A Parliamentary committee has branded plans to introduce a 5p charge on plastic carrier bags as a “complete mess”.The Environmental Audit Committee (EAC) said that the “bag tax” must be kept simple if it is to work when it comes into force in 2015.Much of the disagreement stems from the...
French Connection saw an improved Christmas trading period for 2013, with sales and margin both better than expected. The group said that as a result it now expects loss before tax and exceptional items to be an improvement against previous expectations and will be in the region of £4.7 million...
A 48-hour strike by RMT and TSSA union members has hit commuters on London's tube network this morning. A limited service is in place until Friday morning, with approximately 100 extra buses being drafted in and the overground and tram services picking up the slack.According to the BBC, the current...
Winemaker Penfolds has released 330 bottles of a 50-year-old port at £1,900 each through its cellar door as well as travel retail outlets across the world.Penfolds 50 Year Old Rare Tawny is said to boast a "silky and luscious" palate with "concentrated flavours of mocha, chocolate, fruit cake, salted plum and...
Amazon saw sales growth in the UK slow last year, rising to just $7.29 billion (£4.47billion) from $6.48 billion in 2012, an uplift of just over half the 21% growth seen between 2011 and 2012.Nick Bubb, an independent retail analyst, said he was surprised by the extent of the slowdown....
The chairman of Punch Taverns Stephen Billingham has warned that the group faces years of uncertainty if a £2.3 billion restructuring plan isn't approved by creditors next Friday.Ahead of the vote, Mr Billingham said: "The next few days will be some of the most important in the company's history. The...
The owners of Game Retail have appointed advisors to determine whether or not to float the company on the stock exchange, according to reports.The retailer went into administration in 2012, closing approximately half of its stores resulting in 2,104 job losses.Since it was rescued, Game has seen market share recover...
Famous pottery firm Denby Group is being sold after a strong performance in 2013 and just five years after it was rescued from falling into administration.A focus on exports prompted record growth in North America and Asia which has prompted private equity owner Hilco Capital to appoint advisors to begin...
Apprenticeships are growing in popularity among both employers and young people according to figures released today by the National Apprenticeship Service. The quarterly Apprenticeship Index reveals a 24% increase in apprenticeship vacancies posted online on the apprenticeship vacancies website between August and October 2013 compared to the same period the...
Ocado’s co-founder Jason Gissing has said that he is to step down from the company at the AGM in May. The announcement follows an annual trading update in which the company saw widening losses.In the year ended Decmber 1st 2013, the company improved its sales growth and signed a transformational...
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