The Debenhams chairman has lashed out at speculation over the struggling retailer’s future, insisting that the chain is not insolvent.
Restaurant chain Gaucho is to be bought out of administration by banking groups Investec and SC Lowy, securing the future of 750 jobs.
Homebase has been given the green light to press ahead with a wave of store closures that will see 42 DIY outlets shut, putting around 1,500 jobs at risk.
New Look has reported an increase in profits as it pushes ahead with radical plans to cut costs and appeal to a broader range of shoppers.
Homebase is exploring a second wave of store closures that could see up to 40 DIY outlets shut, putting hundreds more retail jobs at risk.
Carpetright has swung to a loss as the retailer battled with rapidly declining sales and pushed through store closures in a bid to stay afloat.
Mothercare will close 50 underperforming stores and re-hire the chief executive it sacked just weeks ago as part of a wide-ranging shake-up.
One of the biggest private home care providers in the UK is seeking a rescue plan.
Europe’s beleaguered capital of oil and gas has powered its way into the top five in a league table of the UK’s fastest-growing city economies.