UK Taxpayer Faces £50m Bill For Comet Collapse

A funding black hole for staff redundancies and tax demands means the Government must cover losses for the troubled  Comet Group retail chain. Comet was an electrical retail chain trading in the United...

Comet sold for £2 and new owners get £50m sweetener

Loss-making electricals chain Comet has been sold to Hailey Holdings and Hailey Acquisitions a turnaround specialists group backed by private equity company OpCapita for just £2, in the latest sign of the dire ...