Over 100 company bosses have pledged their support for a Conservative-led government in an open leter published in the Daily Telegraph. The letter, whose signatories include Baroness Brady, Tidjane Thiam, Sir George Iacobescu, Duncan Bannatyne, Sir Ron Dennis, Cassie Hutchings, Sir Stuart Rose and T Ramachandran, said that a labour government...
Asos has announced a 10% fall in first half profits, but said that this would not impact its full year forecasts. In the six months to February 28th, Asos reported pre-tax profits of £18 million, down from £20.1 million a year earlier.The online fashion retailer attributed the fall to price cuts...
Plans have been submitted in order to improve and expand on the current New Mersey Shopping Park in Liverpool to include a new multi-screen Cineworld cinema, six restaurants and shopping outlets. Neil Ashcroft, New Mersey Shopping Park’s centre manager, said: “This planning application represents a significant investment in the shopping park...
Budget Central and Eastern Europe-based airline Wizz Air has announced that it will grow its network route with two new routes from Budapest to Bologna and Glasgow, which will start on 5th and 13th June respectively, with two weekly flights.Seats have already gone on sale from just £28.49 on the...
Italian online fashion company Yoox and London-based Net-a-Porter have agreed to a merger, creating a combined group which will generate joint net revenues of EU1.3 billion (£950 million).Net-a-Porter, who is owned by the Swiss luxury group Richemont, will still have 50% of the shares, however they will only have 25%...
Kingfisher, owner of DIY chains Screwfix and B&Q, is to close around 60 of its B&Q stores in the UK and Ireland over the next two years, as well as its "few loss making stores in Europe".The group said in a statement: "Kingfisher has said for some time that B&Q...
Luxury retailer Prada saw a hit in its net profit of 28% in 2014 as sales dropped in its main markets China and Europe.The year ending January 31st saw the firm’s net income at Eu451 million (£330 million), down from Eu628 from the previous year and failing to hit analysts’...
Watchdog are investigating claims that millions of pension data is being sold to fraudsters and cold-calling firms.The Daily Mail reported that firms are selling information such as salaries, pension and investment values for as little as 5p to external companies without consent.Investigating the paper’s claims is information commissioner Christopher Graham...
Ambitious, passionate, successful female retailers are urged to enter the 2015 Specsavers everywoman in Retail Ambassador programme, which launches today. This initiative, fronted by Dame Mary Perkins, champions and promotes women in retail – be they working in organisations or as entrepreneurs. By showcasing the diversity and breadth of opportunities...
B&Q-owner Kingfisher has dropped plans to acquire French DIY rival to its Castorama chain, Mr Bricolage after it failed to obtain anti-trust clearance.Anti-trust laws refer to illegal practices which restrain trade, such as mergers which may reduce the competitiveness of the market.It has been reported that Kingfisher is looking at...
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