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Homebase sells Battersea store for £57 million

Posted:
24 November 2014 10:05

Home Retail Group has sold its Battersea Homebase store for £57 million as part of further plans to rationalise its store estate.In a statement, the company confirmed the closure of an additional 25 stores in the next financial year, including two profitable stores that Homebase was unable to renew on ...read more

Business confidence “at a five-year low”

Posted:
24 November 2014 10:01

Global business confidence is down to a five-year low, as hiring and investment plans fell in a study of 6,100 companies by the Markit Global Business Outlook Survey."Clouds are gathering over the global economic outlook, presenting the darkest picture seen since the global financial crisis," said Chris Williamson, chief economist ...read more

Supermarkets blamed for food supplier insolvencies

Posted:
24 November 2014 10:00

Price wars in the grocery sector are being blamed for a sharp rise in the number of insolvencies amongst food suppliers.In the past year, 146 food producers filed for insolvency, up from 114 the previous year, despite an 8% fall in company liquidations overall.Accountancy firm Moore Stephens said that the ...read more

Sotheby’s chief executive to stand down

Posted:
21 November 2014 11:06

The head of auction house Sotheby’s is to step down after 14 years. The company said that he would be leaving by "mutual agreement" once a successor was found."We are moving with a sense of urgency, but we will take the time we need to find the right leader for ...read more

Ex JJB Sports boss guilty of £1 million fraud

Posted:
21 November 2014 11:06

The former chief executive of JJB Sports, Christopher Ronnie, has been convicted of accepting over £1 million from suppliers in his tenure at the head of the company.Mr Ronnie denied fraud but the court heard that he did not disclose the payments to the board. He was convicted of three ...read more

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