MORNING NEWS: Loans and last-ditch offers

In the news this morning, Debenhams is expected to fall into administration today after a last-ditch rescue offer by Sports Direct was rejected by the department stores group and its lenders. And a property investor has breached the terms of a £145m loan because its lender found that its four shopping centres were worth less than had been thought. And read EG’s coverage of a RICS report which claims that the property sector is at a “tipping point” as it continues to digitise, but sharing data “remains an alien concept. EG Highlights: Coyote appoints Bould as chairman Café Rouge reaches for red ink after heavy writedown Creditors block administration of Patisserie Valerie Confidence slide hits retail sales Watchdog dismisses Sir Philip Green complaint against Peter Hain