‘The Bank of Mum and Dad will run dry’
Craig TaylorMoney lenders say people will borrow even more from families as firms cut lending after Wonga’s collapse. BBC News – Business
Business
Turkey raises interest rates to 24% in new bid to boost lira
Central bank makes move after failing to take action in July, sending the lira slightly higher. BBC News – Business
Debenhams and House of Fraser merger mooted, director says
Director of Sports Direct says merger of the two department stores has been discussed by the board. BBC News – Business
Network Rail sells railway arches for £1.5bn
The deal will shore up the operator’s finances but business tenants worry it will mean rent rises. BBC News – Business
Debenhams calls in KPMG to assess future options
The department store chain brings in the business turnaround specialists as it aims to cut costs. BBC News – Business
Fresh crackdown on nuisance calls
New rules mean companies cannot contact people unless they have “opted-in” to receive calls. BBC News – Business