Mone bids farewell to beloved ultimo August 19, 2015 Entrepreneur Michelle Mone has posted a sentimental farewell to her “beloved Ultimo” on Twitter. She resigned from the board of the lingerie firm she founded almost 20 years ago after being made the government’s new entrepreneurship tsar for areas of high unemployment.
Asda promises turnaround after sales hit rock bottom August 19, 2015 ASDA chief executive Andy Clarke insisted that the company was seeing the first “green shoots” of a recovery despite revealing its worst ever quarterly result in the 16 years it has been owned by US chain Wal-Mart. The supermarket chain, which recently lost its position as Britain’s second-largest food retailer to Sainsbury’s, said like-for-like sales [...]
Menzies profits hit by airport contract losses August 19, 2015 JOHN Menzies yesterday announced a steep fall in half-year profits after contract losses in its aviation arm. The logistics and airport services company reported pre-tax profits of £5.8m, a 58.6 per cent decline on the previous half-year total of £14m. In addition to the loss of contracts, operating profit in its ground handling operations was [...]
Protests grow as Brazil’s crisis deepens: Impeachment threats make Dilma Rousseff’s future look uncertain August 19, 2015 Crisis is engulfing Brazil as hundreds of thousands of protesters have taken to the streets demanding the impeachment of President Dilma Rousseff, as the country slides into its worst economic crisis for 25 years. Protests have taken place across the country in the third major day of demonstrations this year, following unrest in March [...]
Light at the end of the North Sea oil pipeline: Oil firms have all taken a hit by the decline in global crude prices. But has it hit rock bottom? August 19, 2015 The affect of fraught conditions in oil markets on North Sea companies was revealed yesterday as John Wood Group and Cairn Energy announced their half-year results. Wood Group revealed it has axed around 5,000 jobs in response to the decline in crude oil prices, with 1,000 of them coming from North Sea operations. The company’s [...]
Public health lobby give green light to e-cigs August 19, 2015 HEALTH officials have today given their backing to the use of e-cigarettes, claiming the devices are a “game changer in public health”. Public Health England (PHE) even recommended that e-cigarettes be made available to smokers by the NHS on prescription, as it tore into claims that the products, designed to simulate smoking, act as a [...]
George Osborne facing pressure from UK building societies over ‘perverse’ bank surcharge August 19, 2015 The Treasury is under fire from Britain’s building societies, who say that a new tax will cost them at least £630m over the next five years – and choke off £20bn worth of lending. Mortgage lenders want the government to think again. “As you would expect the sector is positively engaging with HM Treasury,” Building [...]
Late Marouane Fellaini goal eases Manchester United fears as Memphis Depay shines August 19, 2015 Manchester United boss Louis van Gaal admitted that his side’s route to the Champions League group stages was looking precarious until substitute Marouane Fellaini’s last-gasp intervention calmed their nerves last night. Club Brugge had taken a surprise lead through Michael Carrick’s own goal before £31m forward Memphis Depay kickstarted his Old Trafford career with a [...]
Jose Mourinho’s John Terry treatment defies logic August 19, 2015 I'd love to hear a convincing explanation why Chelsea manager Jose Mourinho substituted his captain John Terry when 1-0 down at half-time away to Manchester City on Sunday because I just don’t get it. The problem with the visitors’ performance was not so much Terry as what was going on directly in front of [...]
American Apparel warns it might close August 19, 2015 American Apparel yesterday warned it might go out of business within a year, even after the clothing chain increased its credit line. It reported that sales sank 17 per cent to $134.4m (£86m), and the net loss expanded to $19.4m from $16.2m. It has been in turmoil since it suspended and then fired founder and [...]
