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Tesco has confirmed the purchase of a £30 million private jet, a week after announcing a £250 million black hole in its balance sheet. However, chief executive Dave Lewis has ordered that all five of the company’s jets are to be sold. The Gulfstream G550 was ordered and paid for...
Business Secretary Vince Cable is planning a £1.06 per hour pay rise for the lowest-paid apprentices, he will tell his party conference later today.Mr Cable will suggest to the Low Pay Commission that the apprentice rate of the minimum wage and the 16/17-year-old rate should be combined.If the move is...
Morrisons has launched a loyalty card scheme, Match & More, which provides a price guarantee against competitors including the big four as well as the discounters such as Lidl and Aldi.If a comparable grocery shop is cheaper at any of these supermarkets, Match & More users will automatically get the...
Middle East retailer The Toy Store has announced plans to open a 27,000 sq ft shop on Oxford Street, in the West One shopping centre next to Bond Street tube station. The outlet will be the retailer’s first store in the UK.Mark Handley, commercial director of The Toy Store, said:...
Victoria Beckham took time to pose for an Instagram photo with her “youngest customer so far” at her new flagship clothing store on Dover Street.Mrs Beckham was making a visit to the store, which opened last Thursday.The store has no display window or tills as payment is taken through an...
Next has advised shareholders ahead of a meeting later this week that warmer weather in September has impacted the gains made in a cooler August, dragging down third quarter sales to 6% from an estimated 10%.The company added that its profit forecast for the full year remained within previous guidance...
The chief executive of travel firm TUI has said that he is “very pleased” with his company’s trading in the summer 2014 peak season, particularly in the UK and Germany which are on target to deliver record profits. In a statement, Peter Long added that winter 2014 was also looking...
Domino’s Pizza has seen success from its UK operations, with the fourth successive quarter of double-digit like-for-like sales growth. In the 13 weeks since the end of the company’s first half, UK sales were up 12.9%, helped by a shift to online ordering and 13 new stores were opened, bringing...
Cosmetics giant L’Oreal has stopped all staff traveling to Hong Kong on business trips as the unrest in the city grows.Tens of thousands of protestors are blockading the streets of the city, demanding a free vote for its next leader without the interference of Chinese officials, something Beijing has rejected.An...
A survey from the British Chamber of Commerce (BCC) has said that nine out of ten companies think that young people are not ready for employment, with more than half of companies saying that this includes graduates.Three-quarters of the 3,000 companies surveyed said that the skills gap was down to...
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