Catalan, one of Britain’s biggest retailers has gone into its bank’s special measures division for struggling businesses as fears grow over the deterioration in its trading.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
HSBC to freeze salaries and hiring in 2016 to cut costs
Europe’s largest lender imposing hiring and pay freeze across bank globally in 2016
John Lewis to launch in the Middle East with Dubai store
John Lewis is ramping up its expansion outside of the UK with plans to open its first store in the Middle East.
Ministers set to strip councils of the power to ban fracking
Councils will be stripped of the ability to reject applications to frack shale gas under a government plan.
Rolls Royce announces multi-billion pound Norwegian Air deal
Rolls-Royce has announced a $2.7bn (£1.9bn) order to manufacture and service Boeing 787 Dreamliner engines for Norwegian.
Lloyds £2bn sale delayed as Osborne rides out storm
Tens of thousands of private investors hoping to buy shares in Lloyds at a knockdown price were left disappointed after the government delayed a £2 billion offering because of concerns about stock market volatility.
London’s first driverless cars revealed
The design for the first driverless cars to be tested on the streets of London has been revealed.
Demand for London homes still under construction falls by a fifth ahead of stamp duty increase
Presales in the U.K. capital fell to about 5,216 from 6,444 in the same period a year earlier, according to data compiled by researcher Molior London Ltd. A record 8,818 units were sold in the first quarter of 2015. “Construction starts have now outpaced sales for two years in a row,” Molior said in the […]
Facebook doubles fourth quarter profits to $1.56bn
Social media giant Facebook said that profits more than doubled in the fourth quarter of 2015.
Tories accused of shortchanging public as £26bn privatisation haul revealed
Labour and unions charge George Osborne with ‘selling family silver’ for political reasons after 2015 disposals hit record, according to Press Association
Former Morrisons exec to lead retail taskforce to solve low pay & productivity issues
How do you solve the UK’s productivity puzzle? Well, the retail sector is hoping that a former Morrisons exec and adviser to Ed Miliband might be able to at least help out that industry.
Top UK investor turns on Google over tax ‘sham’
One of Google’s biggest British shareholders is calling for the company to pay “much more” tax in the UK.
RBS trader fired in currency probe wins unfair dismissal tribunal
A former senior trader at Royal Bank of Scotland Group Plc who lost his job amid the currency market rigging scandal won part of an employment lawsuit, but received no compensation because a London judge said he would have been fired anyway.
Apple drops bombshell with prediction of sales decline
Shares in tech giant Apple jumped initially in after hours trading after the company revealed earnings results for the first quarter of this financial year that came in ahead of analysts’ expectations.
Italy is poised to strike far tougher tax deal with Google than one secured by UK
The internet giant is preparing to hand over €150 million (£113 million) in back taxes to the Italian government, equating to 15 per cent of its €1 billion revenues in the country.
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