Debenhams is at risk of falling into the hands of its lenders in a move that will clean out shareholders after the company and its financial backers reject a £150 million cash offer from Mike Ashley’s Sports Direct. A pre-pack administration deal is expected to be announced on Tuesday morning that would affect Debenhams’ holding…
Social media/internet sites could be fined or blocked if they continue to fail to tackle ‘online harms’ such as child abuse and terrorist propaganda. The Department for Digital, Culture, Media and Sport (DCMS) has proposed an independent watchdog that will write a “code of practice” for technology companies. Senior managers could be held liable for…
The Sports Direct boss accuses Debenhams executives of “sustained falsehoods and denials”. BBC News – Business
Deliveries of the 737 Max have halted following crashes in Ethiopia and Indonesia. BBC News – Business
Across 45% of UK firms the gender pay gap increased in favour of men, analysis by the BBC finds. BBC News – Business
Morrisons supermarket is to start selling paper shopping bags in all its stores from May after customers concerns about plastic use. The UK’s fourth biggest supermarket will use paper bags next week in Wales followed by England and Scotland. The scheme will take 1,300 tonnes of plastic out of the environment each year. Morrisons have…
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Craig Taylor