• Zuber Issa to step down as EG Group CEO as he eyes petrol site deal

    Zuber Issa to step down as EG Group CEO as he eyes petrol site deal
    EG Group co-founder Zuber Issa is planning to stand down as co-chief executive of the petrol station empire that he built, leaving his brother Mohsin Issa to lead the business.
    Salim Hasan, the chief operating officer of EG Group, also intends to step down, however,  the prospective changes will only happen if Zuber Issa completes a deal to buy a selection of sites from EG Group, according to a bond prospectus seen by Bloomberg News.
    EG Group investors have been told that it is in “ac
  • Currys shareholder calls for sale of mobile phone business

    Currys shareholder calls for sale of mobile phone business
    A major Currys shareholder has urged the firm to sell its mobile phones division in the wake of two failed takeover attempts for the electricals retailer.
    Fund manager JO Hambro, which holds a 4.5% stake in the retailer, wants Currys to sell ID Mobile, a subsidiary that sells monthly phone contracts and is valued at around £350 million, according to The Sunday Times.
    Last month, both US investor Elliott and Chinese retail giant JD.com walked away from takeover talks with Currys.
    Hambro, th

Follow @retailuknws on Twitter!