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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.

Does Sir Tom feel hunted?

Last July, the Scottish entrepreneur Sir Tom Hunter felt confident enough in his investments to pledge £1bn to charity. A year has proved a long time in the retail and property sectors

Struggling Jessops awards chairman £500,000 cash bonus

The struggling photographic equipment retailer Jessops has paid its executive chairman, David Adams, a cash bonus of £500,000 for securing new banking facilities for the company and saving it from collapse.

House of Fraser reports 2.4 per cent sales boom

House of Fraser delivered a set of sparkling Christmas figures yesterday and helped to spread some cheer in the beleaguered retail sector.

Yorkshire 355 Middlesex 332-5: Joyce celebrates call-up with unbeaten 154 to stump Yorkshire

Ed Joyce was able to celebrate his call-up to the England one-day squad yesterday with a big hundred in the four-day match here. It was the third time he has passed 150 in his burgeoning career - one of his previous ones was scored here last year - and his third in all at the Walker Ground.

National Grid plans £12bn spend to boost gas import capacity

National Grid, the owner of Britain's gas and electricity transmission networks, unveiled plans yesterday to invest £12bn over the next five years.

Painting with pixels

Using computers in art classes can bring out a whole new creative side in children, says Amy McLellan

Retail confidence hit as Woolworths reports a bleak Christmas

The first proof that retailers struggled during the crucial Christmas period emerged yesterday when Woolworths and House of Fraser issued profits warnings.

Store cards: why punish yourself?

They charge sky-high rates of interest but British shoppers can't get enough of them. Resist the temptation, writes Melanie Bien

House of Fraser to profit from store card deal

House of Fraser, the department store chain, is set to gain a surprise profits boost this year from its Recognition store card operation.

Market Report: Gossips say Hunter to sell House of Fraser stake

House of Fraser, or more specifically its biggest shareholder Tom Hunter, was the talk of the Square Mile yesterday. Brokers reported whispers that the Scottish retail entrepreneur may be looking to sell his 11 per cent stake in the company, a holding worth about £30m.

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