British wholesaler and convenience retailer Nisa Retail said on Monday it would provide a new short-term contract to its member McColl’s Retail Group to help it ensure continuity of supplies after the collapse of Palmer & Harvey (P&H), Reuters reported. P&H, the UK’s largest tobacco distributor which also delivers food and drink to supermarkets, went into administration last week after running out of cash, raising the possibility of tobacco shortages across the country. Analysts said McColl’s was relatively well-placed to deal with the situation but could face additional costs.

The private equity owner of Four Seasons Health Care has urged the care home operator’s largest creditor to accept a debt restructuring offer it made nearly a month ago as a looming interest payment threatens to push the business into administration, the Financial Times reported. Terra Firma, led by City financier Guy Hands, called on H/2 Capital Partners to accept its offer to hand over to the lender and the other bondholders, the 343 care homes owned by the Four Seasons group “for a nominal sum, with immediate effect”, as it did at the start of November.

Budget airline Wizz Air said it would fly two more aircraft from London’s Luton airport after securing take-off and landing slots there from failed carrier Monarch Airlines, Reuters reported. Wizz, listed in London but with the majority of its operations focused on Europe, said it would increase its fleet at Luton by two aircraft to total seven and pushing up its capacity at the airport by 18 percent. Earlier this week, British Airways owner IAG bought valuable take-off and landing slots at London’s Gatwick airport, beating off competition from other airlines.

Britain’s major supermarkets sought to reassure smokers on Wednesday that the collapse of Palmer & Harvey (P&H), the UK’s biggest tobacco distributor, would not lead to shortages of cigarettes, Reuters reported. P&H, which also delivers food and drink to supermarkets and convenience stores, went into administration on Tuesday after running out of cash, raising the possibility of tobacco shortages across the UK. However, Tesco and Sainsbury‘s, both said they had set in train contingency plans to ensure their stores were stocked with sufficient tobacco products.

British retail supplier Palmer & Harvey McLane Ltd has been placed in administration after running out of cash, with the immediate loss of some 2,500 jobs, accounting firm PwC said, Reuters reported. The group, which delivers cigarettes, food and drinks to retail chains and convenience stores, has been hit by challenging trading conditions in recent months and efforts to restructure it have been unsuccessful, PwC said on Tuesday.

British Airways owner IAG has acquired valuable take-off and landing slots at London’s Gatwick airport from failed carrier Monarch Airlines, the latter’s administrators said on Monday, beating off competition from other airlines. The administrators said they were in the process of completing an exchange of Monarch’s slots for others currently held by IAG but did not disclose how much IAG was paying under the swap arrangement to get the more valuable slot times, Reuters reported.

Travel firm Thomas Cook has bid for failed rival Monarch Airlines’ landing and take-off slots at London Gatwick airport, two sources close to discussions said, after Monarch’s administrator secured rights to sell the slots, Reuters reported. Earlier this week the administrator won an appeal against a previous London High Court court ruling that Monarch had lost any rights over the potentially valuable slots since it was no longer capable of operating any flights.

The planned move of the European Banking Authority’s headquarters from London to Paris will reduce the UK’s influence over the rules governing European finance, experts said on Tuesday. EU foreign ministers meeting in Brussels on Monday voted for the EBA to shift its headquarters from London to Paris after Brexit, the Financial Times reported. The EBA is responsible for writing standards that EU banks should abide by — how to calculate potential losses on risky loans, for example — as well as carrying out stress tests on them to safeguard the financial system.

Carillion Plc lost a third of its market value after saying it’s in danger of breaching debt covenants, as the U.K. builder that only three years ago was trying to buy a rival now struggles for survival, Bloomberg News reported. The Wolverhampton-based construction company issued its third profit warning in half a year on Friday and said it’s in talks with creditors about “some form of recapitalization” in the first quarter of next year. Delays in projects and disposals will lead 2017 profits to be lower than expected, it said. Carillion’s spiral downwards has been swift.

Redx Pharma has returned to the land of the living. Last week, shares in the biotech group were reinstated on London’s junior market after its administrators packed their bags and quit Redx’s offices in Alderley Edge, the Financial Times reported. Hoorah. Not quite. The shares were 32p when they were frozen in May; when Aim lifted the suspension last week, they fell to 19p. That said, not many companies return from the netherworld of insolvency once the wind-up merchants take charge.