Homebase enters administration, but The Range buys up to 70 stores and the brand.

The deal to save Homebase by Chris Dawson, whose company CDS Superstores acts as parent company to The Range, was confirmed this afternoon by administrator Teneo.

Customers were scammed out of hundreds of thousands of pounds

A discount store owner described as a "Del Boy billionaire" has stepped in to save Homebase, the popular DIY and garden retailer, from the brink of collapse.

Up to 2,000 jobs are at risk after British home improvement retailer Homebase called in administrators who immediately sold up to 70 stores, the brand and its intellectual property to The Range owner CDS in a so-called prepack deal.

'These stores will include everything you’d expect from The Range'

Administrators have completed the sale of up to 70 Homebase stores, securing 1,600 jobs, but a further 49 stores and 2,000 jobs remain at risk

'These stores will include everything you’d expect from The Range'

A helicopter is dropping almost a million pounds of gravel and pipe gathered by the Arkansas Game and Fish Commission (AGFC) for future fish to flourish.

DIY chain Homebase faces an uncertain future after years of pressure from rivals with similar product ranges such as B&Q, Wickes, B&M, The Range and Home Bargains.

Stoa School, an edtech startup backed by Zerodha founder Nithin Kamath, has announced its closure after four years of operations.

The struggling DIY chain Homebase has collapsed into administration, leaving thousands of workers facing an uncertain future, despite the purchase of the bulk of its stores by the owner of The Range homeware retailer. Gavin Park, Gavin Maher and Adele Macleod from the financial advisory firm Teneo were appointed as joint administrators of Homebase’s owners, HHGL Limited and Hampden Group Limited. – Guardian

London open The FTSE 100 is expected to open two points lower on Thursday, having closed down 0.06% on Wednesday at 8,030.33.