Shopping centre group Westfield has said that it is planning to spin off its Australia and New Zealand businesses into a new company, merged with Westfield Retail Trust.The new business will be separate from the group’s UK and US assets and the two businesses will be listed separately as well...
The BRC–Nielsen shop price index for November has shown that overall shop prices fell for the seventh consecutive month, falling to 0.3% from the 0.5% decline reported in October.Food inflation slowed to 2.3% in November from 2.7% in October, whilst non-food reported annual deflation of 2.0% in November from 2.4%...
One of the world’s biggest hotel firms, Hilton Worldwide, is planning to raise up to $2.4 billion (£1.4 billion) in a floatation.The IPO (initial public offering) could be one of the biggest in the US this year and the money raised will be used to pay down the company’s debt.Hilton's...
German discount supermarket Lidl has announced that it plans to double the number of its UK stores from 600 to up to 1,500.UK managing director Ronny Gottschlich told the Sunday Telegraph that a “new era” would see the chain open around 30 new stores a year."We really see ourselves these...
Customers of Royal Bank of Scotland (RBS), NatWest and Ulster Bank may be compensated if they were left “out of pocket” following a fault that hit the bank’s online and card payments for approximately three hours yesterday evening.The bank, which is 80% owned by the Government apologised for the error...
Apple has bought social media data analysis firm Topsy Labs, one of the few firms to have access to Twitter’s entire data. According to the Wall Street Journal, Apple may have spent around £122 million on acquiring the firm....
The UK’s biggest department store chain, John Lewis, has said that online sales of consumer electronics led to an 18.4% rise in sales following the increasing popularity of so-called Black Friday deals in the UK.The group said that weekly sales rose £147 million, with an increase of almost 36% in...
UK customers are expected to spend over £500 million online today, as the countdown to Christmas begins.Forecasts from Sage Pay have predicted that today, dubbed Cyber Monday, will see consumers complete the most online transactions ever recorded in a single day."With just four weeks until Christmas, most of us will...
Amazon is trialing unmanned drones that could deliver products to customers within half an hour. The chief executive of the firm, Jeff Bezos appeared in a TV appearance showcasing the tiny ‘octocopters’, which could be in operation in the US within five years."I know this looks like science fiction. It's...
Fights at various Asda stores across the UK, which coincided with the chain’s Black Friday sales, have led to reports of people being injured and hospitalised."It was just a free-for-all. It was frightening," said one woman at the Westwood Centre in Belfast. "People were getting trailed to the ground. People...
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