Lounge Lizards Baby Love and Buddy Love take it easy at an outdoor café in Beverly Hills in California (Source: The Telegraph).

Britain has had a mixed week in Europe.  Tottenham secured a crucial away goal in their Europa league away tie with Fiorentina;  Manchester United were humiliated at the hands of Danish minnows FC Midtylland (edging boss Louis Van Gaal ever closer to the exit door); and David Cameron secured an 11th hour deal in Brussels that he believes secures Britain "special status" within the EU.  The true verdict on the Prime Minister's settlement will only be delivered on 23 June when voters get to decide whether we are "in" or "out".  Until then it is time to sit back and watch the debate unfold.  The battle lines have at least now been drawn...       

It has been a turbulent start to the year for the REIT sector in the UK, as indeed it has elsewhere around the globe.  However,  shares in industrial specialist Segro plc have remained remarkably resilient, outperforming the REIT sector average by 13%.  The company, which released its full 2015 results on Friday, saw its NAV increase by 21% over the year, strong earnings growth, and a fall in vacancy to a record low of 4.8%.  Segro has benefited from improved sentiment towards the distribution sector and has a clear strategy going forward.  Recent office disposals, allied to this week's deal with developer Roxhill, demonstrates that the company is now focused on growing its presence in the big box logistics sector where there is growing demand from retailers for their online distribution.  The biggest of these retailers is Amazon who are rumoured to be close to agreeing terms for Roxhill's 600,000 sq ft shed in Tilbury as part of its plan to cut delivery times to customers from days to hours, and in some cases minutes!  The retailer now offers its "Prime" customers one hour delivery on 15,000 products.  As Amazon continues its quest for online retail domination, Segro will certainly be one of the developers standing by to help.

If, like the editorial team at The Weekly, an overnight business trip means a night on a friend's sofa-bed, or the sparser comforts of a Premier Inn, then you may find PwC's publication on the London hotel market revealing.  The Capital is currently undergoing an unprecedented hotel building boom with the number of hotel rooms increasing from 129,000 in 2013 to 149,000 today.  As you'd expect, the majority of hotel room take-up is fuelled by international visitors (London receives more than any other city in the world).  However, a review of the numbers shows that tourist spending stagnated in 2015 with many visitors opting for cheaper European alternatives.  On the other hand, spending by London's business travellers was up 7% on the previous year.  So whilst, cost conscious tourists are increasingly turning to the likes of Airbnb to keep down their holiday costs, the business community are left propping up the smart new hotel bars - with drinks on expenses of course!

Comment