Widening losses put Globe in jeopardy

Questions were mounting over the future of Globe Pub Company after it reported another quarter of widening losses.
The company, owned by Robert Tchenguiz, the property entrepreneur, has been in default of its securitisation covenants for the past two financial quarters.
On Monday, the company warned there was little sign that a recovery was on the horizon

Read more:
http://www.ft.com/cms/s/0/9126ea34-64d0-11de-a13f-00144feabdc0.html