Shareholders in Sports Direct have rejected a bonus package for the chain’s founder Mike Ashley that would have netted him £72 million in shares.The company called off a meeting scheduled for Friday in which shareholders were due to vote on a proposed bonus for Mr Ashley. However, the meeting was...
Marks & Spencer is aiming to break back into the French market by planning 250 new overseas stores with 20 of the new food-only stores to open in Paris.By 2017 Marks & Spencer, which already operates 455 international stores across 53 territories, plans to increase its international sales by 25%...
The first of 40 official merchandise stores for this summer's Commonwealth Games has opened in Glasgow's Central Station.The store that was launched this morning will be open seven days a week and will be selling official Glasgow 2014 merchandise and Team Scotland goods as well as replicas of the competition’s...
Asos has announced that sales for the first half of the year have risen 34% to £482m as the firm attracted 2.2 million brand new customers.The British online retailer which now has 8.2 million active customers in total has been reflecting on its infrastructure investment to make sure that it...
London Heathrow has said that it will accept a decision from the Civil Aviation Authority (CAA) to impose caps on the prices the airport can charge airline.The decision was made after the CAA ruled that Heathrow, Europe’s busiest airport, had too much market dominance. However, airlines have said that the...
Supermarket Sainsbury’s has kicked off April Fools’ Day with the announcement that it is to introduce bread which always falls butter-side up.On its website, Sainsbury’s claims: “Our butter-side-up bread is baked in higher temperatures allowing for a more rapid expansion of the dough. This process helps create larger air pockets...
The long-running patent row between the world’s two biggest smartphone companies will be resumed in California, with Apple accusing Samsung of copying distinctive features from its devices. The Korean firm has thrown the same allegation at Apple.Apple wants $40 from every device sold that it judges to have infringed its...
Lufthansa has said that it will be forced to cancel 3,800 fights this week as a pilot strike hits the German airline.The strike, over pay and conditions, will affect 425,000 passengers over Wednesday, Thursday and Friday."The announcement alone has already caused significant damages since passengers have already rebooked flights and...
Retail sales in Germany have seen an unexpected rise for February, raising hopes of a strong first quarter.Europe’s largest economy saw a 1.3% rise in the month, beating expectations from analysts who had predicted a 0.5% fall.If sales achieve a 1.6% rise in the quarter, as now looks likely, it...
Luxury department store Selfridges has announced the appointment of Victoria Meekings as senior marketing manager – fashion.With extensive experience accrued over the past 12 years across luxury PR, communications and retail, Ms Meekings will be responsible for managing the marketing of Selfridges fashion categories across the business.She will work closely...
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