MORNING NEWS: High drama and high tech

In the news this morning, Mike Ashley, the retail tycoon, last night set in motion a plan to leave Sports Direct and take charge of Debenhams in a surprise attack on the struggling department store chain. Click here for coverage from the nationals.

And a skyscraper that will be the tallest in the City of London could also be the model for a new generation of “smart buildings”, according to The Times.

Also today:

LK Bennett fashion chain collapses into administration

High street endures worst February since 2009

Countrywide feels the squeeze

UK house prices make surprise 5.9% rise in February, Halifax says

John Lewis bonus cut to lowest level since 1953 as profits fall by half