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The UK retailer’s warning that guidance was overstated by 250 mln stg reflects a serious controls failing. Chair Richard Broadbent recently delivered a new CEO, but has been slow to fix the board. His own lack of retail experience is starting to look like a drawback.

Alibaba IPO highlights SoftBank's value dilemma

Following the Chinese e-commerce group’s listing, the Japanese conglomerate’s 32 pct stake is worth $75 bln. It eclipses the value of SoftBank’s core businesses. The near-5 pct drop in SoftBank’s shares after the IPO is a reminder the investment is both blessing and burden.

Larry Ellison cedes driver seat with hand on wheel

The Oracle founder is stepping down as CEO, but his 25 pct stake in the software giant – and dual role as chairman and chief technology officer – ensure he’s far from relinquishing control. Splitting his old job between two executives could, however, lead to a bumpy transition.

NFL only understands hits where they really hurt

The U.S. football league has thrown its weight around to grow into a $10 bln entertainment colossus. Victims of the sport’s violence get trampled until the likes of Anheuser and Nike play offense. Corporate America may be all that keeps the NFL from going the way of boxing.

VC bigwigs reveal Valley's contradictions

Peter Thiel’s new book sets out possible features of the next world-changing startup that will earn its founders a monopoly – another Google, say. Ben Horowitz’s focuses on running a tech company amid fierce competition. One is about vision, the other – for most people – reality.

Scots' no to independence still leaves UK in limbo

The roughly 55:45 vote against secession in a landmark referendum reduces many risks: financial instability, a UK exit from Europe and a sharp fall in trade. But the bribe to no-voters of more devolved powers creates other dangers – including a weakening of the union.

Australia at sharp end of China outbound ambition

Growing ties to China are a source of anxiety but the lop-sided relationship is here to stay. As Chinese buyers widen their horizons from resources to property and education, Australians have a chance to show they’re pragmatic. Beijing could help too, with a touch of soft power.