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....He added that last year’s 66% fall in coal generation marked the largest annual switch in fuel for power – even greater than the 33% decline in coal power during the 1984 miners’ strike. After the closures last year, there are now eight coal power stations left in the UK, from Drax and Eggborough in Yorkshire to Aberthaw in south Wales. ... [Read full article on Guardian ]
Wednesday 19th of July 2017 04:16:25 PM
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....It has also been awkward and undignified for the stars who have had to defend their huge pay packets – Lineker blamed his agent for doing an agent’s job; the BBC breakfast presenter Dan Walker justified his salary (compared with his breakfast sofa colleagues) by pointing out he also had another job as a football presenter. At the corporation, bosses must have been awaiting the onslaught while celebrity agents – according to one person I spoke to – were “seething” at the disclosures. ... [Read full article on Guardian ]
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....“It’s not surprising that Sir Philip Green has to use the the House of Lords as a recruitment agency for his companies,” he said. “Baroness Brady was paid to be on the board of Taveta during the dreadful shenanigans that led to the closure of BHS. ... [Read full article on Guardian ]
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.... Stripped bare by exposure of its pay rates, its myriad enemies – the Mail, the Murdoch press and rightwing politicians – have whooped with glee at how this enforced revelation has embarrassed the corporation. Needless to say, no disclosure of top Mail and Sun writers’ and editors’ pay followed. ... [Read full article on Guardian ]
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Latest Finance News related to Closure

It’s not just the BBC: pay disparity is a blight on the whole UK | Polly Toynbee image
.... Stripped bare by exposure of its pay rates, its myriad enemies – the Mail, the Murdoch press and rightwing politicians – have whooped with glee at how this enforced revelation has embarrassed the corporation. Needless to say, no disclosure of top Mail and Sun writers’ and editors’ pay followed. ...
Why all women need to know what their colleagues earn image
Source : Guardian [Read Article] Thursday 20th of July 2017 05:00:12 AM
....It has also been awkward and undignified for the stars who have had to defend their huge pay packets – Lineker blamed his agent for doing an agent’s job; the BBC breakfast presenter Dan Walker justified his salary (compared with his breakfast sofa colleagues) by pointing out he also had another job as a football presenter. At the corporation, bosses must have been awaiting the onslaught while celebrity agents – according to one person I spoke to – were “seething” at the disclosures. ...
The coal truth: how a major energy source lost its power in Britain image
Source : Guardian [Read Article] Wednesday 19th of July 2017 04:16:25 PM
....He added that last year’s 66% fall in coal generation marked the largest annual switch in fuel for power – even greater than the 33% decline in coal power during the 1984 miners’ strike. After the closures last year, there are now eight coal power stations left in the UK, from Drax and Eggborough in Yorkshire to Aberthaw in south Wales. ...
Karren Brady to chair firm that owns Philip Green's Arcadia group image
Source : Guardian [Read Article] Monday 17th of July 2017 02:40:37 PM
....“It’s not surprising that Sir Philip Green has to use the the House of Lords as a recruitment agency for his companies,” he said. “Baroness Brady was paid to be on the board of Taveta during the dreadful shenanigans that led to the closure of BHS. ...
Paris's Colette – 'the trendiest store in the world' – set to close image
Source : Guardian [Read Article] Wednesday 12th of July 2017 01:19:11 PM
.... Chanel designer Karl Lagerfeld, said last year that it’s the only shop he frequents “because they have things no one else has”. There was little clue that this particular closure was on the cards. ...
Store Twenty One goes into liquidation with loss of 900 jobs image
Source : Guardian [Read Article] Tuesday 11th of July 2017 03:29:06 PM
.... It was taken private in 2002 and sold again, to Alok, five years later. It rebranded again as Store Twenty One nearly a decade ago after a restructuring that involved the closure of 140 shops. ...
Recruitment advisers' tax scheme liquidated after HMRC asks questions image
....The arrangements – which work by setting up thousands of tiny firms to exploit VAT and national insurance rules that were originally designed to help very small businesses – have netted vast windfalls for those involved. The Guardian has seen evidence showing that the closure of parts of the scheme followed Anderson being asked by HMRC’s fraud and investigation service for details about the large numbers of VAT registration applications made on behalf of Anderson clients last year. ...
Major rail disruption looms in August as stations are closed image
Source : Guardian [Read Article] Monday 10th of July 2017 12:52:08 PM
....”. The closure of Euston is to allow the first major engineering work to take place for HS2, the controversial £55bn high-speed railway. ...
Sainsbury's sales sizzle as shoppers snap up paddling pools image
Source : Guardian [Read Article] Tuesday 4th of July 2017 06:53:35 AM
....Coupe said that Sainsbury’s general merchandise and clothing ranges, including Argos, outperformed the market, as its fast track delivery and collect-from-store services recorded a “stellar performance” during the quarter, particularly during the warm weather when customers wanted items such as paddling pools and electric fans on the day. Total sales rose 1% despite the closure of dozens of Argos and Habitat outlets in Homebase stores after the takeover of the DIY chain buy Australian firm Bunnings. ...
The Crusader: Mystery debits add to EXECUTOR's burden image
Source : Daily Express [Read Article] Monday 3rd of July 2017 12:01:00 AM
....In a bid to break the deadlock Bev asked Crusader to persuade both banks to investigate, which they did very promptly. Santander called Bev and confirmed the account closure had been processed in line with the probate and bereavement process. ...
Drone forces closure of Gatwick runway and diversion of many flights image
. A drone spotted in the sky near Gatwick airport on Sunday evening prompted the closure of a runway and led to several flights being diverted to landing strips up to 80 miles away. ...
Co-op energy chief predicts more small suppliers could go bust image
Source : Guardian [Read Article] Sunday 2nd of July 2017 11:25:25 AM
. More small energy firms could go bust this winter because of increasing price volatility driven by green energy growth and the closure of Britain’s largest gas storage plant, one of the challenger suppliers has warned. ...
Fixed-odds betting terminal review delayed until autumn image
Source : Guardian [Read Article] Friday 30th of June 2017 06:11:07 PM
....Bookmakers have claimed that the campaign to cut stakes to £2, which has support from Labour and the Liberal Democrats, is motivated by vested interests concerned about the success of their rivals. And the ABB has also claimed that curbing FOBT stakes would force the closure of thousands of bookmakers, cost 20,000 jobs and deprive the Treasury of millions of pounds in taxes. ...
Ofcom has concerns about Murdoch power in UK if Sky bid allowed image
Source : Guardian [Read Article] Thursday 29th of June 2017 06:55:06 PM
....In 2015, Rebekah Brooks was named chief executive of News UK, a year after she was cleared of all charges relating to the phone-hacking scandal. Brooks received a pay-off of more than £10m after resigning from News Corp in 2011 at the height of the hacking scandal that forced the closure of News of the World. ...
Banks should disclose lending to companies with carbon-related risks, says report image
. Banks should disclose lending to companies with carbon-related risks, according to recommendations in a new report by the Task Force on Climate-related Financial Disclosures. ...
FCA knows its scrutiny of the investment sector has only just started | Nils Pratley image
....A push for greater transparency – the big theme in the report – is welcome. The FCA supports the disclosure of all-in fees, including transaction charges. ...
Tesco continues savings drive as it cuts 1,200 head-office jobs image
Source : Guardian [Read Article] Wednesday 28th of June 2017 11:05:11 AM
....In his first year in charge, Lewis axed nearly 5,000 head office and UK store management jobs as well as more than 4,000 roles overseas and at the group’s banking division. More than 2,500 more jobs were lost with the closure of 48 underperforming Tesco stores in 2015, while in April this year 3,000 jobs were put at risk when the chain cut night shifts for shelf stackers in some of its biggest supermarkets. ...
House Democrats challenge Deutsche Bank over review of Trump's accounts image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:38:41 PM
....The congressional letter to the two Deutsche attorneys – Steven Ross and Leslie Kiernan of Akin Gump Strauss – also stated that if Deutsche had any lingering liability concern about handing over information about Trump’s account to Congress, that the bank should “simply” ask the president and his relatives for their consent. “Given President Trump’s repeated assertions that he does not have ties to Russia, such disclosure would ostensibly be in his interest,” the letter said. ...
Tesco staff 'shocked' as call centre closure puts 1,100 jobs at risk image
Source : Guardian [Read Article] Wednesday 21st of June 2017 02:05:28 PM
....“This is clearly devastating news for our members and will have a wider impact on south Wales, as so many jobs are potentially lost to our local economy. “We will now enter into consultation talks with the company over the coming weeks to look at the business case for the proposed closure. ...
Why is productivity so low since the crisis – particularly in the UK? | Howard Davies image
.... Investor protection is important, of course, but as the Nobel laureate Eugene Fama put it, “the primary role of the capital market is allocation of ownership of the economy’s capital stock”. A regulator focused on that objective would be especially rigorous in overseeing the transparent disclosure of information, and would seek to promote vigorous competition among companies and also, crucially for this objective, among investors. ...
House sales have fallen by nearly a third in some parts of UK, says Lloyds image
....The decline in transaction activity has knock-on effects in other parts of the economy, stretching from income for estate agents and conveyancing solicitors through to sales of furniture and electrical stores which tend to benefit when people move home and buy new goods. Last year Countrywide, the estate agent group, announced the closure of more than 50 branches, while London agency Foxtons warned in March of tough trading conditions in 2017 as it reported a 54% fall in profit for last year. ...
Paul Myners: Barclays realised taxpayer bailout would hit bonuses image
Source : Guardian [Read Article] Tuesday 20th of June 2017 06:01:43 PM
....When a bonus cap was introduced by the European Union in 2013, limiting bonuses to one times salary or double if shareholders approved, the government refused to give the approval that would have allowed RBS to pay out more. The public anger sparked by the financial crisis forced greater disclosure from banks about the way they paid their top staff, particularly banks like Barclays that have large investment banking operations. ...
Closure of UK’s largest gas storage site ‘could mean volatile prices’ image
. The closure of the UK’s largest gas storage plant has prompted warnings that the country faces more volatile winter gas prices and is becoming too dependent on energy imports. ...
Carmakers call for interim Brexit deal or risk falling off 'cliff edge' image
.... “We must have the no-tariff, frictionless trade upon which the industry depends,” he said. Although Hawes did not expect any immediate closure of key plants, he said the risk was “death by a thousand cuts” as uncertainty led to diminishing investment and the dwindling of the supply chain in the UK. ...
European commission to crack down on offshore tax avoidance image
Source : Guardian [Read Article] Sunday 18th of June 2017 03:18:15 PM
....The clock will begin ticking as soon as the scheme has become available to a client. Where there are several intermediaries in the chain, one will be made to take responsibility for disclosure. ...
Barclays to learn if SFO will press charges over Qatari cash injections image
....No bankers have faced criminal charges in the UK for events that took place during the financial crisis, and UK authorities have not pursued criminal charges against a high street bank. The SFO has provided little detail about its investigation, but Barclays has been required to make disclosures in its formal stock exchanges announcements. ...
Visitor numbers fall at UK attractions after terrorist attacks image
Source : Guardian [Read Article] Tuesday 13th of June 2017 07:24:26 AM
....Trading at Legoland was in line with expectations, Merlin said in a update for the year so far, but there was a drop in visitors to a number of its parks as people were apparently put off by the attacks and heightened security at venues. The update did not mention if there had been any impact from the temporary closure of water rides at Alton Towers, Thorpe Park and Legoland after an accident in May at a similar attraction at the Drayton Manor theme park, which is not part of the Merlin group. ...
As we wave goodbye to cash, ATMs have had to get a whole lot smarter image
Source : Guardian [Read Article] Saturday 10th of June 2017 05:59:18 AM
.... “We are not seeing the use of cash falling away dramatically. The closure of bank branches is actually an opportunity for new-style smart ATMs, which will be the ‘touch point’ for you and your money on the high street and in shopping centres. ...
Co-op Bank draws interest from Qatar conglomerate image
Source : Guardian [Read Article] Thursday 8th of June 2017 03:30:28 PM
....In March the bank reported a loss of £477m, which took its cumulative losses to £2. 6bn and forced the business to announce more branch closures that would reduce its estate to 95, around 200 less than five years ago. ...
Sir Philip Green's retail empire reels from BHS closure and Topshop fall image
. Sir Philip Green’s retail empire suffered a worse than expected 79% fall in profits last year as it reeled from the closure of BHS and a tough fashion market, during which Topshop’s UK sales fell for the first time in more than a decade. ...
Qatar row: Economic impact threatens food, flights and football image
....Key materials, including concrete and steel come in by ship but also by land from neighbouring Saudi. The closure of that border could, as with food - push up prices and lead to delays. ...
George Soros attacks Hungarian prime minister for building a 'mafia state' image
....The Hungarian-born financier and philanthropist said he was confident the university’s defence of its freedom would ultimately “bring the slow-moving wheels of justice into motion”, but said it and other organisations he had backed were still at risk under the Orbán-led government. Hungary’s populist prime minister has introduced tough measures for the registration of foreign-registered universities that could force the closure of the CEU, one of the top academies in the region. ...
Exxon shareholders back 'historic' vote on climate image
Source : BBC [Read Article] Wednesday 31st of May 2017 05:26:43 PM
...."This is an historic vote - despite strong opposition from the board, the majority of Exxon's shareholders have sent an unequivocal signal to the company that it must do much more to disclose the impact on its business of measures to combat climate change," said Edward Mason, head of responsible investment for the Church Commissioners. "We are grateful to all of the investors who supported the proposal, and we call on the company to begin urgent engagement with shareholders on how to bring its disclosures in line with those of its peers. ...
Reading says ‘no’ to council tax discount on a house we can’t live in image
.... The council told us that there are now only a small number of occasions, when a resident is prohibited by law from occupying a property, where council tax exemption applies. This can include when planning consent bans the use of a property as a home, or when the property is subject to a closure order as it is unfit for human habitation. ...
Ford faces lots of bumps in the road to a world of driverless cars image
Source : Guardian [Read Article] Sunday 28th of May 2017 06:00:02 AM
.... The Association of British Bookmakers says this money would be at risk if a government review, due within weeks, recommends that maximum stakes are cut. This would also, they say, force the closure of high street betting shops, leading to job losses. ...
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. ...

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