Hammerson has ramped up property sales in a bid to reduce debt after a crisis in UK retail dealt a blow to the value of its portfolio last year and resulted in a full-year loss, the Financial Times reported. The shopping centre landlord that owns European and UK malls including London’s Brent Cross, said on Monday that it had sold £570m of properties in 2018 at an average discount to net asset value of 7 per cent. It planned to sell a further £500m to £900m in 2019 despite a “tough” market.

Yildiz Holding AS, a debt laden Turkish food conglomerate, plans to sell its Jacob’s cracker unit and production facilities in the U.K. this year, according to two people with direct knowledge of the matter. The owner of McVitie’s digestives and Godiva chocolates may offload the entire business or a stake to an investor, the people said, asking not to be named because the talks are confidential, Bloomberg News reported. The company is working with Oppenheimer Holdings Inc. on the sale, the people said.

Top banks led by HSBC have taken more than half a billion pounds in exceptional charges to cover a rise in defaults after Brexit, but other leading lenders are not as pessimistic on the UK’s economic outlook, creating a growing divide on strategy among Britain’s financial institutions, the Financial Times reported. HSBC, Barclays and Royal Bank of Scotland have all set aside extra cash in the belief that standard economic models would not fully cover the risks of a disorderly Brexit, while rivals such as Lloyds and Santander have dismissed the need for extra provisions.

Debenhams Plc’s lenders are prepared to grant the struggling department store chain more credit in an effort to ward off a potential low-ball buyout from billionaire shareholder Mike Ashley, Bloomberg News reported. After extending a 40 million-pound ($52 million) loan facility to Debenhams last week, the group of about 10 firms including hedge funds Alcentra, Angelo Gordon & Co. and Silver Point Capital is willing to lend further if necessary, according to a person familiar with the matter.

Norwegian Air’s shareholders overwhelmingly endorsed on Tuesday the lossmaking airline’s plan for a deeply discounted cash call to help bolster its finances, Chairman Bjoern Kise said. Norwegian Air said on Jan. 29 it would raise 3 billion Norwegian crowns ($348 million) in a rights issue, just days after British Airways owner IAG ruled out a bid for the budget carrier, Reuters reported.

The family of Israeli property tycoon Amir Dayan is among buyers of a portfolio of U.K. hotels leased to Hilton Worldwide Holdings Inc., according to people with knowledge of the deal. The group of nine hotels, which entered a form of bankruptcy protection under U.K. insolvency laws starting in early 2018, was acquired by companies controlled by Vivion Investments Sarl for 246 million pounds ($315 million), according to a filing by the administrators appointed to oversee the properties, Bloomberg News reported.

Isla Rowntree, the founder of British children’s bike maker Islabikes, has resorted to stacking spare parts in meeting spaces and office rooms as she gets ready for a potentially chaotic no-deal Brexit next month, Reuters reported. But the inconvenience of finding the space for six months’ worth of stock is small compared with the financial consequences, she says.

Delta Air Lines Inc. and U.K. discounter EasyJet Plc may invest as much as 400 million euros ($452 million) total in the latest attempt to revamp struggling Italian airline Alitalia SpA, according to people familiar with an initial draft of the plan, Bloomberg News reported. Investors in a group led by rail operator Ferrovie dello Stato SpA are evaluating the financial needs of the “new Alitalia” that would emerge after the second bankruptcy process in a decade, said the people, who asked not to be named because the discussions are private.

British regional airline Flybmi has gone into administration and has cancelled all flights with immediate effect, the company said in a statement on Saturday, blaming Brexit uncertainty as one of the reasons for its collapse, Reuters reported. A spokesperson for British Midland Regional Ltd said the company had taken the decision due to increased fuel and carbon costs and to uncertainty arising from Britain’s plans to leave the European Union on March 29. The airline, based in the English East Midlands, operates 17 planes flying to 25 European cities.

Troubled outsourcing group Interserve would have to pay £66 million immediately to lenders if its largest shareholder Coltrane blocks the debt restructuring deal and removes some board members, Sky News reported on Thursday. The company will also have to repay “tens of millions of pounds” if its Chief Financial Officer Mark Whiteling is removed from the board, the report said.