Supermarket giant Tesco has announced that its group trading profits will not exceed £1.4 billion for the full financial year. The anticipated total was predicated to fall between £1.8 billion and £2.2 billion.The news follows the announcement earlier this year that Tesco had overstated its profit guidance by £263 million,...
Premier Foods has said that it is to "simplify" its debated practice of requesting that its suppliers pay for the right to do business with them.The company, which owns brands including Bisto and Hovis, was strongly criticised after it was revealed they had received millions of pounds from such payments.Chief...
Hacker group "Lizard Squad" has claimed responsibility for an attack on Sony's online PlayStation store. Visitors to the site were greeted this morning with a message that said "Page Not Found! It's not you. It's the internet's fault".Shortly after midnight, the group took credit for the hack, posting on social...
Christo Wiese, the South African billionaire who is thought to be worth more than £2 billion is planning to launch a new fashion retailer in the UK, targeted at mothers and children. The team he has assembled includes the former boss of Asda, Andy Bond, who it is thought will...
Customers shopping online at M&S are experiencing delays of up to two weeks, including next-day deliveries taking up to three days. M&S has also temporarily removed its next-day delivery service to stores due to the issues.Customers have been expressing their frustration via social media about the delays as the company’s...
A report from International Labour Organisation (ILO) has revealed that the annual average income in Asia has risen 6% in comparison to a global average growth of 2% in 2013, with China’s wages rising the fastest, up 9%.Despite the rise in wages in Asia it has been reported that "one...
Low budget airline Ryanair confirmed today that it will refund the £13 travel tax for children under 12 who are on flights departing the UK from 1st May 2015 as per the the decision of UK Chancellor George Osborne to abolish children's APD from 1st May next year.However, Ryanair said...
Premier Foods, one of the UK's largest food manufacturers, has been criticised for asking for payments from their suppliers in return for the chance to continue working with them.The company, which owns brands including Oxo and Mr Kipling requested an “investment payment”, which demands suppliers across the country to hand...
The Vodafone Foundation has announced a partnership deal with the UK’s paid internships website Intern Avenue.The partnership will see an expansion of Intern Avenue matching young people with employers across Europe, effectively connecting thousands of students and graduates with suitable employers.The Vodafone Foundation-Intern Avenue partnership will be announced at the...
The British Retail Consortium (BRC) has welcomed the news of a full business rates review along with an extension of a 2% cap on rates for next year as set out in the Chancellor’s autumn statement. The announcement also included an extension on small business rates for the next year,...
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