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.

Monarch does not have the right to sell its airport takeoff and landing slots, potentially the most valuable remaining part of the failed airline, a court in London ruled on Wednesday, Reuters reported. In a blow to administrators seeking to recoup money, the High Court rejected Monarch’s claim that it must be allocated slots for summer 2018 and said they will be placed into a pool. “We are disappointed with today’s ruling and will be seeking leave to appeal as a matter of urgency,” Blair Nimmo, partner at KPMG and joint administrator of Monarch, said.

The private equity owner of Four Seasons, Britain’s largest care home operator, has proposed relinquishing control of the debt-laden company to its creditors for a “nominal sum”, having incurred £450m in losses, the Financial Times reported. Terra Firma’s move comes after the main creditors, H/2 Capital, suggested a debt-restructuring plan aimed at rescuing the struggling business. Under the US hedge fund’s proposition, Terra Firma would have kept an 11 per cent stake in the full business.