Embattled retailer New Look has agreed a restructuring plan with creditors that will see it shut 60 British stores, resulting in the loss of up to 980 jobs.

One of the most volatile weeks in the London market’s recent history ended today with the FTSE 100 Index barely changed on its starting point.

The London market failed to extend its three-day rally today after a nervous session for shares in the leisure and mining sectors.

The FTSE 100 Index fell into negative territory today as trading fears in the leisure sector put blue-chips under pressure.

Shares across the restaurant sector were hit today after Tootsies owner Clapham House Group said dampened consumer spending and higher costs will knock its performance this year and next.