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...."We are almost exactly where we thought we would be and we are pleased with what we delivered this year," Mr Rowe said. The firm was hit by a number of sizeable one-off costs, including £156m to make changes to its pension scheme, £132m on international store closures, and another £49m on changes to its UK store estate and "onerous lease charges" related to that estate. ... [Read full article on BBC ]
Wednesday 24th of May 2017 06:30:53 AM
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.... Rowe also pulled the plug on 53 company-run stores in loss-making overseas markets including China, France, Belgium and Poland. The shake-up of M&S’s UK chain involves the closure of 30 of its 304 “full-line” stores – which sell clothing, homeware and food – while another 45 are being converted into food-only shops. ... [Read full article on Guardian ]
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....There are now more than 240 international branch campuses around the world, according to figures compiled by the Cross-Border Education Research Team at the State University of New York. Not all have been a success, with more than 40 closures - but more than another 20 are in the pipeline to be opened. ... [Read full article on BBC ]
Wednesday 24th of May 2017 01:35:16 AM
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....7m to the mission of the Church of England, although it admitted this was “only around 15% of the church’s overall income – most funding comes from the extraordinary generosity of parishioners”. The body said it had also been promoting responsible investment, including being “instrumental in filing climate disclosure resolutions at [mining groups] Anglo American, Glencore and Rio Tinto” and continuing “to vote against the majority of remuneration reports”. ... [Read full article on Guardian ]
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....6bn. But once £437m of charges, including £156m relating to pay and pensions changes and £184m to cover store closures in the UK and overseas, were taken into account, its statutory pre-tax profit dived by 63. ... [Read full article on Guardian ]
Wednesday 24th of May 2017 06:59:23 AM
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.... Critics also say a Labour government would come under pressure to pay higher wages. Keeping post office delivery centres from closure, which Labour highlights in its manifesto, is a union demand that few voters would consider important. ... [Read full article on Guardian ]
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Latest Finance News related to Closure

SFO delays decision again on charging Barclays over 2008 fundraising image
.... The Conservative party manifesto outlined plans to roll the SFO into the National Crime Agency, in an attempt to “improving intelligence sharing and bolstering the investigation of serious fraud, money laundering and financial crime”. The investigation, according to disclosures by Barclays, focuses on commercial arrangements between the bank and Qatar Holding – an investment vehicle for the Gulf state – which bought shares in Barclays during two fundraisings at the height of the financial crisis. ...
M&S profits dive by nearly two-thirds as clothing sales slide image
Source : Guardian [Read Article] Wednesday 24th of May 2017 06:59:23 AM
....6bn. But once £437m of charges, including £156m relating to pay and pensions changes and £184m to cover store closures in the UK and overseas, were taken into account, its statutory pre-tax profit dived by 63. ...
M&S annual profits fall by 64% as revamp costs bite image
Source : BBC [Read Article] Wednesday 24th of May 2017 06:30:53 AM
...."We are almost exactly where we thought we would be and we are pleased with what we delivered this year," Mr Rowe said. The firm was hit by a number of sizeable one-off costs, including £156m to make changes to its pension scheme, £132m on international store closures, and another £49m on changes to its UK store estate and "onerous lease charges" related to that estate. ...
Brum in the sun image
Source : BBC [Read Article] Wednesday 24th of May 2017 01:35:16 AM
....There are now more than 240 international branch campuses around the world, according to figures compiled by the Cross-Border Education Research Team at the State University of New York. Not all have been a success, with more than 40 closures - but more than another 20 are in the pipeline to be opened. ...
Church of England made stunning 17% return on investments in 2016 image
Source : Guardian [Read Article] Sunday 21st of May 2017 01:08:44 PM
....7m to the mission of the Church of England, although it admitted this was “only around 15% of the church’s overall income – most funding comes from the extraordinary generosity of parishioners”. The body said it had also been promoting responsible investment, including being “instrumental in filing climate disclosure resolutions at [mining groups] Anglo American, Glencore and Rio Tinto” and continuing “to vote against the majority of remuneration reports”. ...
Marks & Spencer to report slump in clothing sales after short-lived boost image
.... Rowe also pulled the plug on 53 company-run stores in loss-making overseas markets including China, France, Belgium and Poland. The shake-up of M&S’s UK chain involves the closure of 30 of its 304 “full-line” stores – which sell clothing, homeware and food – while another 45 are being converted into food-only shops. ...
How workable – and how expensive – might Labour’s renationalisations be? image
.... Critics also say a Labour government would come under pressure to pay higher wages. Keeping post office delivery centres from closure, which Labour highlights in its manifesto, is a union demand that few voters would consider important. ...
VW emissions: bosses face investigation over claims they misled investors image
.... They are accused “of knowingly delaying telling shareholders about the financial consequences for Porsche SE of software manipulation in diesel vehicles by Volkswagen AG”. Porsche SE said in a statement: “We are convinced that we have duly fulfilled our capital market disclosure requirements. ...
Unite suspends planned BMW strikes after new offer image
Source : BBC [Read Article] Wednesday 17th of May 2017 04:06:09 PM
.... . Unite members were set to stage three walkouts later this month in a dispute over the closure of a final-salary pension scheme. ...
VW chief Matthias Mueller probed over emissions scandal image
Source : BBC [Read Article] Wednesday 17th of May 2017 09:57:50 AM
....As a rule, executives are expected to keep investors updated as soon as potentially price-sensitive information comes to light. Porsche SE said the allegations were unfounded, adding it had complied with disclosure rules. ...
M&S puts faith in fluted sleeves as womenswear comes out fighting image
Source : Guardian [Read Article] Tuesday 16th of May 2017 05:23:05 PM
....Will knickers or canapes win the battle for the soul of Marks & Spencer, or can the pink coats fight off a landgrab by prawn sandwiches to remain at the heart of the country’s most iconic high street store?. Recent trophy boardroom appointments and a new marketing campaign have contrasted with imminent store closures, and whisperings of further disappointing sales figures on the horizon as the brand continues to shift its focus from clothes to food. ...
Tata Steel offers to pump £550m into closed pension fund image
Source : BBC [Read Article] Tuesday 16th of May 2017 04:01:04 PM
....The proposed deal, which involves the UK's pensions regulator and the Pension Protection Fund (PPF), aims to absolve Tata Steel of any further responsibility for the final-salary scheme. The closure was supported by a vote of trade union members at Tata's plants in Wales, Scotland, South Yorkshire and Teesside in February, in the hope that the move would reduce the financial burden on the company and save their jobs. ...
BP shareholders urged to reject chief's £9m pay package image
Source : Guardian [Read Article] Monday 15th of May 2017 09:12:53 AM
....The three big proxy shareholder advisory services – Glass Lewis, ISS and IVIS – have recommended a vote in favour or have no concerns with the policy, the first time all three have been supportive for several years. Separately, the authoritative Carbon Disclosure Project placed Shell one spot above BP at four out of 10 in a new league table of how oil and gas companies have responded to investor concerns on climate change. ...
I cancelled my car insurance in the cooling-off period, but was still charged image
....One Call says its charges are entirely justified and in line with the Financial Conduct Authority regulations. “We encourage all consumers to view our terms of business and initial disclosure document before they purchase. ...
The left must take a lesson from the right and come together to win | Will Hutton image
.... Funding this by reversing some of the recent cuts in taxation, for example returning corporation tax rates to 2012 levels, is hardly the stuff of revolution. Equally, trying to reverse pub closures and getting the Premier League to fund grassroots football are not the preoccupations of backward-looking socialists, but widely shared. ...
Just do it: the experience economy and how we turned our backs on ‘stuff’ image
....It was an audacious plan for an unloved bit of Manchester. A £25m arts centre to be built on a derelict plot that had not felt a cultural pulse since the closure, 15 years earlier, of the legendary Haçienda nightclub. ...
US retail sales rise as stores struggle image
Source : BBC [Read Article] Friday 12th of May 2017 05:29:48 PM
.... Ellison said. The company posted a net loss of $180m, more than double last year, in part due to the costs related to plans for more than 100 store closures. ...
Walkers crisps Peterlee factory to close in December image
Source : BBC [Read Article] Tuesday 9th of May 2017 02:25:15 PM
....". At the time of the consultation, the Labour MP Grahame Morris said the closure proposal was a "bitter blow" for East Durham. ...
RBS cuts hundreds of technology jobs image
Source : BBC [Read Article] Tuesday 9th of May 2017 12:53:52 PM
....". In February, chief executive Ross McEwan ordered a £2bn four-year cost-cutting drive involving job losses and branch closures. ...
Banks accused of putting lives at risk as charity accounts are shut without notice image
.... Companies and charities with links to countries deemed high risk are especially vulnerable. Since the highest-risk countries are often the most impoverished, the closures could prevent vital aid reaching the neediest recipients. ...
Santander faces challenge over fraud losses image
Source : BBC [Read Article] Friday 5th of May 2017 10:08:30 AM
.... . But the account details were those of a fraudster and despite pleading with their bank, Barclays, the club has taken a big financial hit and faced closure. ...
Adidas shares hit a record high after firm sees sales jump image
Source : BBC [Read Article] Thursday 4th of May 2017 01:14:52 PM
.... . Sales of the group's Adidas and Reebok brands grew in all markets except Russia, where "challenging consumer sentiment as well as additional store closures" meant sales fell by 10%. ...
HSBC profits fall as bank bids to restore flagging revenues image
Source : BBC [Read Article] Thursday 4th of May 2017 06:19:35 AM
.... . Following a big drop in profits in 2015, HSBC embarked on a restructuring that led to thousands of job cuts, branch closures, asset sales, and a bigger focus on Asia. ...
Fyre Festival faces $100m 'Lord of the Flies' lawsuit image
Source : BBC [Read Article] Tuesday 2nd of May 2017 05:01:51 AM
....Blink-182, who were set to be headlining, pulled out on Thursday. Major Lazer, Skepta and Disclosure were also set to perform. ...
Hard times for Whole Foods: 'People say it's for pretentious people. I can see why' image
....In February, the company announced it would close nine stores: in Chicago, New Mexico, Utah, Arizona, and Georgia, and two each in Colorado and California. The closures, which followed six straight quarters of sales declines, represented the first downsizing since 2008. ...
RBS reports first quarter profit as turnaround continues image
Source : BBC [Read Article] Friday 28th of April 2017 06:26:06 AM
....RBS added that its cost-cutting plan for 2017 was ahead of schedule, with 37% of the planned £750m cuts achieved. In February, RBS reported a £7bn annual loss and chief executive Ross McEwan ordered a £2bn four-year cost-cutting drive involving job losses and branch closures. ...
Swinton insurance cuts 900 jobs as customers switch to online image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:06:32 PM
....Swinton is planning to close a another 84 branches and cut as many as 900 jobs because the vast majority of its customers prefer to buy insurance online or over the phone. The second wave of closures in just over a year means the company’s branch network will more than halve to 111, although it says it will still be the biggest insurance broker on the high street. ...
Most global investors recognise financial risk of climate change, report finds image
....For the first time a majority of global investor heavyweights recognise the financial risks of climate change, according to the results of a major global index rating how investors manage such risks. But despite the advances, the Asset Owner Disclosure Project chairman, John Hewson, has warned there is still an “enormous resistance” to managing climate risk. ...
Whatever the IMF thinks, we are a long way from the boom time of 2007 | Larry Elliott image
....There was a bit of concern about the rip-roaring US housing market, but no suggestion that a crisis in the sub-prime mortgage market would be the catalyst for the biggest recession since the 1930s. Even when the trickle of foreclosures turned into a flood the assumption was that it was merely a localised problem that would soon be sorted out. ...
When an M&S closes, you lose more than a store | Barbara Ellen image
Source : Guardian [Read Article] Saturday 22nd of April 2017 11:05:27 PM
. Marks & Spencer is planning six big regional store closures in Portsmouth, Warrington, Slough, Worksop, Wokingham and Monks Cross, near York. ...
BHS crash sets trend for a chain of closures on UK high streets image
Source : Guardian [Read Article] Saturday 22nd of April 2017 03:00:17 PM
....The BHS drama has played out during a period of massive structural change in the retail sector as established chains adapt their businesses to a world in which 20% of their sales are online. Last week, both Marks & Spencer and Debenhams announced store closures as their respective new management teams attempt to square the cost of large physical store chains with changing shopper habits. ...
HS2 is on its way but bid troubles and snap election could still derail project image
....Across the road, the Victorian-era Temperance hospital has been partly demolished for an HS2 work site. Adjoining is St James Gardens, whose closure will remove another green space, including dozens of majestic London plane trees, some festooned with colourful scarves and sheets by protesters to highlight their fate. ...
As more buy clothes online, Walmart eyes a piece of the action image
Source : Guardian [Read Article] Saturday 22nd of April 2017 11:00:12 AM
....US high streets are witnessing a Darwinian winnowing. In recent months hundreds of closures have been announced as retailers including Macy’s, Sears, American Apparel and Abercrombie & Fitch have scaled back their bricks-and-mortar operations in the face of a shift to online shopping. ...
UK bank accounts of Iranian customers still being closed, says law firm image
. A UK law firm handling more than 60 complaints by Iranian nationals who have had their UK bank accounts closed allegedly because of their nationality has reported a continuation in such closures since Donald Trump assumed office. ...
Sports Direct breaks into US market image
Source : BBC [Read Article] Friday 21st of April 2017 08:32:02 AM
.... . Sports Direct has attracted controversy in the UK after coming under fire over zero hours contracts and the disclosure that staff at a warehouse were paid less than the minimum wage. ...
Green Investment Bank sell-off: only time will tell how green it is | Nils Pratley image
....The £1bn beauty target was the only yardstick of financial success that Debenhams is prepared to share at this point. For the time being, investors will have to digest an increase in capital expenditure, a few store closures and a 6. ...
M&S to close six stores as it tries to 'stay in tune' with shoppers image
Source : Guardian [Read Article] Thursday 20th of April 2017 11:27:13 AM
....”. Despite the closure programme, M&S is still opening new stores, with 34 food and two full-line shops due to open in the next six months, expected to create 1,400 jobs. ...
Marks and Spencer to close six stores image
Source : BBC [Read Article] Thursday 20th of April 2017 10:15:24 AM
....M&S will also open 36 new stores over the next six months, creating more than 1,400 jobs. Mr Rowe explained the six closures by saying that M&S was adapting to its customers' changing shopping habits. ...
Debenhams jobs at risk as stores close in 'social shopping' shakeup image
Source : Guardian [Read Article] Thursday 20th of April 2017 09:18:15 AM
....Sergio Bucher, who joined the retailer from Amazon in October, polled 16,000 shoppers before drafting a turnaround plan to focus on “social shopping” and making store visits a “fun leisure activity”. As part of the overhaul, Bucher warned that 10 of its 176 stores had been earmarked for closure unless their performance improved and several warehouses would close, putting several hundred jobs at risk. ...
London shares stagnate in shade of UK election campaign image
Source : BBC [Read Article] Thursday 20th of April 2017 07:38:55 AM
....193 euros. Department stores were the main talking point of the day after Debenhams announced the outcome of a strategic review which includes the possible closure of 10 underperforming stores. ...
Debenhams unveils turnaround strategy image
Source : BBC [Read Article] Thursday 20th of April 2017 07:21:02 AM
....However, it added, it wanted to "ensure they are fit for the future". The 10 stores under review for closure, if they are deemed not profitable enough, have not been named. ...
Celebrities warned over Instagram ads image
Source : BBC [Read Article] Thursday 20th of April 2017 05:37:35 AM
.... . The intervention was part-prompted by the advocacy group Public Citizen which carried out its own investigation last year, naming celebrities including Rihanna and Kim Kardashian among 113 influencers who it said endorsed a product without disclosure. ...
BMW strike halts Mini car production image
Source : BBC [Read Article] Wednesday 19th of April 2017 09:08:17 AM
....Workers at three BMW plants in the UK are staging a one-day strike in a row over pensions. The walkout, the first by BMW staff in Britain, is part of a wave of stoppages at the carmaker over the closure of a final-salary pension scheme. ...
Tata Steel merger with Thyssenkrupp under threat image
Source : Guardian [Read Article] Monday 17th of April 2017 12:36:06 PM
....Talks between Tata Steel and German company Thyssenkrupp about combining their European steel operations have been ongoing for months but there are still major hurdles to overcome. Germany’s largest trade union, IG Metall, confirmed this week it was opposed to the tie-up and described it as “high risk” amid fears it would lead to thousands of job losses and the closure of plants in Germany. ...
Microsoft patched 'NSA hack' Windows flaws before leak image
Source : BBC [Read Article] Monday 17th of April 2017 10:27:49 AM
....But the firm revealed it had in fact addressed the problem in March. "Customers have expressed concerns around the risk [Shadow Brokers'] disclosure potentially creates," it said in a security update. ...
Two-thirds of BHS stores lie empty as anniversary of collapse nears image
Source : Guardian [Read Article] Sunday 16th of April 2017 03:30:44 PM
....”. The last BHS stores did not shut until August, but the chain’s closure dumped a glut of space, much of it in need of extensive modernisation, on to the market at a time when many retailers are thinking twice about opening new stores. ...
Labour plans to halt 'epidemic' of high street bank closures image
Source : Guardian [Read Article] Thursday 13th of April 2017 11:01:17 PM
. Labour has pledged to tackle what it calls an epidemic of high street bank closures by only permitting branches to be shut after a local consultation and with the permission of the Financial Conduct Authority (FCA). ...
Strike threat after Royal Mail closes pension scheme image
Source : BBC [Read Article] Thursday 13th of April 2017 07:32:05 AM
....". The Unite union, which also has members working for Royal Mail, said the closure was a cause of "serious concern". ...
High court approves £129m fine for Tesco over accounting scandal image
Source : Guardian [Read Article] Monday 10th of April 2017 06:18:16 PM
.... What happened is a huge source of regret to us all at Tesco, but we are a different business now,” he said. He admitted the Tesco brand had been damaged by the disclosure of the accounting scandal, but said the company was “committed to doing everything we can to continue to restore trust in our business and brand”. ...
Small towns seethe at bank closures, but others are plotting a new future image
.... What are we supposed to do now?”. The Topsham Lloyds was one of 100 branches named by the bank this week as earmarked for closure between July and October. ...
From Coke’s flower power to Kendall Jenner’s Pepsi ad – how ads co-opt protest image
.... The cop smiles, and does not pepper-spray, beat, shoot or arrest anyone. The crowd party as if they are in the VIP enclosure at Coachella, safe in the knowledge that they have danced their way to a better world. ...
Sir Elton John among 63 new phone-hacking claims image
Source : BBC [Read Article] Wednesday 5th of April 2017 05:13:31 PM
....The latest claims include stories published by the Sun, after a High Court judge ruled in April 2016 there was enough evidence for claims against the paper to be heard. The hacking revelations led to the closure of the NoW in 2011 after it emerged that journalists intercepted the phone of murdered schoolgirl Milly Dowler. ...
Lloyds reveals location of 100 branch closures as it cuts 325 jobs image
Source : Guardian [Read Article] Wednesday 5th of April 2017 12:27:47 PM
.... The net total includes 96 new roles. The latest closures affect 54 Lloyds branches, 22 Halifax branches and 24 Bank of Scotland outlets across the country. ...
Lloyds names locations for 100 branch closures image
Source : BBC [Read Article] Wednesday 5th of April 2017 11:54:31 AM
....Lloyds Bank has announced the locations of 100 branches that it plans to close between July and October. They are among a programme of 400 branch closures already announced in principle. ...
BMW strikes set to disrupt Mini and Rolls-Royce production image
Source : Guardian [Read Article] Wednesday 5th of April 2017 11:24:39 AM
....“Bosses in the UK and BMW’s headquarters in Munich cannot feign surprise that it’s come to this point. Unite has repeatedly warned of the anger their insistence to railroad through the pension scheme’s closure would generate and the resulting industrial action. ...
BMW workers to stage first UK strikes over pensions image
Source : BBC [Read Article] Wednesday 5th of April 2017 10:37:44 AM
...."Bosses in the UK and BMW's headquarters in Munich cannot feign surprise that it's come to this point. Unite has repeatedly warned of the anger their insistence to railroad through the pension scheme's closure would generate and the resulting industrial action," he said. ...
Ralph Lauren to close flagship Polo store in cost-cutting plan image
Source : BBC [Read Article] Tuesday 4th of April 2017 02:52:30 PM
....The company did not say how many jobs would be lost, but last year it indicated around 1,000 jobs and 50 stores would be sacrificed in order to lower costs. The Fifth Avenue Polo store is the most high profile closure so far. ...
Lloyds to shrink hundreds of UK branches to two staff image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:29:14 PM
.... Lloyds – which owns Bank of Scotland and Halifax – has already announced plans to close 400 of its branches, with more than 9,000 job losses, while last month Royal Bank of Scotland said it was shutting 158 sites, mostly NatWest’s, and the Co-operative Bank is battling to find a buyer amid fears about its future. In January, HSBC said it was shutting a further 62 branches this year, on top of 55 already earmarked for closure, while Yorkshire Building Society revealed it was closing 48 branches, 28 of which are Norwich & Peterborough outlets. ...
Tesco to pay £129m fine over accounting scandal image
Source : Guardian [Read Article] Tuesday 28th of March 2017 07:16:54 AM
.... What happened is a huge source of regret to us all at Tesco, but we are a different business now,” he said. He admitted the Tesco brand had been damaged by the disclosure of the accounting scandal, but said the company was “committed to doing everything we can to continue to restore trust in our business and brand”. ...
Watchdog finds £3bn in child support arrears may never be collected image
Source : Guardian [Read Article] Tuesday 28th of March 2017 05:01:19 AM
....While the DWP had estimated that almost two thirds of parents whose case was closed would apply to join the CMS scheme, as of April 2016 only around a fifth had actually done so. Three months after case closure, half of parents had no new arrangements in place. ...
RBS and NatWest to close 158 branches as customers go digital image
Source : Guardian [Read Article] Thursday 23rd of March 2017 06:05:29 PM
....RBS is the latest high street player to announce branch cuts. In January, HSBC said it was shutting a further 62 branches this year, on top of 55 already earmarked for closure, while Yorkshire building society revealed it was closing 48 branches, 28 of which are Norwich & Peterborough outlets. ...
RBS and NatWest to shed 158 branches and more than 400 jobs image
Source : BBC [Read Article] Thursday 23rd of March 2017 04:03:12 PM
....The bank is also creating specialist roles for staff who will support customers with training and support with digital skills. After the closures 151 RBS and 856 NatWest branches will remain. ...
RBS and NatWest to close 158 branches and cut 470 jobs: Is your local bank shutting? image
....It comes on top of 1,500 jobs that were culled last year and 32 branch cuts. Older people and more vulnerable people without access to the internet are typically worst affected by closures, as they rely on branches for access to vital services. ...
Libor expert witness texted for help image
Source : BBC [Read Article] Wednesday 22nd of March 2017 09:37:35 PM
.... . Adrian Darbishire QC, who is representing one of the defendants, said: "I suggest that you have misrepresented your expertise to the SFO and to the juries in front of which you have testified; I suggest you have failed to comply with your basic duties of disclosure; and that you have concealed, rather than revealed, the sources of statements which you have presented as your own opinion. ...
Screwfix boosts Kingfisher's profits image
Source : BBC [Read Article] Wednesday 22nd of March 2017 09:18:25 AM
....Under her management, the retailer is undergoing a five-year restructuring programme designed to close unprofitable shops, improve technology and unify products. The group said it had finished its B&Q store closure programme, which has seen it shut 65 shops and cut about 3,000 jobs in the UK and Ireland. ...
Carney: Bank of England deputy should not have quit for 'honest mistake' image
.... Hogg, promoted from chief operating officer only on 1 March, had told MPs that she had disclosed Quintin Hogg’s role in line with the code of conduct she had herself drawn up. She later conceded she had not made the disclosure. ...
Jamie Oliver to launch new show as part of deal with Channel 4 image
Source : Guardian [Read Article] Monday 20th of March 2017 03:41:50 PM
....Oliver started his TV career at the BBC with The Naked Chef in 1999, before defecting to Channel 4 in 2002 to make Jamie’s Kitchen. He blamed lower footfall, the cost of staff training and the higher costs of importing luxury ingredients in a tough market following the EU referendum result for the recent closure of six Jamie’s Italian outlets which affected about 120 employees. ...
Grayling hopes Brexit brings new apprenticeships in train image
Source : Guardian [Read Article] Saturday 18th of March 2017 04:00:43 PM
. The Bombardier train factory teetered on the brink of closure in 2011, when it lost a key contract for British carriages to Germany. ...
Has the tech bubble peaked? Signs that the startup boom may be fizzling image
....“The interesting question with Uber is how long they can keep as a private company. They are raising capital like a public company without any of the disclosure and consequences of being a public company,” said Damodaran, who believes the company’s value is overinflated and it’s really worth $23bn. ...
Sainsbury's warns over 'uncertain' impact of pound's Brexit slide image
Source : Guardian [Read Article] Thursday 16th of March 2017 08:22:39 AM
....The company plans to put 250 Argos outlets into Sainsbury’s stores over the next three years, up from 41 at present, with another 25 concessions planned for the next quarter. This will involve some Argos high-street closures. ...
Seaton Delaval Coty closure could mean 400 jobs axed image
Source : BBC [Read Article] Tuesday 14th of March 2017 02:56:07 PM
. Four hundred jobs are set to be lost with the closure of a cosmetics factory in Northumberland. ...
Charlotte Hogg resigns as Bank of England deputy governor image
Source : Guardian [Read Article] Tuesday 14th of March 2017 09:33:31 AM
....A scion of one of Britain’s most high-profile political families, Hogg had initially told MPs last month that the Bank was aware of Quintin Hogg’s role at the high street lender. She then admitted days later she had not made the disclosure and was therefore in breach of the Bank’s code of conduct she had helped to write. ...

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