Debenhams comment by Sports Direct forces watchdog to intervene. Outgoing director confirms Mike Ashley’s company has no plans for Debenham’s bid. The Takeover Panel has been forced to intervene after a director caused confusion by saying the retailer has considered buying Debenhams (DEB) – before insisting he did not intend to make the comment. The intervention by the City watchdog for corporate deals prompted Sports Direct to issue a formal statement confirming it did not plan to make a bid for the struggling department store chain for six months.
The energy company SSE (SSE) has issued a profit warning, blaming the looming price cap on the industry’s poor-value default tariffs, the hot weather and higher gas prices. In an unscheduled trading update, the firm, one of the UK’s big six energy suppliers, said adjusted operating profits at its household supply business would be significantly lower next year, if the industry regulator’s proposed cap is implemented on 1 January.
Ryanair Holdings (RYA) boss tells Chris Grayling to ‘get off his backside’ and strike deal with EU. Michael O’Leary also warned a no-deal Brexit would ground flights causing public outrage
