High street landlords hold a weak hand at the CVA poker game

Owners could pay more into their ailing businesses instead of calling landlords for rent cutsSir Philip Green, a near-billionaire with a superyacht, couldn’t afford to pay his rent. Nor, it seems, can Peter Simon, a half-billionaire whose preferred lux…

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Carphone’s reputation takes a hit from £29m fine for mis-selling | Nils Pratley

Watchdog’s finding is a terrible blow for a business built on the idea that it’s the punter’s friendRemember those sunny days of 2014 when the managements of Dixons and Carphone Warehouse unveiled their “genuine” merger of equals? The fit was perfect, …

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Companies press Brexit panic button in further blow to Theresa May

P&O opts for Cypriot flag, Sony confirms HQ move and Pets at Home stockpiles cat foodThe scale of no-deal panic gripping major companies has been thrown into sharp focus by a series of damage-limitation announcements, as corporate Britain signalled…

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Bank of England stages day of war games to combat cyber-attacks

Spate of data breaches in financial sector prompts voluntary exercise to test resilienceThe Bank of England (BoE) is staging a day-long war gaming exercise on Friday designed to test the resilience of the financial system in the event of a major cyber-…

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The Bank is betting on strong GDP for August interest rate rise | Nils Pratley

Anything less than 0.4% for the second quarter could spell yet another embarrassing delayHere we go again. The Bank of England has restarted its drumroll in preparation for a rate hike. Andy Haldane, the Bank’s chief economist, has joined the rate-rise…

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