The Sainsbury’s-Argos combination will have some 25 million customers, operating a chain of about 2,000 stores. Photograph: Ben Stansall/AFP/Getty Images

Supermarket group Sainsbury’s and Argos-owner Home Retail have agreed a £1.3 billion (€1.7bn) deal that will create the UK’s largest non-food retailer(...)

The proposed deal would lead to a full break up of Home Retai, as the company agreed to sell Homebase to Wesfarmers for £340 million in January, simplifying Sainsbury’s effort to gain control of Argos. (Photograph: PA Wire)

J Sainsbury has agreed to buy Argos owner Home Retail Group for about £1.3 billion, combining two of the UK’s biggest retailers in an effort to fight(...)

In Dublin, Ryanair closed up 2.3 per cent, while while Paddy Power, which is preparing a merger with Betfair, was up 1.3 per cent after €240 million worth of its shares changed hands. Photograph:  Nick Ansell/PA Wire

European stokcks rallied on Friday, trimming their worst January drop since 2008. The Iseq rose more than 2 per cent while the FTSE climbed 2.4 per c(...)

Asda, which is owned by US retail giant Walmart, said it will make cuts in the “low hundreds” at its Leeds head office, which employs 3,000 people.

Asda is set to cut hundreds of jobs as the UK’s supermarket price war continues to reshape the industry. The chain, which is owned by US retail giant(...)

Home Retail has confirmed the group is to sell Homebase to Wesfarmers

Australia’s home-improvement leader is coming Europe after Wesfarmers agreed to buy Home Retail Group’s Homebase chain for £340 million. Bunnings, w(...)

Argos suffered a 13 per cent reduction in traditional walk-in sales in December. Photograph: PA.

British takeover target Home Retail reported a worse-then-expected 2.2 per cent drop in like-for-like sales at its biggest chain Argos, hours after it(...)

Sainsbury’s has reported a better-than-expected performance in its Christmas quarter and upgraded its sales forecast for the second half. Photo: PA Wire

Sainsbury’s has reported a better-than-expected performance in its Christmas quarter and upgraded its sales forecast for the second half. The superm(...)

The figures from Debenhams are all the more surprising given the lacklustre performance of rivals Next and Marks & Spencer. Photograph: Brian Lawless/PA Wire

There was some good news on Tuesday for Morrisons and Debenhams as both defied gloomy expectations by checking in with better-than-expected Christmas (...)

Debenhams  on Oxford Street, London:  the chain posted higher than expected sales in the past 19 weeks, driven by strong Christmas trading and growing online shopping. Photograph: Ki Price/Reuters

British department store chain Debenhams outshone rivals Marks & Spencer and Next over Christmas, helped by clever stock management and demand for(...)

Dublin heavyweight CRH was down 2.3% on the day

Global equities slipped yesterday, hit by weakness in the commodity sector, as concerns over the Chinese economy resurfaced after it allowed the yuan (...)