The chain said discussions with lenders collapsed on Friday as creditors refused to extend a deadline for the retailer to find more cash
- Bank of England raises interest rates as it warns of recession and 10% inflation
- Recession: the price Britain will pay to control inflation
- US stocks see worst day this year as Fed rate hike rattles investors
- The fudging is over, as monetary policy committee predicts 10.2% inflation
Here’s a video clip of Conservative Chairman Oliver Dowden denying the UK faces an economic horror story (see earlier post).
Airline group IAG are the top faller in London, down 8%, after scaling back its expansion plans after the chaos at UK airports over Easter.