Friday newspaper round-up: Dominic Chappell, Carillion, New Look

The former owner of BHS, Dominic Chappell, has been found guilty of three charges of failing to provide vital documents to the pensions watchdog. Chappell, 51, was charged with neglecting or refusing to respond to three section 72 notices demanding he hand over vital documents and information relating to the purchase of the company. – Guardian

Plans for a £1.3bn tidal power lagoon in Swansea could still be backed by ministers despite government indecision on whether to support it, according to the author of an independent review on the project. Charles Hendry, a Conservative politician and former energy minister, enthusiastically supported the scheme a year ago as a source of clean power and UK jobs. – Guardian

Senior Cabinet ministers were called to a meeting on Thursday to discuss Carillion's future, in yet another sign the Government is preparing for the outsourcer's collapse after having revealed earlier this week it has drawn up contingency plans. It is thought that top figures from various departments attended the meeting, including Business Secretary Greg Clark, Transport Minister Jo Johnson and Justice Minister Rory Stewart. – Telegraph

New York and Hong Kong are more likely to benefit should London lose its status as financial capital of the world, not the EU, Prime Minister Theresa May and City bosses have said. Ms May and Chancellor Philip Hammond sought to reassure heavyweight finance firms including HSBC, Barclays and Goldman Sachs the industry would be protected in a Brexit trade deal, at a meeting in Downing Street today. – Telegraph

The American boss of Barclays has told Theresa May that the UK’s tax regime is not competitive during a meeting to discuss Brexit. Jes Staley said that the government could do more to make Britain competitive as ministers prepare to begin negotiations with the European Union about how financial firms will be able to operate in a transitional period after the UK leaves the bloc. – The Times

New Look, the high street fashion retailer, is considering a plan to close about 10 per cent of its British stores. The South African-owned chain is working on proposals to enter a company voluntary arrangement (CVA), a process often used by struggling retailers to reduce financial obligations to creditors. Such agreements allow companies to pay off their debts over a fixed period of time but remain in business. – The Times