Keep up to date with the latest business and accountancy news in our weekly news round-up…

 

Debenhams secures £200m lifeline with lenders

Struggling department store chain Debenhams has agreed £200m refinancing lifeline with lenders. The deal offered “reassurance” for employees, pension holders, suppliers and lenders, it said.

Congress demands Trump’s financial records from Mazars

The House Oversight Committee chairman wrote to Mazars USA requesting the records of financial statements that the firm prepared for Donald Trump between 2011-13.

JP Morgan plans to cut hundreds of asset and wealth management jobs

The investment bank plans to dismiss employees in support roles and some wealth management staff across the firm’s global business as part of an annual review.

Haysmacintyre to convert to LLP status

Top 30 firm Haysmacintyre is to convert from a partnership to a limited liability partnership (LLP), effective from 1 April 2019. This is in line with a majority of firms in the top ranking.

And finally…

Gin sales double – and it’s thanks to one month in particular

A record 73 million bottles of gin, worth more than £2bn, were sold last year. Popularity peaks in March in the run up to Mother’s Day, suggesting its popularity as a gift.

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