James Thompson

James Thompson is a business reporter at The Independent.

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Debenhams is upbeat despite volatile trading

Debenhams said it will hit City expectations for this year, despite yesterday posting its weakest sales for more than two years and reporting "volatile" high street trading in its third quarter.

TM Lewin set to choose advisers for £100m sell-off

TM Lewin, the maker of shirts worn by hordes of City workers, is close to appointing advisers to sell the business for up to £100m.

Market Report: Afren strikes oil off Nigeria to end slump

Investors in Afren had a day in the sun yesterday after the oil exploration firm made a major discovery off the coast of Nigeria. It has been an overcast year so far for shareholders, with Afren's shares having been on the slide. But yesterday it unveiled some successful drilling in Nigeria.

Ailing retailers buckle under rent blow

Two more retailers were on the brink of administration last night, putting thousands of jobs at risk after yesterday's third-quarter rent day forced them to throw in the towel.

Strong UK recovery wiped out by slump in Europe as Carpetright sinks £5.1m into red

Carpetright has delivered a strong turnaround in UK sales, but a dire performance in Europe and write-downs in the value of its property saw it post a full-year loss.

SABMiller’s Graham Mackay bags £14m

Graham Mackay, the former chief executive of SABMiller, pocketed total pay of nearly £14 million last year after a lucrative share scheme paid up.

Belgians lead the race to bag crisp maker Tyrrells

A Belgian private-equity firm with links to the Anheuser-Busch InBev beer empire has emerged as a front-runner to acquire Tyrrells, the upmarket crisp maker, for £100m.

City shirtmaker TM Lewin in shop window for £100m after profit fall

TM Lewin, the 115-year-old City shirtmaker, could go up for sale for as much as £100m, having spoken to potential advisers over strategic options for the business.

Pret owner sweet on picking up a stake in Hotel Chocolat

The private equity owner of Pret A Manger is eyeing a major investment in upmarket chocolate retailer Hotel Chocolat, which is valued at more than £100 million.

Colin Henry to take helm at Jaeger

The fashion retailer Jaeger has hired a new chief executive, following its acquisition by a private-equity firm last year.

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