British fashion chain New Look has shelved plans for a stock market flotation in the wake of recent financial turmoil.
The decision marks the second time in two years that New Look's owners have scrapped an initial public offering (IPO) for the retailer.
It is also the latest in a series of market listings to be put on hold this week amid uncertainty for equities.
The private equity owner of Alton Towers and Madame Tussauds firm Merlin Entertainments was revealed today to have put the leisure group's stock market debut on ice, just a day after the same company halted an IPO for US travel business Travelport.
