Arcadia on brink of collapse; record month for stock markets – business live

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Rolling coverage of the latest economic and financial news

7.16am GMT

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
Arcadia is on the brink of becoming the biggest corporate casualty of Britain’s Covid-19 crisis. Sir Philip Green’s retail group is expected to filed for administration as soon as today, having failed to agree a rescue deal to keep the company afloat.

This is obviously a sad day, we tried to save it a year ago when £200m was put into the business and the pension fund, but it’s impossible to operate now.

“You don’t know when you’ll be open, you don’t know what stock to buy.”

(global equities) MSCI all-country Index is on track for the biggest monthly gain since 1990 inception, chart @BloombergTV https://t.co/hUImQCXNSm pic.twitter.com/t3q0FnVXDL

European Opening Calls:#FTSE 6330 -0.60%#DAX 13251 -0.64%#CAC 5567 -0.56%#AEX 608 -0.62%#MIB 22230 -0.55%#IBEX 8144 -0.57%#OMX 1921 -0.84%#STOXX 3502 -0.73%#IGOpeningCall

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