Debenhams

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Debenhams is in talks with lenders to add about £150 million of financing as billionaire Mike Ashley tries to gain control over the troubled  retailer. Photograph: Chris Ratcliffe/Bloomberg

British department store group Debenhams said on Thursday it would consider a £150 million loan offer from dissident shareholder Sports Direct, while (...)

In New York, a plunge in Boeing shares set the Dow Jones Industrial index for a sharp fall at the open on Monday. Photograph: Michael Nagle/Bloomberg

Technology stocks led Wall Street’s main indexes higher on Monday after five straight sessions of declines, but a fall in the shares of Boeing, the wo(...)

Mike Ashely is Debenham’s biggest shareholder. Photograph: Simon Dawson/Reuters

Ailing department store chain Debenhams said on Monday it was in advanced talks with its lenders for additional loans of about £150 million. The co(...)

Struggling department store Debenhams was a bright spot after Sports Direct’s Mike Ashley made a move towards running the more than 240-year-old company.

European equities finished the week on a negative note, resulting in stocks notching up their biggest weekly fall since December. Losses extended aft(...)

Debenhams said: “The board has been engaging with Sports Direct and our other stakeholders and is disappointed that Sports Direct has taken this action.” Photograph: Reuters

Sports Direct boss Mike Ashley is attempting a coup at Debenhams to appoint himself to the board in an executive role and oust nearly all the other di(...)

The John Lewis and Partners store in Oxford street, London.

John Lewis, the employee-owned retailer whose department stores and supermarkets have become a mainstay of middle-class Britain, will cut annual staff(...)

Chinese premier Li Keqiang cut the government’s 2019 growth target on Tuesday. Photograph: Andy Wong/AP

The Iseq outperformed European peers on Tuesday while economic data from China put a dampener on global markets as a trade deal with the US remains to(...)

Debenhams, which trades out of around 240 stores, has turned down an offer of a cash injection from Mike Ashley’s Sports Direct, which is its main shareholder with a nearly 30 per cent.

Debenhams, once Britain’s biggest department store chain, issued another profit warning on Tuesday as it thrashes out a restructuring deal with landlo(...)

Mike Ashley, founder and majority shareholder of sportwear retailer Sports Direct. Photograph: Darren Staples/File Photo/Reuters

Another season and another sale withers on the vine for one of the last big clubs up for grabs in the world’s richest soccer league. But the difficult(...)

A sign stands above the entrance to a Debenhams Plc department store on Oxford Street, London. Photograph: Jason Alden/Bloomberg

Debenhams has secured £40 million in additional funding from some of its lenders as it strives to find a longer-term solution to its financial problem(...)

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