BUSINESS LIVE: 888 profits slump; Inland Homes in administration; Deliveroo £250m buyback

Lloyds Bank is attempting to lure customers to the DIY investment space with the launch of its ETF Quicklist.

The bank has partnered with BlackRock to put together a list of 16 iShares ETFs for investors.

London’s office market is in a ‘rental recession’ with empty space across the capital’s traditional business districts at a 30-year-high, according to a report.

Analysts at Jefferies estimated that office space in use across the City, West End and Canary Wharf has shrunk as much as 20pc.

Deliveroo plans to return up to £250million to its shareholders via a premium tender offer launching on Friday.

The food delivery group, which first outlined the plan to return the surplus capital to shareholders in August, said it plans to buy up to 217.4million existing ordinary shares for between 115p and 135p per share.

Gambling giant 888 Holdings has lowered its annual profit expectation after sales slumped by 10 per cent in the third quarter, which the firm partially blamed in tighter regulation of the sector in the UK.

Lord Mendelsohn, executive chair, said:

‘This has been an important quarter for the business with the announcements of Per Widerström as our new CEO and Sean Wilkins as our new CFO, who I am very confident will lead the business through its next phases of growth and I look forward to Per starting as CEO in mid-October.

‘We are making significant strides to improve the quality and long-term sustainability of our revenues, but performance in Q3 has been below our expectations, and this means we now expect to end the year with EBITDA below our prior expectation.’