Department store chain House of Fraser is to appoint administrators after giving up the fight to save the business.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Poundworld brand could be resurrected after retailer collapse
A deal has been agreed in principle for Irish retail family the Hendersons to buy the Poundworld brand and the leases on some of the stores of the collapsed discount retailer.
House of Fraser fate could be settled today as 3 buyers bid for ailing retailer
House of Fraser’s fate could be sealed today as creditors assess three takeover bids from Sports Direct owner Mike Ashley, Jaeger owner Philip Day and turnaround firm Alteri Investors.
House of Fraser rejects rescue bid for 31 stores set for closure
House of Fraser has refused to sell 31 of its stores due for closure to the owner of luxury fashion house Fashion Collective.
John Lewis set for biggest store revamp scheme in its history
John Lewis is set to undergo a radical overhaul of its stores in a bid to combat falling sales and profit decline.
Heathrow Airport uses artificial intelligence to tackle gender bias in job ads
Artificial intelligence (AI) is helping Heathrow Airport eradicate gender bias by replacing potentially off-putting words with more “inclusive” alternatives.
Wetherspoon founder calls on party leaders not to pay £39bn Brexit divorce bill
Wetherspoon founder and outspoken Brexit advocate Tim Martin has called on leaders not to pay Brussels a Brexit fee and to end tariffs, by launching half a million new beer mats.
Homebase owner ‘plans to close 60 stores’
The new owners of Homebase will reveal plans to close up to 60 stores next week, putting about 1,500 jobs at risk.
Supermarkets & small shops launch legal action against additional ATM business rates charge
Around 10,000 cash machines at supermarkets and small shops risk being shut down in legal battle over business rates.
UK Farmers are seriously concerned about extended heatwave
Farmers’ representatives are warning of serious concerns if the extended spell of hot, dry weather continues.
18 pubs close every week as people stay at home
Pubs are continuing to struggle with 18 closing a week in Britain, according to the latest industry figures.
London Energy tech firm announces partnership to protect 1,000 acres of Peruvian rainforest
Demonstrating its commitment to delivering lasting change and contributing to a sustainable future, energy tech firm, Open Energy Market (OEM) is proud to announce its partnership with Cool Earth, the non-profit organisation that works alongside rainforest communities to halt deforestation and climate change.
Lack of consumer finance options costing UK businesses £25bn
UK businesses could be losing out on over £25 billion in potential sales by not offering a range of consumer finance options, according to new research.
UK small business confidence falls into negative territory
Business confidence has fallen into negative territory suggesting weak economic data, Brexit divisions and global trade disputes have taken their toll on UK companies.
SFO moves to resurrect Barclays Qatar loan case
The Serious Fraud Office’s (SFO) application to resurrect its case against Barclays over a $3bn (32.3bn) loan to Qatar could be heard as early as October.
