London house prices fall for first time in eight years as rest of UK rises

Average price of home in capital is £471,761, down 0.6% between July and September compared with same period last year

Christie’s reports soaring sales of £10m-plus art

Auction house is boosted by Asian demand as well as lots including £44m Brancusi and £36m Beckmann in first half of year

Jaguar Land Rover posts record sales thanks to demand in China and US

UK’s biggest car manufacturer sold 604,009 vehicles in 12 months to end of March, the most in its 95-year history

Jaguar Land Rover pledges ‘heart and soul’ to UK as new model debuts in Solihull

Range Rover Velar is third model in two years to be launched at West Midlands plant, which employs about 10,000 people

Burberry sales leap 40% as weak pound draws overseas shoppers

Shoppers travel from all regions of the world to stock up on luxury goods as sterling’s fall makes money go further

Why global recovery could depend on China’s taste for luxury

Attitudes are changing in China, but western export hopes are pinned on a swelling middle class embracing its inner consumer