The owner of House of Fraser has poured cold water on suggestions Mike Ashley may be able to set up Sports Direct concessions in the department store.
Mr Ashley holds an 11 per cent stake in House of Fraser and has already struck a concession deal with Debenhams, where he also holds a stake.
Asked whether that arrangement may be replicated in House of Fraser Sanpower boss Yuan Yafei told The Sunday Times: “At present, I’m afraid not. I don’t know Mike Ashley too well. That’s the only answer I can give.”
Weir Group is being tipped to provide more disappointing news this week as a result of a further slowdown in the global mining industry.
The Sunday Telegraph says the engineering firm, which has seen its shares tumble on the back of the sustained fall in oil prices, may revise its profit projections during a trading update.
Analyst from Panmure Gordon and Investec are quoted suggesting Weir is likely to see weaker demand for original equipment and servicing as a result of the slowing minerals market.
Lord Turner of Ecchinswell has told the Mail on Sunday he believes the Bank of England should consider printing money to help boosts the UK’s faltering economic recovery.
The former CBI and Financial Services Authority head does not advocate more quantitative easing where money created is used to buy Government bonds.
Instead he would hand over any money printed to the Government to spend and insists this would not lead to hyper-inflation.
A number of large media groups and private investors are circling Channel4, according to The Sunday Telegraph.
Discovery Communications, BT and a consortium led by entrepreneur Luke Johnson, a former Channel4 chairman, are among those mentioned.
The broadcaster, which is not yet officially for sale, is predicted to be worth at least £1 billion.
Selfridges has recorded record results with sales up 4.3 per cent to £1.3bn and operating profits rising 3.4 per cent to £155m.
The Sunday Times says the department store, owned by the Canadian branch of the Weston family, is spending around £300m revamping its flagship outlet on Oxford Street in London.
Tennent’s owner C&C Group is tipped to try to snap up any brands which will have to be offloaded as a result of the SABMiller and AB InBev merger.
According to The Sunday Times Bass and Boddingtons could be among the brews which come up for sale in the UK.
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