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Recovery in full-price sales raises prospect for debt refinance of discount retailer
FRC’s call for reform of the sector could lead to a late goal
Full-price sales rise 3 per cent in 2nd quarter, weaker pound will add to difficulties
Non-profit warns over reputational damage and access to capital
Replacing £477m of bonds would leave insurance contracts on the retailer worthless
Group hopes to move into the development after 2016
Asda’s Andy Clarke and Tesco’s Phil Clarke both have big shoes to fill