Retail collapses put focus on administrators

24/04/16 BHS store in Stoke-on-Trent today. UK retailer BHS could file for administration as early as Monday, threatening 11,000 jobs. Sources close to the owners said that "things don't look good". Talks are continuing with Sports Direct to buy some of BHS's 164 stores but it is understood any buyer would only do so if it did not have to take on its £571m pension deficit. Last year BHS was sold by the entrepreneur Sir Philip Green for £1. He had bought it for £200m in 2000. Its new owners, Retail Acquisitions, said they would deliver £160m of funding to help turn around the fortunes of the chain, but have not been able to raise the sum. All Rights Reserved: F Stop Press Ltd. +44(0)1335 418365 +44 (0)7765 242650 www.fstoppress.com

Corporate recovery experts face physical threats as emotions run high, writes Kate Burgess

Shire chief shrugs off investor protests

Drugmaker remains one of the fastest growing in its sector

Universities look to Stanford on spin-outs

US institution advises academics on how to exploit their ideas

Start-ups struggle to nurture rapid growth

Lack of venture capital prevents new companies scaling up

Offshore rig operators reel from oil rout

Seadrill, Ensco and others report losses as producers curtail costly projects

MP Evans could regret focus on palm oil

Longevity might not bring sagacity for veteran company moving away from diversification

Boards must use power to limit excess pay

BP’s failure shows that executive remuneration must reflect the times

Mothercare unlikely to have growth spurt

Babywear and buggy retailer will struggle to throw off image of its ‘failure to thrive’

Asos delivers double-digit sales growth

Online fashion retailer lifts earnings 18%

Ross to wind up UK investment vehicle

NBNK to close without making a single acquisition

Punks and cheap beer? It must be AGM time

Financial rewards for BrewDog’s ‘equity punks’ not so clear

Candy interior design outfit falls to loss

Abortive move into commercial office development blamed

Santander launches quick loans for SMEs

Lender teams up with Kabbage to provide funding in matter of hours

A revival in high-end British footwear

Grenson and New Balance venture signals demand for craftsmanship

Brickmaker Forterra plans £450m IPO

Lone Star to sell 25% of its holding to institutional investors

Music streaming: a trickle

The likes of Deezer and Spotify are fishing in a small pool

Foreigners help lead UK tech groups

133% rise in foreign directors of UK tech start-ups since 2010

CPP fight may be over before it has begun

Hamish Ogston, former owner, has thrown in his lot with Schroders

BHS prepares for crunch vote on future

Department store faces administration unless creditors back restructuring plan

888 reports strong revenue growth

Gambling group paid $17.5m price for failed Bwin.party takeover

EMAIL BRIEFING

Sign up for FT Opening Quote, your daily City briefing, with commentary from City Editor Jonathan Guthrie on breaking corporate and market stories ahead of the London open.

Sign up now

The FT’s one-stop overview of key British economic data, including GDP, inflation, unemployment, business surveys, the public finances and house prices

COMPANIES NEWS ON TWITTER

More FT Twitter accounts
SHARE THIS QUOTE