Good morning. In today’s news, the Financial Times reports that department store chain Debenhams is facing a legal challenge from three of its creditors, including Sports Direct, about its restructuring plan.
The Times reports on Tesco’s chief executive Dave Lewis, who has admitted that the supermarket’s recovery could have been achieved quicker but at ‘significant cost’.
Arcadia restructuring on knife edge as landlord opposes plan (The Times £)
Bank of England chiefs turn hawkish on rate rise (The Times £)
Why embattled fund manager Neil Woodford should waive the fees on his suspended fund (The Telegraph £)
Ted Baker’s 29% discount makes it look like a bid bargain (Financial Times £)
Builders hit by decline in orders (The Times £)
