Retail news
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Store cards discounts scrapped
- Posted:
- 22 November 2011 10:40
Stores will stop offering discounts to encourage customers to sign up for store cards under a voluntary deal after talks with the Government.However, there will not be a cap on the rate of interest that can be charged on the cards, consumer minister Ed Davey told MPs. He also unveiled ...read more
M-commerce to soar in next decade
- Posted:
- 17 October 2011 09:49
British consumers are set to spend nearly £20 billion a year buying goods "on the go" using mobile phones and tablets in the next 10 years, a study forecasts.Barclays Corporate research forecast that m-commerce will enjoy a massive boom from £1.3 billion this year to hit £19.3 billion in 2011, ...read more
Barclay bros buy up Claridges, the Connaught and the Berkeley
- Posted:
- 30 September 2011 09:26
Media barons the Barclay brothers have sealed an 800 million euro (£696 million) deal to take control of debts built up by Irish investors who bought three of London's top hotels. Sir David and Sir Frederick, owners of the Daily Telegraph, now own Claridges as well as the Connaught and the ...read more
Asda secures funding for expected Iceland bid
- Posted:
- 26 September 2011 10:24
Supermarket giant Asda has secured a financial boost ahead of a planned bid for frozen food retailer Iceland, it was reported today. The chain, which is part of American retail giant Wal-Mart, has lined up backing from Barclays Capital as it looks to beat off bid competition from Morrisons and Iceland's ...read more
£3 million to help riot-hit businesses
- Posted:
- 25 August 2011 10:15
A £3 million fund was launched today to help businesses hit by the riots and looting which devastated parts of England this month.A coalition of businesses, supported by London mayor Boris Johnson, announced a High Street Fund offering cash support to smaller firms hit by the disturbances.Firms including Barclays, BP, ...read more
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