The Fed comes up with an interest rate cut that will please nobody | Larry Elliott

Donald Trump has been pushing for it, but the real problem lies with the man in charge – Jerome PowellDonald Trump got less than he wanted. Wall Street was unimpressed. Both the White House and the financial markets see the first cut in US interest rat…

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Philip Green’s Topshop rescue deal still stands a chance | Nils Pratley

Intu may just say no to Arcadia’s CVA rent cuts but other waverers may fall into lineWe wait to see if, when push comes to shove, the holdout landlords really will vote against Arcadia’s demand for rent cuts for a second time. Intu is determined to say…

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Sports Direct deal saves four House of Fraser stores

Agreement with shopping centre firm giant saves 1,000 jobs across four stores, sportswear chain saysFour House of Fraser stores have been saved after Sports Direct struck a deal with the shopping centre giant Intu.The department stores in the Norwich, …

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