020 7432 8855 to advertise
Cereal company Weetabix is planning a cut in hours and pay in an attempt to avoid redundancies as it faces pressure from supermarket own brands and discount grocers.The Northamptonshire-based company employs some 2,000 workers.In a briefing document answering questions from Usdaw, the trade union, In a statement this weekend, the...
McDonald's has temporarily closed its restaurants in the Crimea as diplomatic tensions in the region increase.The group said that it hoped to re-open the outlets as soon as possible."Due to operational reasons beyond our control, McDonald's has taken the decision to temporarily close our three restaurants in Simferopol, Sevastopol and...
House of Fraser is threatening legal action against Mike Ashley and Scottish retail tycoon Sir Tom Hunter following a deal which could derail an agreed Chinese takeover of the department store.In a press conference on Friday, House of Fraser said that it had agreed to be bought by Chinese group...
Budget airline Ryanair has announced that it will be creating 200 new jobs as part of an expansion programme that will include the recruitment of 500 new pilots, engineers and cabin crew this year.The airline, which is relaunching its website this month, reported a loss of £34 million in the...
It has been reported that the finance director of Tesco is to step down as early as next week.Laurie McIlwee is thought to have clashed with Philip Clarke over the group’s strategy and failed to warn investors ahead of a sharp drop in profits in its central European division.Tesco, which...
Accountancy firm Deloitte has said that the high street is showing “great resilience” despite the retail collapses of recent years.In a study which compiled data from 27 major company administrations since 2009 and data from the Local Data Company, Deloitte found that only one in five High Street shops affected...
Marks & Spencer has announced plans to step up its international expansion, including opening 250 new stores, growing its food business and increasing its franchise operations.In a series of presentations from the senior M&S team and Al-Futtaim, one of M&S’s key franchise partners, M&S revealed that, over the next three...
Vodafone has said that it will up its investment in its UK operations to £1 billion this year, opening 150 new stores and creating 1,400 jobs.The first stores will open in London's Notting Hill, Fulham, Walthamstow, Wembley, Ilford, and across the country in Perry Barr and Bicester. The company said...
Shareholders in Sports Direct have rejected a bonus package for the chain’s founder Mike Ashley that would have netted him £72 million in shares.The company called off a meeting scheduled for Friday in which shareholders were due to vote on a proposed bonus for Mr Ashley. However, the meeting was...
Marks & Spencer is aiming to break back into the French market by planning 250 new overseas stores with 20 of the new food-only stores to open in Paris.By 2017 Marks & Spencer, which already operates 455 international stores across 53 territories, plans to increase its international sales by 25%...
Why not sign up for daily news emails?
