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Mike Ashley once boasted he had “balls of steel”. Frankly, for anyone else to spend £45 million on shares in Debenhams after its Christmas drubbing, you’d need them.

Rise in profits for Debenhams

The department store is expected to post improved figures, amid speculation of a Finnish purchase

Insurer snubs House of Fraser

Britain's biggest credit insurer is refusing to cover suppliers to House of Fraser amid concerns about the company's performance.

Lady Gaga 'outerwear' helps to boost Asos sales by 30 per cent

Lady Gaga proved the unlikely inspiration for a sales boost of almost a third at online fashion group Asos, the latest retailer to post strong results over Christmas.

Best Christmas week ever for House of Fraser

Department store chain House of Fraser revealed record seasonal trading today as it offered more signs that retailers enjoyed a robust Christmas.

House of Fraser shines

House of Fraser has become the latest large retailer to post storming festive-trading results, driven by a strong performance from its new stores and branded offer.

Credit crisis diary: Lord Carter calls in the heavies

Ever sensitive to the accusation that ministers brief the press before Parliament, government officials applied a strict lock-in at yesterday's briefing for journalists on Digital Britain, with hacks banned from leaving the room until Ben Bradshaw had finished his House of Commons statement. One Evening Standard writer brave enough to make a break for it was escorted back into the room by security guards.

Exclusive: Most of Baugur’s head office staff to be made redundant today

Nearly all of the London head office staff at the beleaguered retail investor Baugur will be made redundant today.

For sale: the British High Street

Icelandic group with major holdings in more than 20 chains faces meltdown

200-year history no comfort for Viyella

Viyella, one of the oldest names in the British clothing industry, has joined the victims of the recession. Its womenswear section went into administration, though other parts of the business are still trading.

Middle-East funds go for Debenhams' Oxford St store after £150m deal fails

Middle Eastern sovereign wealth funds (SWFs) are poised to swoop on the flagship Debenhams store in Oxford Street, following the collapse of a £150m deal with a Ukrainian investor.

Green edges closer to Baugur takeover

Retail billionaire Sir Philip Green edged closer to a deal to buy the debts of Icelandic investor Baugur, a once- powerful predator that acquired a string of famous brands.

House of Fraser tries to reassure suppliers over Icelandic links

Baugur's connections to Iceland's troubled banking sector have raised fears that it may sell some of its UK high street assets

Woolworths and Iceland to meet for new bid talks

Iceland's chief executive, Malcolm Walker, is expected to meet Woolworths chairman, Richard North, this week to discuss a new takeover bid for the pick-'n'-mix retailer.

New House of Fraser management boosts sales and profits

House of Fraser has delivered a healthy uplift in sales and profits, as the changes made by its new management team bear fruit despite tough trading conditions on the high street.

Baugur: the iceman cometh...

First Oasis, then Karen Millen and Hamleys. Baugur, the Icelandic retail investment group, has already bought a string of familiar names from the British high street, but a successful tilt for Woolworths would result in its biggest acquisition here yet.
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