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THE WIRE

BUSINESS NEWS HEADLINES

CVC revs up £1.2bn sale of warranty giant D&G
CVC revs up £1.2bn sale of warranty giant D&G

The former owner of Formula One motor racing is revving up a fresh attempt to offload Domestic & General (D&G), the warranty giant which insures millions of Britons' household appliances.

Mothercare sees 'improving UK trends' as losses leap
Mothercare sees 'improving UK trends' as losses leap

Mothercare has reported a 20% leap in losses for its last financial year but says it is now starting to see "improving trends" in its core UK market as it continues attempts to transform the business.

Triton swoops to bid for Thomas Cook’s Nordic arm
Triton swoops to bid for Thomas Cook’s Nordic arm

One of Europe's largest buyout firms has approached Thomas Cook Group about a takeover of its Nordic airline and tour operator that could help the British company improve its fragile financial outlook.

Ex-BT chief Patterson gives up £500,000 bonus
Ex-BT chief Patterson gives up £500,000 bonus

The former chief executive of BT Group has waived half of his £1m annual bonus for his final year at the helm amid a fresh escalation of shareholder hostility towards multimillion pound pay deals at blue-chip companies.

UK chip designer Arm hangs up on under-fire Huawei
UK chip designer Arm hangs up on under-fire Huawei

UK chip designer Arm Holdings has cut off relations with Huawei to comply with tough US sanctions against it, dealing a blow to the Chinese firm's ability to develop new smartphones.

Green to unveil revamp of Topshop empire
Green to unveil revamp of Topshop empire

The high street tycoon Sir Philip Green is to launch a make-or-break revamp of his Topshop empire that could see landlords handed a shareholding of more than one-third of the business.

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