TRANSPORT Development Group, the haulage and distribution business, has completed its withdrawal from non-European markets with the pounds 21.5m sale of its Australian subsidiaries.

STOREHOUSE, owner of BhS, yesterday filled the last two gaps on its board with the appointment of Dick Steele from Lloyds Chemists as finance director and WPP's Martin Sorrell as a non-executive.

Children from Dulverton Junior School, south-east London, attending a Victorian lesson at the Ragged School Museum, beside the Regent's Canal, in Bow. The museum trust was set up in 1983 with three aims: to house an East End history museum, to save three canalside warehouses from demolition, now the only mid-Victorian warehouses left on the six miles of canal and towpath in Tower Hamlets, and to provide education, activities and space for temporary exhibitions. The museum opened four years ago and has 12,000 visitors each year. It has started an appeal for pounds 650,000 for a three-part refurbishment programme: to convert further warehouses for display space and other facilities, to make a new kitchen and to do general repairs and redecoration.

SHARES in Storehouse, the BhS and Mothercare retail chain, rose 17p to 200p yesterday as the group bounced from a pounds 27.3m loss to an pounds 11.6m pre-tax profit in the 28 weeks to 9 October.

Police were questioning nine people following the seizure of an estimated pounds 30m worth of counterfeit perfume and designer clothing at warehouses in Rainham and Basildon, Essex.

GRAHAM RIDER yesterday resigned as finance director of Storehouse, the BhS and Mothercare group, in what is likely to be the first of a series of management changes following Keith Edelman's appointment as chief executive.

PERUVIAN cocaine with a street value of more than pounds 15m was smuggled into Britain hidden in sacks of roasted coffee beans, an Old Bailey jury was told yesterday.

IAN HAY DAVISON, chairman of Storehouse, the retail group, yesterday vented his anger at David Dworkin, who resigned as chief executive less than nine months after being appointed to the post, writes Heather Connon.

ANN IVERSON, the Storehouse director in charge of the Mothercare chain, could receive more than pounds 420,000 if the group is taken over.

APPOINTING Michael Julien to be chief executive of Storehouse was the 'biggest mistake of my life', says Sir Terence Conran in today's Independent on Sunday, writes Roger Trapp.

Seven people were arrested after police seized 200,000 ecstasy tablets in a raid on a disused warehouse in Ponders End, north London. Detectives, who also found 20kg of the powder, said it was 'the most sophisticated laboratory' discovered in Britain.

KWIK SAVE grew through the fat years, continued to flourish in the recession and, according to Graeme Seabrook, the outgoing chief executive, will carry on pleasing the market when things pick up. Yesterday's interim figures suggest he is right.

LITTLEWOODS Organisation, Britain's biggest private company, announced plans to open a 'warehouse club' store by the end of the year, selling cut-price groceries and durables to subscription-paying members.

Warehouse clubs - shed-style stores where subscription-paying members can buy cut-price food and durables - are suddenly all the rage. In theory, at least. None yet exists in Britain, but CostCo of the US has been negotiating UK sites for months. Nurdin & Peacock, the cash-and-carry operator, announced this month plans for two warehouse clubs. Now Littlewoods has thrown its hat into the ring.