House of Fraser was faced with a “tsunami” of challenges, and so had to take the “brutal” decision to close 31 shops, says boss Alex Williamson.
Image copyright Reuters Debenhams has reported another slide in profits and sales after freezing weather in late February temporarily closed 100 stores in the UK. The struggling department store chain said like-for-like sales fell by 2.2% in the 26 weeks to 3 March amid a “challenging” UK market. Debenhams said the cold weather reduced sales […]
Image copyright Getty Images Image caption Margarethe Vestager cleared Dow’s merger with DuPont The European Commission has given the go-ahead to the merger of US chemical giants Dow Chemical and DuPont. The deal values the merged company at $130bn (£103bn) and is expected to lead to cost savings of $3bn. The EC’s approval is dependent […]
Image copyright PA Image caption The route will now be known as the London North Eastern Railway (LNER), a name last used in the 1940s Rail services on the East Coast Main Line are back under government control, following the failure of the franchise. Stagecoach and Virgin Trains, which had a 90% and 10% stake […]