Mike Ashley's Frasers Group confirmed it was in talks with administrators of retail chain Debenhams on a potential rescue, but warned “time is short” to do a deal.
Retail sales came under pressure in November as the second national lockdown closed non-essential stores, industry research showed on Tuesday.
Wall Street stocks turned in a mixed performance on Monday amid an ever-increasing number of new Covid-19 cases across the US and ongoing stimulus negotiations between Republican and Democratic lawmakers.
The focus on Tuesday will continue to be on Brexit talks between the UK and the European Union, although according to some reports the possibility existed that they might be called off overnight.
European shares fell as investors fretted over the possibility of a no-deal Brexit and increased tensions between the US and China.
Stocks finished on a mixed note on Wednesday amid concerns about the endgame for Brexit talks with the European Union.
Stocks came under pressure at the start of the week as the clock on Brexit talks continued to run down amid negative news-flow out of Brussels at the weekend regarding prospects for a deal.
Homebuilders' shares paced losses on the second-tier index at the start of the week as investors waited with baited breath on the results of talks between the Prime Minister and European Commission chief, Ursula Von der Leyen, scheduled for later in the day.
Analysts at Berenberg upgraded automotive retailer Pendragon from 'hold' to 'buy' on Monday, pointing to "material upside" in the group's share price.
Keystone Law revealed on Monday that chief executive James Knight had disposed of 127,725 shares in the AIM-listed firm.
London’s FTSE 100 was little changed at 6,553. 48 in afternoon trade on Monday, faring better than its European counterparts as sterling slid on Brexit woes.
Chemicals company Elementis said on Monday that it has rejected a third takeover offer from US rival Minerals Technologies of 130p a share, arguing that it significantly undervalues the business.
Wall Street trading began on a mixed note on Monday amid an ever-increasing number of new Covid-19 cases across the US and ongoing stimulus negotiations between Republican and Democratic lawmakers.
ContourGlobal has agreed to buy a portfolio of natural gas-fired and combined heat and power assets in the US and Trinidad and Tobago from Western Generation Partners (WGP) for $837m.
AbCellera Biologics is looking to raise more than $380m in a forthcoming initial public offering, it was confirmed on Monday.
Rolls-Royce has agreed to sell its French civil nuclear business to EDF-controlled Framatome, the blue chip engineer announced on Monday.
Bob Dylan has sold his entire song catalogue to Universal Music in a deal reported to be worth more than $300m (£225m).
Irish building materials company Kingspan and Standard Industries were said on Monday to be among the final bidders competing for Firestone Building Products, a unit being sold by Japanese conglomerate Bridgestone.
Camera equipment manufacturer Kodak shares surged in pre-market trading on Monday after US government regulators found no wrongdoing stemming from a now halted $765. 0m loan.
The EU has set 9 December as its deadline for agreeing a Brexit trade agreement with both sides downbeat about the prospects for a deal, according to reports.
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