LONDON Oct 24 (Reuters) - The cost of insuring against Tesco defaulting on its debt shot up on Friday, after ratings agency Moody's downgraded Britain's biggest grocer and left the troubled group hovering one notch above junk status.
Britain's biggest lenders are shutting hundreds of branches and culling thousands of staff in a push to cut costs and move towards a digitally focused model that is irrevocably changing high street banking.
Construction group Morgan Sindall's shares plunged more than 13pc after it issued a profit warning because of a fire at a carbon-neutral research lab it was building and delays and cost over-runs in other projects.
(Adds C&C confirmation, market reaction). By Conor Humphries. DUBLIN Oct 24 (Reuters) - Britain's Spirit Pub Co has rejected a takeover approach from cider maker C&C Group , but said the Irish firm had until Nov. 20 to submit a formal offer.
Some of Britain's biggest High Street names might be going to the dogs, but Pets at Home is flourishing as dog owners flock to its stores.