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James Davey

Philip Green's Arcadia avoids collapse as creditors back deal

14 Jun 2019

LONDON Philip Green's Topshop-to-Dorothy Perkins fashion empire staved off a collapse into administration on Wednesday as creditors approved his sweetened restructuring plan. | Video

Tesco CEO not ready to check out in tough UK retail climate

13 Jun 2019

LONDON The boss of Tesco said he had unfinished business at Britain's biggest retailer after its quarterly sales growth slowed in a subdued grocery market under a cloud from poor early summer weather.

Ocado sows $22 million 'vertical farming' seed to diversify

10 Jun 2019

LONDON Britain's Ocado is ploughing 17 million pounds ($22 million) into the emerging "vertical farming" industry, further diversifying the online grocer and technology group's business.

Philip Green seeks more time to get Arcadia restructuring approval

05 Jun 2019

Philip Green's Arcadia fashion group adjourned Wednesday's creditor meetings to vote on the struggling British retailer's restructuring plan until June 12, seeking more time to win over disgruntled landlords and avoid a collapse into administration.

AO World warns October Brexit deadline poses risk for UK retailers' Christmas trade

04 Jun 2019

LONDON Britain's deadline to leave the EU at the end of October is the worst possible timing for the country's retail sector as it coincides with the start of the peak trading period, online electricals group AO World warned on Tuesday.

Never mind the profit fall, M&S says, focus on the changes

23 May 2019

LONDON Marks & Spencer asked to be judged on how fast it is changing as much as its financial results on Wednesday, as the British clothing and food retailer reported a third straight drop in annual profits. | Video

UK PM May to make 'new, bold offer' in Brexit bill, Labour sceptical

19 May 2019

LONDON British Prime Minister Theresa May said she will present a "new, bold offer" to lawmakers with "an improved package of measures" in a final attempt to get the Brexit divorce deal through parliament before she leaves office.

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