L&Amp;Q

Five large housing associations in England have had their credit ratings downgraded by ratings agency Standard & Poor’s (S&P). L&Q, Hyde, Notting Hill Genesis and Guinness all saw their ratings decreased from A+ to A as S&P highlighted increased sales risk at the associations.

L&Q has completed a deal to buy a private land business worth around £505 million in the largest commercial acquisition by the non-profit sector. The charitable housing association, which owns 90,000 homes across London and the South East, has acquired Gallagher Estates which controls plots to

Peabody and Family Mosaic housing associations have agreed to merge to create a new organisation with combined assets worth £6 billion. Subject to a number of consents and to the views of residents, the merged housing association, which will be named Peabody, will be responsible for 55,220 homes ac

Housing associations L&Q and the Hyde Group have agreed to abandon their merger plans after months of negotiations.