Dubai's financial services regulator has stopped Abraaj Capital from taking on new business or moving money to Abraaj Investment Management (AIML), its related entity, as part of an investigation into the group.

Dubai's financial services regulator has stopped Abraaj Capital from taking on new business or moving money to Abraaj Investment Management (AIML), its related entity, as part of an investigation into the group.

The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

* Taveta says put substantial assets into BHS before sale (Adds lawmaker letter to Philip Green, Taveta response)

PwC should have flagged significant doubts over the future of BHS in an audit that was completed just days before the loss-making UK retailer was sold for a token one pound in 2015, ahead of its collapse a year later, a regulator said on Wednesday.

British home improvement retailer Homebase said on Tuesday it planned to close 42 stores, putting 1,500 jobs at risk, with new owner Hilco Capital seeking to reduce its cost base in a brutal trading environment.

British home improvement retailer Homebase said on Tuesday it planned to close 42 stores, impacting 1,500 jobs.

Croatian food producer and retailer Agrokor, which is in the process of being taken over by its creditors, reported a big rise in first-half core earnings on Monday, as cost cuts helped to offset lower revenues.

* Administration came after failure of creditor/investor talks

British department store House of Fraser will seek the appointment of administrators on Friday after negotiations with its investors and creditors failed to conclude in a "solvent solution", reported the BBC.