Friday newspaper round-up: Woodhouse, Glencore, retailers, online fashion

Seven investors, who ploughed their savings into businesses owned by the embattled financier Gavin Woodhouse, have applied to the high court to have four of his companies taken into administration. The move comes a day after an undercover investigation by the Guardian and ITV News highlighted questions about the business interests of Woodhouse, who has raised millions of pounds from private investors but whose firms have a multimillion-pound “black hole”. – Guardian

At least 36 illegal miners are believed to have died in a copper mine owned by Glencore in the Democratic Republic of the Congo (DRC) on Thursday. The miners were killed when two ‘galleries’ overlooking an open excavation pit collapsed at the same mining site which claimed six lives in 2016. – Guardian

One in three closed shops will never reopen as retail outlets given the brutal conditions on the high street that make it almost impossible to find another tenant. The new data lays bare the irrevocable changes engulfing the high street as some empty shops will be turned into hotels, gyms and restaurants, according to new analysis by property group Colliers International. – Telegraph

The UK must build more nuclear power stations and invest in carbon capture technology if it is to meet the Government's zero emissions target by 2050, an influential business lobby group has warned. The Confederation of British Industry (CBI) has urged the Government to follow through on its climate commitments by putting in place stable, long-term energy policies that transcend party politics to support consumers and businesses. – Telegraph

Growth in online fashion sales has slowed to its lowest rate on record, according to data seen by The Times. Year-on-year growth fell to 0.6 per cent in the 12 weeks to June 2, compared with 8 per cent for the same period last year and 6.8 per cent the year before that, new figures from Kantar, the market analytics company, show. – The Times

A former senior compliance officer at UBS and her day trader friend have been sentenced to three years in prison for insider dealing in a case involving pay-as-you-go mobile phones and nights out at an exclusive London club. Fabiana Abdel-Malek, 36, who worked for the investment bank in London, and Walid Choucair, 40, were found guilty this week of five counts of insider dealing by a jury at Southwark crown court after an 11-week trial. – The Times