Wesfarmers

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Australian home-improvement company Wesfarmers purchased the Homebase chain for £340m in 2016, but the business lost more than £600m over two years. Photograph: Getty Images

Homebase plans to close three of its 11 Irish stores as part of a wider plan to close 42 of its 241 stores in Britain and Ireland. It also plans to (...)

Reusable fibre shopping bags in a plastic bag-free Woolworths supermarket in Sydney, Australia. Photograph: Jill Gralow/Reuters

Australia’s biggest supermarket chains are scrambling to combat “bag rage” as frustrated shoppers vent their anger over the removal of single-use plas(...)

Potential political turmoil in Spain and Italy rocked Europe’s markets

Borrowing costs and rising oil prices dampened any gains on the European and US markets in the final session of the week. The Iseq index closed margin(...)

 Homebase has been sold by its Australian owner Wesfarmers to retail restructuring firm Hilco, closing the chapter on a disastrous foray into retail in Ireland and Britain. Photograph: Steve Parsons/PA Wire

Wesfarmers ended its disastrous foray into the home-improvement market in Ireland and Britain, selling its Homebase chain for a pound and announcing a(...)

It was another wild ride for investors in the global financial markets

It was another wild ride for investors as the global stock markets at times looked like recovering before plummeting again. Investors struggled to cop(...)

The catalogue of errors at Homebase would almost be laughable if it weren’t for the fact that up to 2,000 jobs are now at risk. Photograph: PA Wire

British retailers have a long history of making a hash of overseas expansion, from Tesco’s costly foray into the US with its now defunct Fresh & E(...)

Traders work on the floor of the New York Stock Exchange (NYSE) in New York.  Photographer: Michael Nagle/Bloomberg

Global stocks extended the biggest sell-off since 2016, with European, US and Asian shares continuing last week’s decline. Equity investors are looki(...)

Homebase has 11 stores in Ireland. Photograph: Bryan O’Brien

Homebase owner Wesfarmers said on Monday that it is reviewing the future of its UK and Irish DIY businesses following the Australian group’s high pro(...)

The Bombardier Aerospace plant in Belfast: in 2016 the company brought forward a programme to axe 1,080 jobs in the North.

From the latest political upheavals at Stormont to constant job fears at one of the North’s largest private sector employers, a slew of sell-offs and (...)

Group said its digital makeover was bearing fruit as internet sales rose

Retailer Argos notched up its best sales performance for two years as it shrugged off poor early spring weather and the “distraction” of its £1.4 bill(...)

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