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Marks & Spencer has announced that John Dixon, executive director, general merchandise, has decided to leave the business to "pursue career opportunities outside of the company”, taking on the role of chief executive at an as-yet unnamed business. He will step down from the board with immediate effect and leave...
Sports Direct has recorded a 21% rise in profits and will give a bonus valued at around £37 million to permanent staff.Earlier this year the sports retailer was criticised for using zero-hours contracts, which do not guarantee employees work, but the company has now responded, labelling that criticism as "unfounded...
The Governor of the Bank of England, Mark Carney, has said that UK interest rates are likely to rise at the “turn of the year”.In a speech at Lincoln Cathedral, on the occasion of the 800th anniversary of the Magna Carta, Mr Carney said: “It would not seem unreasonable to...
Launching its flagship store in Regent Street this autumn, British fragrance company Jo Malone will be supplying exclusive services, products and consumer events.Regent Street is just one of many new stores to open as the company plan new boutiques in places such as Bluewater, St Pancras, Cheltenham and St Andrews,...
It has been announced that popular online gambling company 888 Holdings has bought rival gambling firm Bwin.party for £898 million.The takeover will commence at the beginning of 2016 and the plan is to provide cost savings of around $70 million (£45 million) a year by 2018.Joining the 888 board when...
Aga Rangemaster, the cast-iron cooker maker is reported to have agreed a sale with US firm Middleby Corporation for £129 million.Aga, which is based in Leamington Spa and has been producing stoves since 1930 will continue to manufacture the cookers in the UK.The firm, who also own Fired Earth tiles...
The Competition and Markets Authority (CMA) has said that supermarkets “could be in breach of consumer law” after conducting a three-month study that shows they are “misleading customers” with pricing promotions.The industry, via the BRC, has admitted that control over pricing promotions does need updating, and Which? has announced that...
Burberry has announced a slowdown in their first quarter retail revenue growth despite the brand’s iconic trench coats and checked scarves’ sales remaining strong.The retailer’s first-quarter growth was 8%, slightly down from the 11% growth in the previous three months. Sales in Hong Kong and mainland China were weak while...
The Confederation of British Industry (CBI) has commented on the latest ONS labour market data for the three months to May 2015, showing that unemployment rose by 15,000 and employment fell by 67,000 to 30.98 million – the first fall in two years. Neil Carberry, CBI director for employment and skills,...
New payment technology Apple Pay is now live in Britain. From today, UK cardholders who bank with MBNA, RBS, Santander and Nationwide will be able to upload their cards to their phone and use the system. Customers from HSBC, Lloyds and TSB will also be able to use the service...
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