MORNING NEWS: Closures, cash injections and Crufts

In the new this morning, EG brings you details of a freshly inked deal between collapsed retailer Coast and Karen Millen. Click here for the full story.

Elsewhere on the high street, Patisserie Valerie is reported be hanging by a thread following calls for an immediate cash injection, and WH Smith is embarking on a round of store closures, although opening new outlets in hospitals, airports and other travel hubs.

In other news, Blackstone is close to agreeing an £800m-plus bid for the Birmingham-based NEC Group, and fund managers speak out against FCA proposals aimed at making open-ended property funds fairer for retail investors.

NEWS ROUND-UP: Overseas retail on the rise in London

Coast closes stores after Karen Millen purchase

Property fund managers criticise FCA proposals

Countryside unnerves investors with warning over cautious house buyers

Goldman Sachs to open first UK office outside London

Manchester office take-up soars

Karen Millen to buy parts of retailer Coast out of administration

Prices of most expensive properties must wait to return to their prime

Blackstone poised to acquire NEC Group

WH Smith to close six stores and 24 Cardmarket outlets

Patisserie Valerie to go under without cash boost