“The group, owned by fashion retail mogul Sir Philip Green, was expected to announce plans for a CVA last week. However, proceedings have slowed as Arcadia continues to lobby for the requisite approval from 75% of creditors.” – by Grace Whelan
UK
Theresa May loses control of Brexit policy (The Independent)
“Theresa May has finally lost control of Brexit after her deal was once again defeated in parliament by a huge margin on a catastrophic night for her plans.” – by Joe Watts
Navigating Europe in 2019
Themes and Risks Investors in Europe to Consider in 2019
We are nearly 20 years into the new millennium and it is an unrecognizable place compared to when it started. Lehman is gone, Bear Stearns – gone, Merrill Lynch – acquired, Citigroup is a fraction of its former self. Blockbuster, Toys R Us, Woolworths are all part of the history books now. Europe, where we […]
Patisserie Valerie falls into administration as bank talks fail (The Guardian)
“Almost 3,000 jobs at risk at chain plunged into crisis after finding a £40m black hole in accounts.” – by Sarah Butler and Zoe Wood
Brexit vote: EU president says UK remaining is only option (The Independent)
“The president of the European Council has dared British politicians to back remaining in the EU after Theresa May’s Brexit deal was voted down by the House of Commons by a historic margin of failure.” – by Jon Stone
2018 – Never a Dull Moment in Construction (Building – UK)
“There’s nothing new in high-profile projects hitting problems, but it’s hard to dismiss the feeling right now that they are symptomatic of a struggling industry.”
Theresa May survives confidence vote (BBC)
“Prime Minister Theresa May has won a vote of confidence in her leadership of the Conservative Party by 200 to 117. Mrs May is now immune from a leadership challenge for a year.”
May to Delay Vote on Brexit Deal to Avoid Huge Defeat (Bloomberg)
U.K. Prime Minister Theresa May is calling off a crucial vote in Parliament on whether to approve her Brexit deal, according to a person familiar with the situation.
KPMG discusses insolvency split-off (The Times)
The Big Four accounting firms, which also include Deloitte, PWC and EY, have been scrutinised by politicians and regulators over conflicts of interest that could arise from the consulting and advisory work they carry out and after a series of auditing scandals and company failures.
Is the pharmacy the next casualty of the high street? (Essential Retail)
Should retail pharmacies be worried about disrupters such as Amazon encroaching onto their patch?