Luxury brand Mulberry has said that pre-tax profit for the year is likely to be significantly below expectations following a “challenging” year.In the 12 months, the retail business fell by 9%, with a decline in the UK offset by growth in International markets.In a statement, Mulberry said: “As reported on...
Internet giant Amazon has said that it will increase its UK workforce by 1,000 throughout its distribution centres in the coming months.Amazon said that the move followed “greater demand” and added that the new jobs would be created across its distribution centres in Doncaster, Dunfermline, Gourock, Hemel Hempstead, Milton Keynes,...
Lego has said that it will not renew its “long term” contract with oil company Shell when it expires. The move comes after high profile protests from environmental group Greenpeace.As part of the collaboration, Lego has sold brick sets of petrol stations and oil rigs with the Shell logo on...
Executive pay has continued to rise, with directors at the UK’s top 100 listed companies earning 120 times more than average salaries according to a new report from Incomes Data Services (IDS).Directors now earn an average of £2.43 million a year, according to the IDS, having risen by a fifth...
A new study has said that the number of new wine producers in the UK grew sharply, with a total of 135 producers now operating in the UK.Accountants UHY Hacker Young said that, in the year to March 31st, 46 new producers were registered in the UK, up from the...
The head of Microsoft, Satya Nadella, has apologised for comments he made suggesting that women should not ask for pay rises, but “have faith in the system”.The remarks, made at the Grace Hopper Celebration of Women in Computing conference to celebrate women in technology, have caused controversy and the interviewer...
Pay in the private sector is likely to rise faster than in the public sector, a new report has said.The Institute for Fiscal Studies has said that the pay gap between the sectors had returned to pre-crisis levels and that the difference was likely to increase over the next four...
Germany’s five economic institutes, known as the “wise men” have warned that the country’s exports are falling at the fastest rate since 2009, raising fears that Eurozone could be on the brink of a triple-dip recession.Germany’s exports fell 5.8% in August, prompting Volker Treier, head of the German Chamber of...
Jacamo and Simply Be owner N Brown has issued a profit warning after warm weather this autumn hurt sales of winter clothing.The group said that it now expects full-year profits of between £88 million and £92 million, compared to the £103 million originally forecast.Angela Spindler, chief executive, said: "We have...
The number of store closures on Britain’s streets rose in the first nine months of the year, according to a study by PwC and the Local Data Company.The number of town centre closures was 964, two and a half times the number seen in the whole of 2013, incorporating the...
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