Intu Properties (INTU), the debt-laden owner of shopping centres, including the Trafford Centre in Manchester and Lakeside in Essex, has won some breathing space by agreeing an extension to its overdraft facility.
Ted Baker (TED) is to axe 160 roles as the fashion retailer grapples with declining sales, profits and a £58m accounting error.
Metro Bank (MTRO) is significantly scaling back expansion plans after recording a loss of more than £130m caused partly by an accounting error.
BP (BP.) is to sever links with three US-based trade associations, including the country’s main refining lobby, because of disagreements over their climate-related policies and activities.
Almost 1,600 jobs are to be axed at Lloyds Banking Group (LLOY) and Direct Line Insurance in the latest spate of job losses to hit the financial sector.
