Hilco took £25m in dividends from Homebase despite £10.6m in UK Covid aid
Many other large UK retailers have handed back government supports
Homebase to close three of its 11 Irish stores
Store also plans to cut 1,500 jobs as struggling home-improvement chain seeks to shore up performance
Australian shops fighting ‘bag rage’ following plastic ban
Worker reportedly grabbed by throat as crackdown on single-use bags angers consumers
Bank of Ireland attracts interest as markets generally flat
Weaker oil prices hit majors, including Tullow Oil, BP and Royal Dutch Shell
Wesfarmers concedes defeat with £1 sale of Homebase
Restructuring specialist Hilco buys DIY group after Australian retailer learns an expensive lesson
Market turmoil, tracker scandals and sporting profits
Business Today: the best news, analysis and comment from ‘The Irish Times’ business desk
Homebase takeover becomes tale of retail disaster
Australian owners write down almost £600m after totally misjudging market
Global stocks extend biggest sell-off since 2016
Investors remain spooked by threat of inflation in US
Homebase owner mulls exit from UK and Irish markets
Wesfarmers is reviewing future of its 250 Homebase stores in UK and Ireland after bungling 2016 takeover
Brexit vote overshadowed a busy year for North’s business
Jobs figures have been positive but uncertainty hangs over Bombardier
Argos has best sales performance for two years
Improvement despite takeover by Sainsbury’s and poor weather
Argos owner faces wait for approval on Sainsbury’s takeover
Deal expected to complete in third quarter of year assuming no intervention by authority
Sainsbury to buy Argos owner for £1.3bn
Deal will combine two of the UK’s biggest retailers in an effort to fight back against competition
Home Retail confirms Homebase sale to Wesfarmers
Homebase to rebrand as Bunnings in Ireland and the UK as it goes head-to-head with B&Q
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