reported for the previous financial year, adding that it would need to spend more to attract customers, without providing details.
