Debenhams, which has seen its lenders take control of the troubled high street chain, has had its company voluntary arrangement (CVA) approved by creditors and will be closing 22 stores by early next year, raising the prospect of local authorities losing an estimated £8.5m in business rates

In this week's accountancy career moves, partner hires at BDO, RSM, Blick Rothenberg and Albert Goodman, senior partner at Wilson Wright, promotions at Grunberg & Co, R3 president named

A significant number of law firms are not doing enough to prevent money laundering, with some falling seriously short, leading to disciplinary action by the regulator