Clothing chain Next has said that it is cautiously optimistic that sales will recover in the second half of the financial year, after unseasonably warm weather meant slower sales in the first half, leading the retailer to cut its full-year expectations.In a trading update covering November and December, the company...
Retail sales growth in the UK hit its highest level in a decade, helped by the much-hyped Black Friday shopping event. In November 2014, the quantity bought increased by 6.4% compared with November 2013. This was the highest year-on-year increase since May 2004 when it grew by 6.9%.Meanwhile, the underlying...
Irish airline Aer Lingus has rejected a takeover bid by British Airways’ parent company, International Consolidated Airlines Group.In a statement, IAG confirmed that it had submitted an offer and that it had been rejected. The deal would have given it valuable extra take-off slots at Heathrow, as Aer Lingus is...
An investigation by the BBC’s Panorama programme has claimed that the standards on workers' hours, ID cards, dormitories, work meetings and juvenile workers were being breached at the factories supplying Apple.Filming on an iPhone 6 production line showed overworked employees falling asleep on their shifts amidst poor working conditions.Apple said...
Technology giant Apple has stopped selling products online in Russia due to the economic instability caused by fluctuations in the rouble.The Russian currency has lost 20% of its value against the dollar since the start of the week, smashing records for all-time lows on Monday and Tuesday.Apple stopped sales of...
The Government has struck a deal with the major mobile phone networks that will improve mobile coverage across the UK, reducing the areas of bad coverage known as “not spots”.EE, O2, Three and Vodafone have said that they will invest £5 billion to guarantee coverage over 90% of the UK...
An investigation by a leading investment bank into the 'black hole' in Tesco's accounts could be larger than first thought.JP Morgan has published research into the supermarket group's accounts filed at Companies House over the past eight years including filings from the group's supermarket, property and distribution arms. It concluded...
A festive theme park designed by Laurence Llewelyn-Bowen has closed after a major investor pulled funding for the project following a wave of problems since opening.The Magical Journey attraction, near Birmingham, was forced to shut a day after opening following customer complaints. It then re-opened several days later, but has...
SpiceJet, the Indian airline which is struggling under $314 million (£200 million) in debts has had all of its flights grounded after oil companies refused to refuel any of its planes, according to reports.Civil aviation authorities have given SpiceJet, which is the country’s fourth-biggest airline by market share, an extended...
Food manufacturing firm 2 Sisters is setting “beyond unreasonable” terms in its contracts, according to reports.The firm, which produces Goodfella’s pizza and Fox’s biscuits, is seeking payment terms of over four months and a discount if it pays within 90 days from its suppliers, according to documents seen by the...
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