Sport A view of Elland Road

The terms of a buy-out were agreed last year

Reckitt Benckiser says farewell to £92m boss

Reckitt Benckiser boss Bart Becht, an executive famous for cleaning up on pay day, shocked the market yesterday with news he is to quit the consumer goods group later this year. The announcement wiped £1.5bn from the company's value.

Reckitt chief Bart Becht to step down

One of Britain's highest paid bosses announced today that he is stepping down after 16 years as chief executive of household goods giant Reckitt Benckiser.

Arsenal fans will not sell shares to Stan Kroenke

The Arsenal Supporters Trust will not be selling their shares to prospective new owner Stan Kroenke after voting "unanimously" to retain a stake in the club.

Foreign ownership in the Premier League

Stan Kroenke today moved a step closer to a full takeover of Arsenal by taking his stake in the club to 62.89%.

Tax investigation delays Rangers takeover

Craig Whyte's takeover bid for Rangers hit another snag after an ongoing tax investigation threatened to add to the club's debt.

Craig Whyte on verge of Rangers takeover

Scottish tycoon Craig Whyte was last night poring over the details of an agreement with Lloyds Banking Group which could allow him to move closer to a takeover of Rangers.

Wine merchant Oddbins to close 39 stores

Wine merchant Oddbins has announced it is to close 39 stores as it moves to secure the future of the loss-making business.

Two rivals remain bidding for Blacks

The sale of Blacks Leisure is drawing to a close this week.

Costain targets Mouchel at £170m

Costain raised the stakes in the battle for the outsourcer Mouchel with a new takeover proposal worth £170m yesterday.

Health firm to sell for £100m

St Luke's Healthcare, which treats and looks after adults and adolescents with mental health problems and brain injuries, is set to go on sale for around £100m.

Smith & Nephew in new takeover speculation

Another major British company finds itself in the takeover spotlight today after a report that the healthcare group Smith & Nephew had rejected an approach from its US rival Johnson & Johnson.

Firms waste £60bn of working capital

Analysis by the accountants Deloitte reveals that British companies are sitting on £60bn of unproductive working capital, despite the widespread adoption of "just in time" and other methods of minimising liquid capital requirements.

Costain told to pay up if it wants to buy Mouchel

Mouchel, the support services group, batted away an improved all-share takeover proposal from the construction group Costain yesterday that would value the group at around £150m, a £31m improvement on its first approach.

Charlton sack manager Phil Parkinson

Phil Parkinson and his coaching staff were today sacked by Charlton's new owners.

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