Business

BP swings to hefty annual loss but raises hope of ‘better days ahead’

BP has swung to a mammoth annual loss of 5.7 billion US dollars (£4.2 billion) after oil prices and demand tumbled amid...

Business

Asos buys Topshop and three other brands from Arcadia collapse

Asos has confirmed it has sealed the takeover of Topshop and three other brands from the collapse of the Arcadia retail ...

Business

Boohoo buys Debenhams brand and website for £55m – but stores to close

Online fashion retailer Boohoo has bought the Debenhams brand and website for £55 million in a deal that will see the e...

Business

Halfords enjoys lockdown cycle boom but motoring sales fall

Halfords continued to enjoy impressive rises in sales as the nation turned to cycling during the Covid-19 pandemic in th...

Business

Debenhams’ future in doubt as JD Sports pulls out of rescue talks

JD Sports has pulled out of rescue talks for troubled department store chain Debenhams, putting 12,000 workers at risk. ...

Business

EasyJet nosedives into the red with first ever full-year loss

Low-cost carrier easyJet has slumped to the first ever full-year loss in its 25-year history as the coronavirus crisis s...

Business

3,500 jobs to go as Sainsbury’s axes meat, fish and deli counters

Sainsbury’s has said it will cut around 3,500 jobs as part of plans to permanently close all its meat, fish and deli c...

Business

Lloyds Banking Group to cut another 1,070 jobs

Lloyds Banking Group has said it plans to cut another 1,070 jobs as part of its major restructuring programme. It is th...

Business

Revolution Bars to close six sites after curfew eats up a third of sales

Revolution Bars plans to close six of its sites, putting 130 jobs at risk, as it turns to creditors for help after the G...