A private equity firm is plotting a bid for Mothercare in a move that would end the UK retailer’s 40 years as a publicly listed company, reports said today.

Embattled retailer HMV Group said today that it had secured more time in its battle for survival, despite issuing a third profits warning this year.

The sale of bookseller Waterstone’s moved a step closer today when embattled HMV confirmed it was exploring options for the chain.

Floor coverings chain Carpetright today said it is on track to smash half-year profit forecasts after enjoying a fresh jump in sales.