Burberry’s Christopher Bailey receives sales boost ahead of pay package showdown July 10, 2014 Burberry's new chief executive Christopher Bailey, who is facing questions over his lucrative pay package, received a boost today as the luxury goods brand beat estimates to report strong sales growth of 12 per cent for the three months to June. Retail revenue rose nine per cent to £370m for its fiscal quarter to June, [...]
Pope Francis appoints Lord Patten as Vatican media advisor July 9, 2014 Former BBC Trust chairman Lord Patten has been appointed as a media advisor to Pope Francis, as the Vatican looks for ways to get its message across online. Leading British catholic Lord Patten said that the role involves chairing an advisory committee examining how the Church can develop its media outlets, which include a newspaper, [...]
UK managers now working an extra day a week in overtime – but they’re not getting paid July 9, 2014 Nearly half of UK managers report to working an extra day in unpaid overtime each week, as pressure from employers fuels Britain's long hours culture. According to a survey from the Institute of Leadership and Management (ILM), 47 per cent of bosses say that they work at least an additional day – 7.5 hours or [...]
Germany’s thrashing of Brazil smashes Twitter records July 9, 2014 Germany's ruthless 7-1 semi-final demolition of tournament hosts Brazil had records tumbling – both on and off the pitch. The thrashing was Brazil's heaviest ever defeat, eclipsing a 6-0 loss at the hands of Uruguay in 1920 as well as being the side's first defeat at home in a competitive fixture in 39 years. Perhaps unsurprisingly, [...]
AbbVie retracts statements suggesting Shire shareholder support for latest bid July 9, 2014 US drugmarker AbbVie has retracted statements made by its chief executive claiming support for the company's bid for UK rival Shire. Just a day after AbbVie made its much anticipated fourth takeover bid for the UK-listed drug company, lifting its previous offer for the group by 11 per cent to bid £30.1bn, the US firm has been [...]
Ross McCormack agrees £11m Fulham transfer to join Britain’s most expensive strikers list July 8, 2014 Championship top scorer Ross McCormack has moved to Fulham today for a reported £11m, which would make him the ninth most expensive British striker signed by an English club. While the fee is undisclosed, the suggestion is that it is in the region of £11m. This would mean that the former Leeds player becomes the [...]
Dubai plans world’s biggest shopping centre July 7, 2014 Not content with laying claim to the world's tallest building and largest ferris wheel, Dubai says it will construct the biggest shopping mall on earth. The shopping-loving Arab emirate is already home to a slew of impressive retail centres, which feature indoor ski slopes, ice-skating rinks and a 155m year-old dinosaur skeleton among their main attractions, [...]
Network Rail fined £53.1m for trains running late July 7, 2014 Network Rail has been handed a record £53.1m fine for missing punctuality targets, the industry regulator reported today. In its assessment of the company that runs Britain's tracks, the Office of Rail Regulation (ORR) criticised Network Rail for falling "significantly short" of the funded 92 per cent average punctuality targets, achieving just 87 per cent. [...]