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The ex chief financial officer of Burberry is rumoured to be in the running to replace Joseph Wan as the chief executive of luxury department store Harvey Nichols.Mr Wan joined Harvey Nichols in 1992 and is expected to retire later this year or in early 2014.Ms Cartwright left Burberry in...
Tesco has said that its UK sales were flat in the company’s second quarter, despite a turnaround plan that has injected £1 billion into the company.Coupled with a poor performance in its European markets, the lack of growth in the UK brought first half group trading profit down 7.6%,Philip Clarke,...
The US has failed to agree a budget for the first time in 17 years, causing the shutdown of many state-funded businesses and impacting 800,000 workers.It is not known how long the deadlock between the two houses of Congress will last, but it has been estimated that a shutdown of...
Nearly two million workers have been automatically enrolled into workplace pensions over the past year, with fewer than 9% of people opting out – far below the estimated 30% which was anticipated when the scheme came into effect last year.However, analysts have warned that the programme will be put to...
Online retail giant Amazon.com has said that it will create over 70,000 full time seasonal jobs in the US, up 40% on its intake last year in anticipation of high customer demand this Christmas.Dave Clark, vice president of worldwide operations and customer service at Amazon, said: “Each year, seasonal jobs...
The national minimum wage has risen by 12p per hour from today, although unions have said that this is not enough.The adult minimum wage has gone up to £6.31, with the rate for 18 to 20 year olds increasing by 5p to £5.03 an hour and rising by 4p for...
Consumer online searches for hotels and lodgings based domestically outnumbered those located overseas by three to one, reveals the latest data from leading independent digital marketing agency, Greenlight.Greenlight’s Hotels Sector Report – Issue 17, found that in August, consumers made a total of 3.1 million searches on Google UK for...
Hundreds of thousands of fans will find out if their application for tickets to the Glasgow 2014 Commonwealth Games has been successful from today.Approximately 2.3 million people applied for up to one million tickets for the Games, with track cycling, held at the Sir Chris Hoy Velodrome, receiving 25 times...
Budget supermarket Aldi has said that it is becoming a strong competitor to the hold of the “big four” supermarkets in families’ weekly shopping after posting record annual profits.The results, due to be released today, are expected to show that Aldi is attracting a new market of middle-class customers as...
Thousands of pubs and restaurants dropped their prices by 7.5% for a day last week as part of a planned protest over high taxes in the hospitality industry.The campaign, called "Tax parity day", was organised by the lobby group of French businessman Jacques Borel, the VAT Club.Campaigners argue that a...
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