The Speciality Retail Group (SRG), which owns Racing Green and Suits You, as well as the Young’s formalwear hire business, is to close forty two of its retail stores. The affected stores are mainly on high street sites and will close over the next 18 months. The closures form part of a rescue plan.

Liberty International, the shopping centre owner is to split into two separate listed businesses, Capital Shopping Centres and Capital & Counties through a demerger.