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Heathrow opens Terminal 2 About 11 years ago

The first flight has landed at Heathrow’s newly opened Terminal 2, known as the Queen’s Terminal, replacing the first permanent passenger building at the airport which was opened in 1955.It is hoped that the opening will be less fraught than the opening of Terminal 5 in 2008 which was beset...

Compulsory plastic bag tax will begin next year About 11 years ago

A 5p charge on every plastic bag which could cut their use by at least three-quarters will come into effect next year.The move will be outlined in the Queen’s speech today, which will also include information on the Government’s efforts to curb the use of zero hours contracts.The move, which...

New code to help pub landlords cut beer ties About 11 years ago

Pub tenants are to be protected from unreasonable beer ties under a new statutory code which will be enforced by an independent adjudicator who will have the power to impose sanctions on pub owners who break the rules.Beer ties, which require landlords to buy products from the company which owns...

Global airline profits to be hit by fears for Chinese economy About 11 years ago

The International Air Transport Association (IATA), the worldwide airline industry’s trade body, has said that profits will be hit by concerns for the Chinese economy.IATA director general Tony Tyler said that the industry faced “strong headwinds” which would likely bring 2014’s global profits down to $18 billion from the $18.7...

Punch Taverns agrees sale of five pubs About 11 years ago

Punch Taverns has announced the sale of five pubs to Isle of Weight based company Manica Properties for £9.7 million. The pubs to be sold are freehold outlets located in central London and the agreement is expected to complete on June 30th. In a statement, Punch said that, for the...

Female retail workers in the US earning less than men About 11 years ago

Female retail workers in the US earn $4 less per hour than their male colleagues, according to a report released this week.Amy Traub, senior policy analyst at Demos and the author of the report, said that the discrepancy was partly due to the number of women in part-time positions, but...

Motorola to close US factory following lack of demand About 11 years ago

Google has said that its Motorola Mobility factory in Texas will close after a lack of consumer interest in its Moto X smartphone. The move is a blow to Google’s attempts to bring viable smartphone manufacturing back into the US.The Moto X was priced at $600 before later being dropped...

Siemens restructuring will impact 11,600 workers About 11 years ago

A massive restructure of German company Siemens will directly impact 7,600 jobs worldwide, with the potential to affect another 4,000.Many of the employees whose jobs are to be affected may be redeployed as the company aims to streamline its divisions from the current 16 to just nine....

American retailer 8Seconds looks to UK move About 11 years ago

South Korean fashion brand 8Seconds, part of Samsung’s fashion arm, has engaged a property agent to review its options for a UK opening.Launched in 2012 with the slogan “Cheaper than Zara, trendier than Uniqlo”, the brand targets twenty-something shoppers with fashion and lifestyle ranges. On its website, the chain says:...

Cash use “at its lowest level” About 11 years ago

Shoppers’ use of cash has fallen to its lowest level on record, a report by the British Retail Consortium (BRC) has said in its latest retail payment survey. The data reveals that a growing proportion of smaller payments previously made in cash are now being made in other ways.The 14%...

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