for people that shop at homebase before, it just wasn‘t the same and people that shop at homebase beforee before, it just wasn‘t the same and that was one of the bigger issues. they were unusually candid about how they got it wrong as well when it became obvious they were in trouble but you mention of course as we know that high—street retailers are struggling, what has homebase in its latest incarnation is going to do to secure its future? one thing diy stores have necessarily done particularly well has been online. of course online has been an area diy stores just haven‘t really branched into for a lot of obvious reasons, but there has to be a shift in how these companies work. it hasn‘t necessarily worked previously and looking at the regional differences, and, of course, diy is something... when there are economic issues within a country people don‘t necessarily branch out or move houses. we‘ve seen housing numbers dropped recently so home improvement becomes particularly big. so in a situation of uncertainty in the uk due to brexit and other regions, diy should be an area that reall

and for homebase, people that shop that homebase, people that shop that homebase before, itjust wasn't wrong as well, when he became obvious they we re as well, when he became obvious they were in trouble. but you mentioned as we know, that high street retailers are struggling. what homebase in his latest incarnation, are going to have to do to secure its future? one thing that diy stores have not necessarily done particularly well has been on mind, of course all mine has been an area that the eye why stores just have not really branched into. for a lot of obvious reasons. i think there has to be a shift in how these companies work. it hasn't necessarily worked previously. and looking at the regional differences on and of course diy is something when there are economic issues within a country people don't necessarily branched out, they don't necessarily branched out, they don't necessarily move houses. we have seen housing numbers dropped recently. so home improvement becomes particularly big. so in a situation of such uncertainty here in the uk due to brexit, due to other reasons as w

homebase first.is why. that is a cbe. —— company voluntary agreement. wonder that you mentioned, that as an administration. that is much more ofa winding an administration. that is much more of a winding down. let's go to someone who understands a lot more detail. it explain and ministration, it is much more of an end of line. an administration as an insolvency progress that is initiated by the company's progress that is initiated by the compa ny‘s administrators. to progress that is initiated by the company's administrators. to wind up the company, to collect and distribute those assets to the distributed bully predators. wonga will be an orderly winding down, something administrators can. 0ut will be an orderly winding down, something administrators can. out of the fire. yes that can be done and a number of ways. by way of a pre—tax deal, which is a sale in advance of a company going into administration as we saw the house of freezer. if you also be a few of the company's assets after the company h

homebase rescued from collapse as stores shut.of two evils with this agreement. 42 of their shops are going to go. what is curious is, there is good and bad news. we have coca—cola buying costa coffee so there will be more copy but lots of high street stores are struggling, whether it is house of fraser or whatever. what is curious about this one is that most of them are struggling because of the competition from on line. if you can buy something more cheaply and get it delivered to your home, you can see why that is very difficult for small shops to compete with. but homebase is not that market. you need to go there, get your rickety trolley, load up your page. it's not something you get delivered to your door or by these big bits of furniture to do home improvement. i'm slightly surprised it's in so much trouble. it means management problems. there is a suggestion that a lot of the management team might come back. bunnings, the australian company took them over and they got it wrong by their own admission. who knew that diy aust

where did it go wrong for homebase?mebase perceval, was seen as one of the worst deals for a long while. he took the brand but they did not take over any of the ethos that homebase was doing. when you see the situation retailers are in at the moment, high street rhys taylor ‘s —— retailers have been struggling. but that is a lot to do with the economy here for an of different reasons but usually during that time, it tends to be the fact that we look at diy as being one of the better performing areas and that just did not materialise. at the positive news is homebase has another chance. it has another chance to move forward. yes, there is good to be store closures and somejob losses is good to be store closures and some job losses but the fact that homebase continues to function is good to be a very positive move. how did the australian owners get it so wrong? how different is diy and australia to the uk? one of the things they did wrong was the product placement. they really pushed a lot of products that were not necess

the diy chain homebase is to close 42 stores, putting 1,500 jobs at risk.nd coming up on bbc news. defeat for andy murray in the opening round of the cincinnati open as he targets improvments on his road to recovery. good afternoon and welcome to the bbc news at one. a man's being held on suspicion of terror offences after a car collided with cyclists in westminster. the vehicle ploughed into a security barrier near old palace yard in front of the houses of parliament. several people were taken to hospital and the area is still cordoned off. the man in custody is in his late twenties, and police said he is not to cooperating with them. theresa may has praised the rapid response of the emergency services and said her thoughts were with the people who'd been hurt. the government's emergency cobra committee is to meet this afternoon. ben brown is in westminster. we are at the police cordoned, and it happened just down the road. the whole area of westminster is still in lockdown. all the roads around the palace of westminster and parliament square still sealed

i don't think that was the case of homebase.ge, they got rid of the uk management on day one when they came in. they were arrogant and how they went about things. before they bought it, homebase was a profitable business. and so i really think it is about getting some of the in—store basics right more than it is about the rise of online shopping. that is not what has hit homebase. is it not? i am surprised you say that because right the way across retail it is an mind thatis the way across retail it is an mind that is making these great inroads and people going to the stores and they see what they want and then they see what they want and then they go and look for it online, probably from somebody else. they do in some categories. diy has probably been a bit slower to move online than other sectors. with the exception of businesses like screwfix that were almost built around that model. most retail sales is still made restorers. certainly the rise of online is transforming the rise of online is transforming the landscape and ret

homebase has already been shutting stores.ame, it really is. i mean, because there's nothing. where can we go here in walking distance to get some plants and things like this? there's nowhere. i'm sort of ambivalent about it in a way but, obviously, there's a loss ofjobs that kind of thing, then it's very tricky for people. there's no doubt retailers are having a tough time but, here's the thing. homebase was a profitable business until it was bought two years ago by one of australia's biggest companies. they thought they could teach the brits a thing or two about diy but they made a real hash of it. we've got carpet and we've even got rugs. in australia, the bunnings diy chain is a big success but, in the uk, its product mix didn't work and the losses quickly mounted. lowest prices are just the beginning. homebase was then sold for £1 in may to the turnaround company, hilco. it said many of the 42 stores were losing money and decisive action was needed. it's going to be really tough homebase to win customers back. the housing

homebase has already been shutting stores.et to follow. it's a shame, it really is. i mean, because there's nothing. where can we go here in walking distance to get some plants and things like this? there's nowhere. i'm sort of ambivalent about it in a way but, obviously, there's a loss ofjobs that kind of thing, then it's very tricky for people. there's no doubt retailers are having a tough time but, here's the thing. homebase was a profitable business until it was bought two years ago by one of australia's biggest companies. they thought they could teach the brits a thing or two about diy but they made a real hash of it. we've got carpet and we've even got rugs. in australia, the bunnings diy chain is a big success but, in the uk, its product mix didn't work and the losses quickly mounted. lowest prices are just the beginning. homebase was then sold for £1 in may to the turnaround company, hilco. it said many of the 42 stores were losing money and decisive action was needed. it's going to be really tough homebase to win cust

homebase has already been shutting stores.ere in walking distance to get some plants and things like this? there's nowhere. i'm sort of ambivalent about it in a way but, obviously, there's a loss ofjobs that kind of thing, then it's very tricky for people. there's no doubt retailers are having a tough time but, here's the thing. homebase was a profitable business until it was bought two years ago by one of australia's biggest companies. they thought they could teach the brits a thing or two about diy but they made a real hash of it. we've got carpet and we've even got rugs. in australia, the bunnings diy chain is a big success but, in the uk, its product mix didn't work and the losses quickly mounted. lowest prices are just the beginning. homebase was then sold for £1 in may to the turnaround company, hilco. it said many of the 42 stores were losing money and decisive action was needed. it's going to be really tough homebase to win customers back. the housing market is stagnant and consumers are prioritising essential spend. t

homebase really need this deal, jane. hand over fist, this 40—year—old chain. it is losing money, hand overfist, and needs to cut costs. its finances are so precarious that this entire chain was sold for £1 precarious that this entire chain was sold for e1 in precarious that this entire chain was sold for £1 injune to a turnaround company, now, homebase had been owned by one of australia's biggest firms and it was a disaster. they sacked experienced managers and removed popular products. the losses mounted, said the new owners said decisive action was needed, including the closure of 42 stores. but this restructuring deal is a form of insolvency, and that legally needs the approval of creditors, including all the suppliers and landlords. lots of those landlords are unhappy because they will be taking a big financial hit. telco says simply be brands are unsustainable and if this deal does not go through their administration is very likely. in other words, their entire chain would collapse with the loss of around 11,000 job

uk home improvement chain homebase faces a make—or—break vote on its future later. rents on others as part of a rescue plan. but some landlords plan to vote against the deal. hilco capital, which bought the chain for £1 this summer to try and turn it around, says if the deal is rejected it is "very likely" homebase will go into administration. india is likely to confirm its position as the fastest growing major economy with figures out later. economists think its gdp grew at an annual rate of 7.6% in the three months tojune — after growing at 7.7% in the first quarter. india overtook france to become the world's sixth largest economy last year, and is now closing in on the uk. president trump into step of a trade war with beijing. has an those tiny stocks low and partially erased gains made in this week's global rally. many currencies have been hit after argentina's peso sanglah per se, yet again. that is it. we are back soon. goodbye. the number of elderly people needing round—the—clock care will almost double in england over the next 20 years, according to a new s

it is a sorry tale for homebase. it for £1 because they couldn't make it work, —— in 2016. then it was bought by a turnaround specialist. they want to go to the landlord to get a reduction in the rent. a lot of the stores are reduction in the rent. a lot of the stores a re not reduction in the rent. a lot of the stores are not making money. they say they are paying too much money for the out warehouses and it is costing too much. what happens today is the make or break meeting with the landlords. whether they are prepared to take a cut in how much rent they are paid. we have seen this in the high street as well. some have been successful. some haven't. these are out of town. i would have thought the rent was less penal than the high street. they are absolutely huge warehouses on the edges of town. some of them are still in the suburbs, not all out on motorways, so they cost a lot to run and people are not going through the doors. what they have said is we wa nt to doors. what they have said is we want to cut the rent

and homebase at closing 42 stores?s like a demanding task. thank you, and that is all of the business news for me today. thank you. that visit from your afternoon live tea m that visit from your afternoon live team today, next you‘ll bbc news at five o‘clock and ben brown will be reporting from westminster with the latest on the attack. now let‘s get the weather. what we are seeing at the moment is a typical weather pattern for this time of year. instead of high pressure dominating we have a strongerjet pressure dominating we have a stronger jet stream closer to pressure dominating we have a strongerjet stream closer to the uk and the weather is coming in from the atlantic. over the next few days we will find bands of cloud bringing outbreaks of rain. not much rain today for england and wales but it has been a different story across scotla nd has been a different story across scotland and northern ireland with outbreaks of rain pushing eastwards across scotland, petering out though we may get late sunshine in the north

why haven't homebase been able to capitalise on that? homebase certainly has its own problems.limbo position. the problem with homebase is it has a few stores which just aren't profitable and when you are trying to turn the business around like that, you can't have unprofitable stores holding you back. that is, i think, why the one quarter of good weather we have seen isn't enough to change the longer term issues that are facing homebase. also the whole diy industry, really. and that is what is going on with the businesses, the retailers on our streets. what do you see as being the biggest changes among customers of yours? i think customers want to work around the house all the time. tradesmen and diy —ers have not passed the skills on between generations. they are turning to tradesmen to do that work. you must go around some of these stores yourself. do you think there is anything they could be doing better to encourage people to get involved with doing stuff themselves? yes, they have leaflets and books and things like that to try and encourage things, but that is passed the

homebase creditors voted in favour of a rescue plan that will result in a2 stores closing.arrangement would help turn the business around. thousands have gathered for the funeral of aretha franklin, who died at the age of 76 earlier this month. in a moment the sport but first a look at what else is coming up this evening. at 7pm we discuss what needs to be done to prepare the care sector as experts predict the number of people aged 85 and over needing 2a hour ca re aged 85 and over needing 2a hour care is set to double. in news watch we look at coverage this

on the brink of collapse: the diy retailer homebase faces

the british retailer homebase says it is reviewing its range of weedkillers after a landmark court case, the makers of roundup. former school groundsman dewaynejohnson was awarded nearly $300 million after a jury in california ruled the spray, which contains the chemical glyphosate, caused him to develop terminal cancer. monsanto insists its product is safe and says it plans to appeal. this morning scientists at the us space agency, nasa, are hoping that their dream to send a probe close to the sun will finally get off the ground. the unmanned parker solar probe was supposed to launch yesterday, but its departure was cancelled with just moments to go. john mcmanus reports. it is one of nasa's most exciting missions. destination — the neighbourhood of our nearest star, the sun. close to the moment of liftoff yesterday, though, a helium pressure alarm caused the launch to be delayed. due to weather conditions, the next opportunity is this morning. all being well, the probe will travel through our solar system for three months before arriving at the corona, the atmosphere around the sun, w

there are more troubles on the high street, as the diy chain homebase announces plans to close 42 storesve puts up to 1500 jobs at risk. in a moment it will be time for sportsday, but first a look at what else is coming up this evening on bbc news. at 7.30, we'll have maureen hinton, a retail analyst from global data, on—set to tell us more ministers are promising more powers for social housing tenants — we'll be discussing the new proposals and what they mean. and later on we'll be reviewing tomorrow's newspapers with the ft‘s laura hughes, and asa bennett from the telegraph. that's at 10.40 and again at 11.32. that's all ahead on bbc news. now on bbc news it's time for sportsday. hello and welcome to sportsday. good evening. england all—rounder ben stokes has been cleared of affray after an altercation near a bristol nightclub last september. two—time formula one champion fernando alonso takes a step away from the sport for next season but hints he could be back one day. "our biggest challenge" — celtic manager brendan rodgers knows his team has a tough trip to athens as they continue

major retailers that sell these weedkillers are taking this case in the united states erik cikos homebaserange of products that contain glyphosate that the bbc understands there is no timetable for that review, the products will stay on the shelves in the meantime they won't put any new warning labels on them. thank you very much indeed. president erdogan of turkey insists his country is not going bankrupt, despite what he calls its economic war with the united states. the turkish lira has hit record lows against the dollar after president trump doubled tariffs on imports of turkish steel and aluminium. the row between the two nato allies is over the detention by turkey of an american pastor, on terror charges. here's our business correspondent joe lynam. crowds were out in force in northern turkey today in support of their president in this escalating and very public row between two nato allies. this dispute could destabilise the middle east and global markets and today president erdogan did nothing to calm the situation. he told supporters that the economy was not in a crisis nor going

the british retailer homebase says it's reviewing its range of weedkillers after a landmark court casekers of round—up. former school groundsman dewaynejohnson was awarded nearly $300 million after a jury in california ruled the spray, which contains the chemical glyphosate, caused him to develop terminal cancer. monsanto insists its product is safe and says it plans to appeal. events are being held in charlottesville, virginia, to mark the one—year anniversary of deadly clashes in the us, spaked by a white supremacist rally. earlier, president trump tweeted that last year's violence between far—right demonstrators and their opponents resulted in senseless death and division. 0livia crellin reports. "good night, white pride." that's the message the members of this antifascist group carried through charlottesville as thousands gathered to remember those who lost their lives. marching over messages of love and peace chalked onto the streets, protesters made their way to the place where a suspected white supremacist drove his car into a crowd one year ago, killing 32—year—old anti—racist

the british retailer homebase says it is reviewing its range of weedkillers after a landmark court casento, the makers of roundup. former school groundsman dewaynejohnson was awarded nearly $300 million after a jury in california ruled the spray, which contains the chemical glyphosate, caused him to develop terminal cancer. monsanto insists its product is safe and says it plans to appeal. a new offence of causing death by dangerous or careless cycling is to be considered by the government in an effort to improve road safety. cyclists who kill pedestrians would be treated in a similar way to dangerous drivers under the new legislation. the laws are being proposed by the government after mother—of—two kim briggs was killed by a cyclist in 2016. cycling uk, a national charity, claimed a full review of road traffic offences is required. a ceremony will be held in 0magh today to mark the 20th anniversary of the dissident republican bombing which killed 29 people. it was the highest death toll of any attack during the northern ireland troubles. john campbell's report contains some distressing

the struggling diy retailer homebase has secured the approval of creditors to close 42 of its stores,e company said the move would give it a platform to turn the business around and return it to profitability. it also staves off the immediate threat of administration. the brexit secretary, dominic raab, has given an upbeat assessment of his latest talks in brussels with his eu counterpart michel barnier. he said he was "stubbornly optimistic" that a deal was within reach. adam fleming is in brussels, does it look like there was genuine progress in these talks? believe it or not, the big hold—up is over parmesan cheese, parma ham and polish vodka, why? because brussels wants the uk to replicate the european system that protects some regional european products and stopped being made anywhere else and the british government is not too sure about signing up it. there are big divisions between the sides about the eu back—up plan for preventing the reintroduction of customs checks on the irish border, a situation michel barnier says is urgent and critical, but where there are big strides be

homebase is expected to announce plans to close 42 stores, putting about 1,500 jobs at risk — that'shley — the founder of sports direct — says he'll keep most house of frazer stores open. he bought the chain last week — just hours after it went into administration. he says he wants the shops to be the harrods of the high street. uk unemployment is at the lowest level since 1975 — that's more than a0 years. it fell by 65,000 to 1.3 million in the three months tojune according to official figures. that's despite the number ofjobs created going up less than expected — by 42,000. the number of people from the eu working in the uk, fell by 86,000 — that's the biggest fall since records began in 1997. but the number of workers from outside the eu went up by 711,000 tojust over a million. there was a slowdown in the growth of wages — they went up byjust 2.7%. analyst anna leach says that living standards are still under pressure. households have remained, incomes have remained under pressure for some time now, so it doesn't do anything see is that pressure. it's worth bearing in mind the ba

with homebase announcing store closures this week too, does this mean that diy has had its day?do these results tell us about the way that people view diy? we had the way that people view diy? we had the beast from east earlier in the year and everyone was talking about doom and gloom. surely the heatwave has improved things? absolutely. what we see from the figures that came out this morning, the first half of the year for kingfisher, it has really been a tale of two quarters. the beast from the east, west and depressing easter, it meant people didn't go out and didn't spend, and sales across all the diy retailers in that period were very bad. the second quarter has been the polar opposite. we have had incredible weather, extended periods of good weather, which has encouraged people to go to b&q, the garden centres, to do up their homes and spend. the big question is whether the second quarter would be enough to offset the first quarter. we knew it would be better but how much? the answer is possibly not. the figures add b&q was still in negative territory, which says a lot abo

homebase creditors voted in favour of a rescue plan that will result in 42 stores closing. chief executive said the company volu nta ry chief executive said the company voluntary arrangement would help turn the business around. thousands have gathered for the funeral of aretha franklin, who died at the age of 76 earlier this month. in a moment the sport but first a look at what else is coming up this evening. at 7pm we discuss what needs to be done to prepare the care sector as experts predict the number of people aged 85 and over needing 2a hour ca re aged 85 and over needing 2a hour care is set to double. in news watch we look at coverage this week and viewers‘ response including an interview with bbc editorial standards director about the bbc legal case with sir cliff richard. and we will be looking at the front pages... hello and welcome to sportsday. i‘m azi farni. coming up in the show. jose mourinho says he‘ll still be the special one, even if he doesn‘t win a title at manchester united. iam the i am the manager of one the greatest clu bs i am the manager of one the

the struggling diy retailer homebase is set to close a further a2 stores, putting about 15 hundred jobsy and says that the current number of outlets is no longer viable. the regulator ofcom has fined royal mail a record £50 million for breaching competition laws. the fine is for its actions in 201a when whistl, then known as tnt, was trying to become its first competitor in wholesale mail delivery. whistl is seeking damages, but royal mail says it will challenge the fine. city regulators are urging people to be on their guard against pension fraud — after new figures showed victims lost a total of £23 million in scams last year. people are being tricked out of an average of £91,000 each, but the true scale of the problem is thought to be far bigger. more than a thousand rhinos are killed every year in south africa. their horns are used as a medical remedy or increasingly as a status symbol in asia — and they're worth more than cocaine. a bbc investigation has found that it's notjust the consumers or traffickers who are to blame. corruption is allowing criminals to continue killing the r

times leads with the bridge that collapsed in genoa, leaving many dead, as well as the diy retailer homebase'snnouncement, which is that it's to close 42 stores. the metro's front page has the verdict on ben stokes's trial. not guilty of affray in bristol. the daily star also leads with the ben stokes trial and that aquittal. the mirror's top line is the suspected terrorist attack near the houses of parliament, and reference to the police arriving within seconds on the scene. it also has coverage of the collapsed bridge in genoa. also leading with the westminster attack, and that collapsed bridge in genoa, is the telegraph's front page, as well as the times. the is front page has an image of the moment police swarmed the westminster attacker‘s car. and, finally, the guardian's main story is the reported rise in pay for chief executives, while workers' pay failed to match inflation. 0k. let's get onto it. we are going to start with the mail. laura, the mail, westminster attack, 700 live terror probes, revealing the scale of the threat to the uk — a huge operation today, and an even bigger opera

diy retailer homebase faces a make—or—break vote on its future on friday.that sale of costa coffee from whitbread to coca cola in a deal worth £3.9bn. chief executive alison brittain has described the sale as a "win—win" for everyone, she said the price paid by coca—cola was far higher than if costa had been demerged into a stand—alone company on the stock market. joining us now is laith khalaf, senior analyst at hargreaves la nsdown. good morning. a good different whitbread shareholders, pretty good for them. yes, absolutely. a very good day for them and their shareholders and this is a pretty good deal, i think. shareholders and this is a pretty good deal, ithink. previously, whitbread had said that it was going to spin off costa has a separate business, which was happening really asa business, which was happening really as a result of shareholder pressure from activist investors on the shareholder register, but that was going to take quite a while, probably two years or so. and it's not entirely clear what price the market would have bet on costa, so now

homebase has secured the approval of its creditors to close 42 of its stores — putting 1500 jobs at risk profitability. it also staves off the immediate threat of administration. coca—cola is to buy the uk‘s biggest coffee chain, costa, in a deal worth nearly £3.9 billion. whitbread who own the chain will now focus on its premier inn busines, while coca cola said it planned to make costa into a global brand. the competition watchdog has launched legal action against online ticket reseller viagogo over concerns it is breaking consumer protection law. the regulator issued warnings to the big four secondary ticket sites at the end of last year. it now says viagogo has failed to make the required changes to its business model. the funeral of aretha franklin is taking place in her home city of detroit. the singer died earlier this month at the age of 76, from pancreatic cancer. ariana grande is performing at the moment. one of quite a number of performers who have been influenced by her, inspired by your aretha franklin, performing there for hundreds of invited guests. well, that is of course

the owners of homebase say that without an agreement, it's very likely that the firm — which has overcould help thousands of people with severe asthma is to be offered more widely on the nhs. the procedure uses radio waves to melt muscle tissue in the lungs, which restricts breathing in asthma sufferers. at the moment, the treatment can only be offered to adults. the charity asthma uk describes the procedure as lifechanging. the uk's biggest coffee chain costa, is to be sold to coca cola in a 5.9 billion deal. costa is currently owned by the british pub and restaurant giant whitbread — which also owns premier inn and beefeater. the boss of coca cola says the deal gives it new access to the hot drinks market. there are around 2,400 costa coffee shops in the uk, more than double the number of starbucks. stars from the world of music have marked the life of aretha franklin in a tribute concert in detroit, ahead of her funeral later today. stars such as gladys knight, the four tops and dee dee bridgewater, performed to an audience of 5,000 on the city's waterfront last night. the queen of