Mike Ashley’s bid to add Debenhams to his high street empire looks to have been dealt a fatal blow after the embattled department store chain moved closer to being placed in the hands of its bondholders, sending its already-depressed shares tumbling.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Grindr put up for sale as US rules it a risk to national security
Gay dating app Grindr is up for sale by its Chinese parent company, Kunlun Group, media reports say.
Topshop owner Philip Green draws up shortlist of 67 stores to close
Embattled retail boss Sir Philip Green is reportedly looking to sever his ties with as many as 67 Arcadia stores in a bid to save the troubled fashion firm.
Debenhams on target to receive £200m restructuring loan in blow to Mike Ashley bid
Debenhams moved one step closer to carrying out its major restructuring plan this morning after revealing that it has secured the support of bondholders.
Government rejects ‘Revoke Article 50’ petition as undemocratic
The government has rejected the Revoke Article 50 petition on Wednesday, despite more than 5.8m people signing the petition.
Government ‘never met’ Seaborne Freight’s financial backers
he Department for Transport (DfT) held no face-to-face meetings with the backers of the ferry-less shipping firm Seaborne Freight.
McDonald’s buys Israeli AI startup to change menus based on the weather
McDonald’s is buying an artificial intelligence start-up to help serve up data-driven meal choices.
Scottish Government to vote on revoking Article 50
The Scottish Parliament are to vote over backing to revoke Article 50, following Scottish Green Party debate on Wednesday.
Barclays unveils £14bn fund to help UK SMEs with Brexit
Barclays has unveiled a £14bn lending fund for SMEs to help them through Brexit uncertainty, they have held over 100 “Brexit clinics.”
Mike Ashley’s Sports Direct considers Debenhams bid
Mike Ashley’s Sports Direct is considering a £61.4m bid to take full control of Debenhams.
Road safety: EU plans vehicle speed limiters from 2022
Speed limiting technology looks set to become mandatory for all vehicles sold in Europe from 2022, after new rules were provisionally agreed by the EU.
Ryanair trolling of British Airways’ mistake backfires
A Ryanair attempt to make fun of British Airways on Twitter after a flight mistakenly went to Edinburgh instead of Düsseldorf has backfired.
UK CFOs missing out on £6.7 billion by not taking early payment discounts
New research from Barclaycard reveals that a Chief Financial Officer’s (CFO’s) leadership style and willingness to invest in their financial and accounting software has a tangible impact on their business’ bottom line.
Broadband giants are offering British users a ‘bad deal’
Britons who get their broadband from the UK’s biggest suppliers are the “most likely” to be getting a bad deal, reports Which?
Airbus secures multi-billion dollar jet order from China
Airbus has secured an order from China for 300 jets, in a deal estimated to be worth tens of billions of dollars.















