American Apparel UK business goes into administration November 8, 2016 Americal Apparel's UK business has gone into administration. Jim Tucker and Richard Beard of KPMG were appointed joint administrators of American Apparel (UK) Ltd and American Apparel (Carnaby) Ltd this morning, the accountancy firm said in a statement. American Apparel (UK) and American Apparel (Carnaby) run the UK retail and wholesale operations of the US [...]
Marks and Spencer chairman rejects demand for reversal of company’s benefit cuts January 9, 2017 The chairman of high street stalwart Marks and Spencer has defended the company's decision to cut some of the benefits it offers to employees. Last year M&S staff were asked to sign new contracts ending benefits such as double pay for employees working on Sundays. MPs asked to meet M&S chief executive Steve Rowe to discuss the changes, [...]
Brace yourself: You’ll be paying more for your commute in 2017 January 2, 2017 As 2017 gets off to a tentative start, commuters are already having to face a harsh reality of the new year – the annual rise in the cost of commuting. Most people may still be enjoying the bank holiday, but workers returning to work from today onwards will have to dig deeper as train fares rise by [...]
In the doghouse? Pets at Home shares fall on softer merchandise sales January 19, 2017 Pets at Home's latest update announced "softer than anticipated" merchandise sales – knocking its share price down more than nine per cent, at the time of writing, to 216.40p. The figures Group revenue rose 4.4 per cent to £203.7m, though merchandise revenues were flat at £177.4m. The growth was propelled by its services business (including veterinary practices [...]
The worst days and routes to travel over Christmas and how to avoid them December 14, 2016 Everyone knows journeys can take a bit longer over the festive period, but there are some times you really don’t want to hit the road. Transportation analytics firm INRIX has found that some trips on major routes will take around four times as long over Christmas compared to other times of the year and the busiest days [...]
Deutsche Bank mega fine could be sorted by Wednesday December 19, 2016 Deutsche Bank could enter 2017 with one less item to tick off its to-do list, as it has emerged that a potential mega fine from the US Department of Justice (DoJ) could be settled on Wednesday. In September, it was revealed the German banking giant was facing a penalty of $14bn (£11.3bn) for mis-selling mortgage-backed securities. [...]
WH Smith’s share price climbs after stationer ups profit guidance after strong Christmas sales – and yes, we’re still buying colouring-in books January 20, 2016 WH Smith's share price rose this morning, after the stationer said it expects full-year profits to be ahead of expectations, after the group recorded solid growth – with adult colouring-in books once again receiving credit for driving sales. The figures Total sales for the 20 weeks to 16 January across the group rose four per cent, [...]
RMT’s Great Western Rail strike will go ahead tomorrow December 22, 2016 A Great Western Railway (GWR) workers' strike will go ahead tomorrow, the RMT union confirmed today. RMT members who are cleaners on the rail network will take industrial action over "serious bullying, claims of discrimination and poverty working conditions" on the GWR train cleaning contract operated by Servest UK. Members have been instructed not to book on for [...]
Christmas strikes 2016: From Southern rail to British Airways, why’s everyone striking? December 19, 2016 A raft of Christmas strikes is set to unfold this week, with travel particularly affected. Around 3,000 staff at various Crown post offices are set to walk out today, Tuesday and Saturday, while members of the Rail, Maritime and Transport (RMT) union unleash their latest industrial action on Southern rail today and tomorrow, with an ongoing [...]
Kew Gardens beats the Tower of London and the London Eye as the city’s top attraction December 7, 2016 Buckingham Palace, Tower Bridge, Big Ben – these might be the first London landmarks tourists want to visit, but expectations were smashed this year as The Royal Botanic Gardens, Kew won the top spot as London's best attraction for 2016. More than 23,000 public votes were cast and a panel of industry experts weighed in on top attractions [...]