The latest results from its endlessly contracting business showed pre-tax
losses swelled in the six months to end of September, from £63.8m to £99.7m.
would not comment on rumours that the potential bidder for its business is
Hilco, the buyer of distressed companies, or the speculation that it may
entertain the idea of a group sale for one pound. (Though the way sterling’s
going, it would be a better idea for the board to take payment in one hundred
penny sweets from their own excellent range and scoff them before the banks take
them as payment for its outstanding loans).
The retailer’s property portfolio may prove a saving grace, making a profit
in the period of £15.8m, up from £5.1m in 2007.
GoCompare is to demerge from esure and and be floated on the London Stock Exchange with the aim of boosting growth and performance
Three former Tesco executives, including the former finance director of Tesco UK, have been charged with fraud in relation to a £263m accounting scandal at the supermarket chain
Co-operative Group is trialling a new blockchain technology that can be used to track food from source to ensure its authenticity and sustainability
Sports Direct is facing a shareholder backlash despite promising to change some of its more outdated working conditions the sportswear retailer has forced on staff