Retail news
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Iceland owners in buyout talks
- Posted:
- 13 December 2010 09:44
The owners of frozen food retailer Iceland are in talks with Middle East investors over a potential sale of the chain for up to £1.5 billion, it was reported today.A consortium headed by the Global Banking Corporation of Bahrain is holding early-stage discussions on a takeover of Iceland, according to ...read more
BA sees profits take off
- Posted:
- 29 October 2010 10:01
British Airways has announced an expectation-shattering half-year profit of £158 million, more than double many analysts' predictions and the first time its has made a half-year profit since September 2008. The feat is all the more remarkable given the nightmarish events that have beset the company this year including the ...read more
WH Smith posts rise in profits
- Posted:
- 14 October 2010 09:45
Stationery and books chain WH Smith today said its profits rose by more than expected after a record performance at its travel-based stores.The group posted pre-tax profits of £89 million in the year to August 31st, up 9% on a year earlier and despite a 4% drop in like-for-like sales.The ...read more
Iceland receives suitor interest
- Posted:
- 11 October 2010 09:32
The owners of frozen-food chain Iceland have received two bids for the firm, it was reported today.Malcolm Walker, founder and chief executive of Iceland Foods, has offered £1 billion to buy back the business he set up 40 years ago, according to the Sunday Telegraph newspaper.The retail tycoon and other ...read more
Thomas Cook warns of job cuts
- Posted:
- 28 September 2010 09:20
Tour operator Thomas Cook warned of job cuts today as it looks to make "substantial" cost savings across its UK business.The group confirmed it was reviewing its UK workforce of between 13,000 and 15,000 staff, as well as its supplier base and all divisions in the UK arm.Thomas Cook, which ...read more
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