Approximately 800 jobs are to go at movie and game rental chain Blockbuster as the administrators of the firm said that the remaining 91 stores across the UK will close on Sunday.The move comes after a buyer for the firm failed to materialise and brings to an end 25 years...
An employee of Morrisons has been arrested as part of a Financial Conduct Authority probe into insider trading. The man is not thought to be part of Morrisons’ management board and the supermarket has declined to comment on the arrest. ...
Shop Direct has appointed My-Wardrobe.com co-founder Sarah Curran as a director as part of a strategy to attract more luxury brands to the group’s sites, according to reports.Ms Curran will join the group, whose brands include Very, Littlewoods and Isme, next week.Ms Curran commented: said: “When I launched My-Wardrobe back...
Asda has warned Facebook users against a scam that claims to give respondents a "£500 Asda Christmas voucher".Users clicking on the link are asked to share the fraudulent page and then take an online survey, which captures their data including their phone number. Although the page has been branded to...
The Co-operative Group has appointed Labour's former City minister, Lord Myners, to lead a review into its corporate governance. Lord Myners will join the group’s board with immediate effect at a “crucial” time in its development.Lord Myners told BBC Radio 5 live that he would be paid a nominal £1...
Hilton Worldwide, the international hotel chain, has raised $2.35 billion (£1.4 billion) in a sale of shares. The money will be used to pay off some of the group’s debt.The sale is the second-largest listing in the US this year and the largest by a hotel company. It returns Hilton...
A report commissioned by three councils around Heathrow airport has said that up to 70,000 jobs could be put at risk in the surrounding area if the Government decides to create a new hub airport and close Heathrow by 2030, an option favoured by Mayor Boris Johnson.Ealing, Hounslow and Slough...
Online retailer Zavvi has threatened customers with legal action if they fail to return video game consoles that were mistakenly delivered to them.Customers who ordered a £20 game on the website last month received the PS Vita console, worth approximately £170 by mistake.Zavvi has since written to customers threatening “legal...
Fashion chain Karen Millen is to pitch itself as “affordable luxury” - between luxury and high street - as it gears up for a global expansion program.Chief executive Mike Shearwood said that the group’s plans include upping the number of outlets from 360 to 400 and launching a new flagship...
House of Fraser has announced that like-for-like sales only just topped last year’s thanks to growth in online sales.For the 13 weeks to October 26th, earnings before tax rose to £1.7 million from £1.6 million last year helped by a 31.1% rise in online sales. ...
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