British Airways cabin crew ramp up strike action with fresh 72-hour walkout set for 19 January January 12, 2017 British Airways cabin crew will stage a fresh 72-hour walkout from 19 January in an ongoing dispute over pay, Unite union has announced. Members of the so-called mixed fleet cabin crew (working long- and short-haul flights) at Heathrow will take part in a three-day strike next week. The union said it marked a stand against [...]
Sports Direct’s share price slumps 15 per cent on profit warning January 8, 2016 Sports Direct has issued a profit warning, claiming warm weather deterred shoppers over the key Christmas period, prompting its share price to tumble. The Mike Ashley-owned retailer, which has been fending off criticism around its various working practices, issued a statement this morning saying it had "seen a deterioration of trading conditions on the high street and [...]
How to take the headache out of paying your small business tax bill January 30, 2017 The self-assessment tax deadline is tomorrow, and it isn’t just individual taxpayers feeling the heat. Many small businesses, particularly those structured as limited liability partnerships, will also need to file their tax returns and make payments to HMRC. Tax – whether corporation tax, business rates or VAT – can be a tricky issue for SMEs. We [...]
Jimmy Choo’s share price rises on sterling’s slide November 18, 2016 Jimmy Choo's share price climbed this morning after the company reported revenue growth due to improved trading and store openings. The luxury retailer's share price was up three per cent at time of writing. Read more: West End gets Brexit boost as sales to tip over £9bn for the first time It said its success [...]
As survey expects 31 million car journeys to be made over Christmas, Transport for London unveils festive roadworks on Embankment, Blackfriars Road and Old Street December 18, 2015 Transport for London (TfL) has announced the details of its festive road work programme, which will hit parts of the Embankment, Blackfriars Road and Old Street – on the same day a survey suggested 31 million car journeys will be taken over the Christmas period. TfL said it was taking advantage of a time when roads in [...]
Aviva share price rises as it unveils 20 per cent profit boost and hikes dividend after Friends Life buyout March 10, 2016 What floods? Insurer Aviva said it was hiking its dividend after it completed its acquisition of Friends Life ahead of schedule. The figures Operating profits rose 20 per cent to £2.7bn in 2015, Aviva said this morning – seven per cent ahead of analyst expectations of £2.5bn. That allowed it to hike dividend by 15 per cent to 20.8p. Nice. The company said the [...]
Asda will axe jobs in the UK as supermarket struggles continue January 18, 2016 Asda will axe jobs in the UK amid increasing pressure on British supermarkets. The redundancies will be at Walmart-owned supermarket's Leeds head office. The supermarket said in a statement: "It’s well documented that in recent years, customers have radically changed the way they shop. "We were the first of the “big four” to recognise this and [...]
Carphone Warehouse to close 134 stores as Dixons Carphone merger success continues January 26, 2016 More than 130 standalone Carphone Warehouse stores are to be closed, as the business continues to merge its retail arms. Parent company Dixons Carphone said it had decided to roll its three-in-one store format, which includes PC World and Currys alongside the phone specialist, out across the whole UK and Ireland market having received a big thumbs up from customers [...]
Solid John Lewis Christmas trading not enough to nudge profit expectations up January 6, 2016 The John Lewis Partnership has reported a solid Christmas period, with sales across the group up 4.1 per cent for the six weeks to 2 January to £1.81bn – but it's not enough to shift the group's full year decline in profits. The figures The department store business was the strongest driver of growth, with sales up [...]
Ted Baker posts double-digit sales growth over Christmas January 13, 2016 Ted Baker has avoided the warm weather woes hurting other fashion retailers this year to post a double-digit increase in sales over Christmas. The figures The lifestyle brand increased retail sales 10.1 per cent in the eight weeks to 9 January. Its ecommerce arm performed particularly well, with sales up 39.1 per cent. Average [...]