It has been reported that Tesco is considering spinning off its South Korean operations as part of a wider plan to offload its Asian assets.The supermarket is understood to have hired HSBC to work on the sale of its 400 South Korean stores, according to Reuters, which could be worth...
It has been a great 12 months for the UK’s biggest pet shop group, Pets at Home as they announce a 10% increase in full-year earnings as well as the opening of 25 extra stores over the next year.Figures show that sales at stores have increased by 4.2% which include...
Ikea has announced that it will spend EU1 billion (£735 million) during the next five years to take on climate change, and it says if other companies follow in its footsteps they will be able to force the price of energy down.The money will be divided up with EU 500...
Marc Bolland, Chief executive of high street retailer Marks & Spencer, earned more than £2 million in the last financial year, including a £596,000 bonus and pension benefits.Their annual report stated that, because the business met its profit target, Marks & Spencer paid bonuses across the company, following the recent...
It has been reported that Lufthansa Group are introducing a surcharge of EU16 (£11.60) for customers that purchase flights through third-party websites such as Expedia, ebookers and Opodo.Martin Riecken, a spokesman for the German airline said: "The distribution cost charge will drive up the cost of tickets booked via so-called...
Tesco, the UK’s largest supermarket has announced today that it is launching a new scheme to give every day’s unsold food to children’s breakfast clubs and homeless hostels. Tesco reported that it threw away around 55,400 tonnes of food during the last year, however 30,000 tonnes of the food could have...
Apple is urging owners of their Beats Pill XL to stop using it as it poses a fire risk.The technology firm says any owners of this product should return the it because the battery can overheat. At least one person has been injured by a defective unit.In North America alone, more than...
Electrical goods and mobile phone retailer Dixons Carphone has said that sales were strong in its first full year of trading as one entity, with like-for-like revenue up 6% and market share gains across electricals and mobile in the UK & Ireland, Nordics and Greece.In a statement, group chief executive...
A crash on an £18 million rollercoaster which left at 16 people injured yesterday led to the closure of the Alton Towers and sent shares in its parent group Merlin Entertainments falling on the FTSE.Two men, aged 18 and 27, and two women, aged 19 and 17, suffered "significant lower...
Fashion retailer American Apparel has been granted a restraining order against former boss and founder of the company, Dov Charney.Under the terms of the order Mr Charney, who founded American Apparel in 1998 with a $10,000 loan from his father, cannot make any negative statements in the press about the...
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