Yours for a pound: The firms sold on the cheap
DIY chain Homebase has been sold for just £1, after its Australian owner Wesfarmers decided to abandon its disastrous foray into the UK.
Wesfarmers paid £340m for the retailer two years ago, but losses and other costs will bring its total bill to about £1bn.
The chain is being bought by restructuring specialist Hilco, which rescued music chain HMV in 2013.
The £1 price tag reflects the company's negligible value, but Homebase is far from being the first firm to be sold for £1 by an owner wanting to ditch a loss-making business.
Here are a few more:
BHS In 2015, Sir Philip Green sold the BHS... read more
- 09:33 Broken fencing at children’s play area in Bispham to be fixed “in...
- 09:32 Campaigners protest in Leeds against hike in rail fares
- 09:31 Stephanie Smith: Whatever happens with your A-level results, you...
- 09:31 'There’s still a bit to do' - Steve Bruce on Aston Villa loan...
- 09:31 'It's the job' - Every word from Garry Monk on off-field issues and...
- 09:30 Man taken to hospital with serious injuries after stabbing
- 09:29 Cystic fibrosis boy, 8, urges firm to lower Orkambi drug price
- 09:29 Effects of psychedelic DMT 'similar to near-death experiences'
- 09:28 New Wigan fishing shop is angling for success
- 09:28 Liverpool star Fabinho speaks out on competition and debut chances...
- 09:28 Man Utd news: Juan Mata eyed by Valencia as he enters final year of...
- 09:28 Watersplash play at Trinity
- 09:27 'Tenants on our own land': New Zealand bans sale of homes to...
- 09:25 Dundee owner Tim Keyes confident new stadium will ease financial...
- 09:25 Dundee United rising star Declan Glass recalls Tony Andreu wonder goal
- 09:23 Campaigners protest in Leeds against hike in rail fares
- 09:21 Opening tonight: New Harrogate restaurant
- 09:21 Unai Emery dealt January transfer blow as Aaron Ramsey demands put...
- 09:20 Football transfer rumours: Real Madrid's Luka Modric to Inter?
- 09:20 Tiger Woods mania takes us back to simpler and more innocent times
- 09:20 Man exposes himself to two women in Banbury
- 09:19 Balfour Beatty on solid foundations
- 09:18 Pensioner arrested on suspicion of starting blaze in Sheffield...
- 09:17 Jose Mourinho provides Manchester United squad update for...
- 09:17 Restored Chesterfield bus will be part of couple’s special day
- 09:17 Honda updates HR-V for 2019
- 09:16 Why you shouldn’t get involved in the dandruff scraping trend
- 09:15 Ivan Lewis speaks out about his struggle with mental health
- 09:15 Here is what to do if you think your neighbours are smoking cannabis
- 09:15 No parking cones 'removed' on busy diversion route on Walney