Retail giants to be hit by £190m business rate bill as industry fears ‘tipping point’ September 19, 2018 UK retailers are set to face a fresh tax bill worth hundreds of millions of pounds if today’s inflationary figures remain similar next month, with embattled high street businesses fearing another hefty levy could push the sector to its limits. The British Retail Consortium (BRC) predicts that the retail sector will be slapped with a £190m [...]
Retail giants to be hit by £190m business rate bill as industry fears ‘tipping point’ September 19, 2018 UK retailers are set to face a fresh tax bill worth hundreds of millions of pounds if today’s inflationary figures remain similar next month, with embattled high street businesses fearing another hefty levy could push the sector to its limits. The British Retail Consortium (BRC) predicts that the retail sector will be slapped with a £190m [...]
Former BHS boss Dominic Chappell claims he went ‘above and beyond’ to help Pensions Regulator September 19, 2018 The man who bought failing department store BHS for £1 in 2015 said he went "above and beyond" to assist the pensions watchdog in its enquires after the business collapsed. After Dominic Chappell's Retail Acquisitions bought BHS from Philip Green in March 2015, the business collapsed a year later, leaving an enormous pensions black hole of [...]
Former BHS boss Dominic Chappell claims he went ‘above and beyond’ to help Pensions Regulator September 19, 2018 The man who bought failing department store BHS for £1 in 2015 said he went "above and beyond" to assist the pensions watchdog in its enquires after the business collapsed. After Dominic Chappell's Retail Acquisitions bought BHS from Philip Green in March 2015, the business collapsed a year later, leaving an enormous pensions black hole of [...]
Tesco reveals budget supermarket chain, Jack’s, to rival Aldi and Lidl September 19, 2018 Tesco officially unveiled its new discount shopping brand today, called Jack’s. Named after Tesco’s founder, Jack Cohen, the budget brand will open between 10 and 15 stores across the UK over the next six months, with the first two set to open in Chatteris, Cambridgeshire and Immingham, Lincolnshire, tomorrow. Read more: Jamie Oliver joins up [...]
Tesco reveals budget supermarket chain, Jack’s, to rival Aldi and Lidl September 19, 2018 Tesco officially unveiled its new discount shopping brand today, called Jack’s. Named after Tesco’s founder, Jack Cohen, the budget brand will open between 10 and 15 stores across the UK over the next six months, with the first two set to open in Chatteris, Cambridgeshire and Immingham, Lincolnshire, tomorrow. Read more: Jamie Oliver joins up [...]
Shop Direct swings to a loss as rising costs and PPI claims hit profits September 19, 2018 Littlewoods owner Shop Direct has moved into the red in the last 12 months, as rising construction costs for new distribution centres and mounting PPI mis-selling claims mount up for the online retailer. Pre-tax losses hit £24.7m in the year leading up to the end of June 2018, compared with profits before tax of £24.9m [...]
Shop Direct swings to a loss as rising costs and PPI claims hit profits September 19, 2018 Littlewoods owner Shop Direct has moved into the red in the last 12 months, as rising construction costs for new distribution centres and mounting PPI mis-selling claims mount up for the online retailer. Pre-tax losses hit £24.7m in the year leading up to the end of June 2018, compared with profits before tax of £24.9m [...]
B&Q owner’s profits slide 30 per cent following ‘weak’ business in France September 19, 2018 Kingfisher, the owner of B&Q, has seen its pre-tax profits plunge in the first half of this year as the company goes through organisational upheaval. The Figures Pre-tax profits fell 30.1% to £281m. The firm is undergoing a major reorganisation, which it says is being made more difficult by tough trade conditions. The firm also [...]
B&Q owner’s profits slide 30 per cent following ‘weak’ business in France September 19, 2018 Kingfisher, the owner of B&Q, has seen its pre-tax profits plunge in the first half of this year as the company goes through organisational upheaval. The Figures Pre-tax profits fell 30.1% to £281m. The firm is undergoing a major reorganisation, which it says is being made more difficult by tough trade conditions. The firm also [...]