George Osborne has said that the new budget which is due to be announced today will help to support a “resilient” UK economy.The chancellor will make his speech at 12:30 and is expected to include plans to boost economic security.Amongst the expected announcements is a cut in employers’ contributions to...
Google has reportedly identified a location for its first retail store, just around the corner from Apple in New York’s SoHo area.According to online reports, Google is planning an 8,000 sq ft shop but it is not known when it is scheduled to open.Google already operates Android stores in Australia,...
UK-based online fashion retailer ASOS has seen another good period of sales growth, with retail sales up 26% year-on-year for the two months ended February 28th, although the company’s earnings margin is expected to shrink this year to around 6.5% due to investments in the UK and Germany as well...
An employee of supermarket chain Morrisons has been held by police after the payroll data of approximately 100,000 staff members, including bank account details were published online last week. A disc containing the data was also sent to the Telegraph & Argus newspaper in Morrisons’ hometown of Bradford.West Yorkshire Police...
Sainsbury’s has seen an end to nine-years of quarterly sales growth, as budget supermarkets continued to take a bite out of the mainstream grocery market.Although it maintained its own market share at 17%, the second-largest UK supermarket said today that total sales in its fourth quarter were down 1.5%, down...
Clothing chain Next is expected to report higher profits than Marks & Spencer for the first time when it delivers its annual results later this week.Next was founded in 1982 by George Davies, who is also known for George at Asda and Per Una at M&S.In its January trading statement,...
The national minimum wage will increase by 19p an hour to £6.50 in October, the government has announced, in a move that will benefit half a million workers.Business Secretary Vince Cable said he had accepted a recommendation from the Low Pay Commission that the minimum wage should increase by 3%,...
The payroll details of up to 100,000 Morrisons employees have been stolen in a data breach which involved bank account details being published online and being sent to a newspaper on disk.Morrisons says that staff will be not be "financially disadvantaged" by the data theft.Detective Chief Inspector Nick Wallen of...
Vodafone has agreed to buy Spanish company Ono for Eu7.2 billion in order to expand its operations in Europe.Ono is owned by a private equity company, providing cable TV and internet services to over 1.9 million customers in Spain.Vodafone boss Vittorio Colao said the deal was "an attractive value creation...
Alistair McGeorge, chairman of New Look, is to step down at the end of May “to pursue other opportunities”.Anders Kristiansen, CEO of New Look said: “The Board joins me in thanking Alistair for his commitment and invaluable contribution to the group. He has been an instrumental part of the transformation...
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