The loss-making 133-year-old clothes business has struggled to find a buyer.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
High court approves £129m fine for Tesco over accounting scandal
Serious Fraud Office prosecution against the supermarket will not now go ahead after it overstated profits by £326m in 2014.
JD Sports rejects ‘prison’ warehouse claims as profits soar more than 80%
Profits soared by more than 80 per cent at JD Sports as the sport and fashion retailer rejected claims that its warehouse conditions were “worse than prison”.
Mastercard wins approval from the Competition and Markets Authority for £700m VocaLink deal
The competition authority has approved Mastercard’s £700m acquisition of payments technology firm VocaLink, after they addressed competition concerns.
Shell admits dealing with money launderer
Shell has admitted for the first time it dealt with a convicted money-launderer when negotiating access to a vast oil field in Nigeria.
Overseas trading could help the UK adjust to Brexit
Stronger global economic conditions in 2017 will lead to a revival in the UK’s overseas trading, according to economists at EY ITEM Club.
Inflation and wage figures to underline Brexit strain on Britons
Economists expect official statistics will vindicate Bank of England’s worries about slump in consumer spending.
Business customers make up half of Travelodge clients as hotel chain bounces back
Business customers now make up more than half of sales at low-cost hotel chain Travelodge, helping the business outpace its competitors.
Google accused of ‘systematic’ underpayment of women workers
Bureau of Labour said it found ‘compelling evidence’ of pay gap.
Libor: Bank of England implicated in secret recording
A secret recording that implicates the Bank of England in Libor rigging has been uncovered by BBC Panorama.
Lloyds expects payouts to HBOS fraud victims to total £100m
Businesses were left bankrupt and owners lost homes after former HBOS manager’s £245m loans scam.
Dominic Chappell told to aid BHS inquiry
Dominic Chappell, the former owner of BHS, is being hauled to court by the Insolvency Service for failing to co-operate with its inquiry into the retail chain’s collapse.
Twitter has announced it is suing the Trump administration
The company is citing freedom of speech as a basis for not turning over records about the account.
The Co-operative Bank drawn up a shortlist of several bids for prospective takeover
The Co-operative Bank has announced it has chosen “several parties” to go through to a further stage as it looks for a new owner.
Oil price jumps after US strike on Syria
The price of oil has hit its highest level for a month in response to the US military’s missile attack on a Syrian government airbase.
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