More than 3,000 retail jobs were saved today after the childrenswear chain Adams was bought out of administration.

Clothing retailer Austin Reed highlighted its recovery today with a return to first-half profitability.

British clothing retailer Austin Reed today emerged as the target of a £42m (€62m) buy-out bid from the owners of a finance and property investment firm.

With the Easter holidays looming, some of the London market’s smaller companies will take their turn in the spotlight this week.

Roger Jennings, chief executive of Austin Reed Group PLC is to step down and leave the company immediately as it reported a sharp 11.3% fall in like for like sales over the 22 weeks through to January 10.