A Phones 4U shop in central London with its shutters down as more than 500 of its stores were shut after the retail chain went into administration. Photograph: Philip Toscano/PA

Phones4U’s loss is the gain of other phone retailers but for how long?

Two women wave from a window on the Royal Mile in Edinburgh, Scotland. Photograph: Jeff J Mitchell/Getty Images

Warnings of dire consequences have induced leaders to take action

Tesco chief executive Dave Lewis: “The bit that is interesting is that that I have never run a shop in my life.” Photograph: EPA

Retailer’s new chief executive has battle ahead to get business ready for Christmas

Bank of England  governor  Mark Carney: has gone from rock-star banker to City’s ‘unreliable boyfriend’. Photograph: Suzanne Plunkett/PA Wire

London Briefing: Bank of England governor flip-flops on timing of higher rates

Tesco shares fell to a 10-year low last week as ratings agency S&P cut its credit rating from BBB+ to BBB.

Retailer’s incoming chief faces the stark possibility of cutting dividends

HSBC chairman Douglas Flint launched a tirade against the reforms being imposed on the banking sector. Photograph: Joe Giddens/PA Wire

London Briefing: banks have much more to do before the time for remorse ends

Lloyds Banking Group has been hit with penalties totalling £226 million  for rate-rigging. Photograph: Anthony Devlin/PA

A threat of jail would be better than an oath to ensure good conduct by bankers

Royal Mail shares yesterday tumbled more than 3 per cent on chief executive Moya Greene’s downbeat assessment of prospects for its crucial parcels business. Photograph: Dave Thompson/PA Wire

London Briefing: disappointing trading update has taken glow off Royal Mail’s shares

Dublin’s Merrion Hotel is to be the setting for the latest shareholder revolt. Photograph: Alan Betson

Merrion Hotel will be arena for Irish-domiciled FTSE 100 company’s AGM

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