Morning Wrap: today's top business stories

News stories from around the web.

New Statesman

Guy Hands pulls German property float (FT)

Guy Hands, the British private equity financier, has abandoned the flotation of Germany’s largest residential landlord over concerns that the recent rally in European equities has run its course.

Olympus ex-chairman gets suspended sentence (FT)

Tsuyoshi Kikukawa, the disgraced former chairman of Olympus, and two other executives received suspended sentences on Wednesday for their role in orchestrating a vast accounting fraud at the Japanese optical equipment maker.

Ofgem wants power firms to tackle electricity theft (BBC)

The energy regulator wants power firms to do more to combat electricity theft, a third of which is stolen each year to power cannabis farms.

Royal Bank of Scotland (RBS) has launched an independent review of its lending to small businesses. (BBC)

The bank has hired former Bank of England deputy governor Sir Andrew Large and management consultancy Oliver Wyman to look at its lending practices.

Sir Philip Green calls for overhaul of business rates (Telegraph)

Sir Philip Green has demanded a fundamental overhaul of Britain’s business rates system to support struggling high streets.