SYDNEY (Reuters) - Retail giant Wesfarmers Ltd <WES.AX> wrote off British hardware chain Homebase for more than its purchase price, saying on Monday it had made a series of mistakes that serve as ...

LONDON -- GUS PLC said Thursday it has agreed to buy home-improvement chain Homebase for &pound;900 million ($1.42 billion or &euro;1.41 billion), in a radical reshaping of the United Kingdom's ...

Australia's Wesfarmers has sold its ailing British business Homebase for £1 (US$1.35), it said Friday, having racked up huge losses with the DIY chain it bought just two years ago for £340 million.

Australia’s retail giant Wesfarmers on Friday walked away with its tail between its legs after it was forced to sell DIY chain Homebase for just £1, ending its calamitous two-year foray into the UK.

Australian retail conglomerate Wesfarmers is selling UK home improvement chain Homebase for a nominal £1 just two years after buying it. The sale ends an embarrassing offshore adventure that cost ...