Pentland moves into JD Sports as founders quit

The founders of JD Sports today shared £44.6m after agreeing to sell their stakes and quit the high street chain. John Wardle and David Makin are selling their combined 45% shareholding to clothing maker Pentland Group in a move that values the company they founded in 1981 at £99.8m.

IKEA lodges plans for Merseyside store

Swedish furniture retailer IKEA has submitted plans for a store in Netherton, Merseyside. The 280,000 sq ft (26,000 sq m) store will be built on land between Dunnings Bridge Road and Heysham Road in the Switch Island area of north Liverpool.

Hale exits Manchester city centre bar scene

Manchester-based Hale Leisure has sold its four remaining bars in the city for around £5m. Hale, co-owned by Simply Red manager and Ask Developments chairman Andy Dodd with founders Aiden Clancey and Eamonn Dwyer, has sold its Barca, Prague 5, Berlins and Glass bars.

Regional variations in CBI’s business confidence data

Manufacturers across the UK believe the worst of the recession is now behind them, research out today showed. According to the latest CBI/Business Strategies quarterly Regional Trends Survey, business confidence in most areas has risen for the first time in more than two years.