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The failures include budget store Poundworld and electronics shop chain Maplin. Meanwhile, Italian eatery Carluccio’s has launched a company voluntary arrangement to shed unprofitable outlets.
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The engine maker is working on a flying vehicle which it says could take off by the early 2020s.
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Joe Kaeser says it’s up to business and governments to find workable solution Global workforces will be decimated as the next industrial revolution gets under way, the head of one of Germany’s biggest firms has warned, unless workers are retrained with new skills. Joe Kaeser, global chief executive of the engineering giant
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Staff shortages at Northern, GWR and CrossCountry also down to heatwave, bosses say Hundreds of trains have been cancelled or delayed amid staff shortages blamed on the World Cup and hot weather. Great Western Railway (GWR), Northern and CrossCountry services were disrupted on Sunday as fewer train crews than normal agreed to work.
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Reduced cover for high street chain’s suppliers is a ‘massive warning light’ Debenhams is under fresh pressure after it emerged credit insurers have reduced cover for suppliers to the department store chain in the latest sign of the challenges facing Britain’s high streets. Suppliers use credit insurance to protect themselves from the risk of not being paid. Euler Hermes, a leading insurer, is among those to have reduced cover.
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It’s comfortable, conservative, cosseting and roomy, an engaging drive. It’s also the world’s top-selling SUV, of which the UK buys nearly four out of ten sold in Europe.
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Victorian concept of the ‘industrial district’ could protect the UK from the worst of Brexit There are tourists punting on the river and cyclists thronging the street. On this summer day, many of the trains have been cancelled or face severe delays. It’s more than a century since the Victorian economist Alfred Marshall taught at Cambridge University - where the economics library still bears his name - yet he would still recognise plenty of things about the city today. More than a century ago, the mentor to John Maynard Keynes developed the idea of the
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The department store chain says credit insurers are continuing to provide cover to its suppliers.
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We take a look at six common perils facing homeowners or those thinking about buying a new home. Lisa Beeton suffered after excess water and poor drainage undermined her house.
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Most trusted partner or ‘abusive lout’. Both have, respectively, been used to describe the US and its President in the past few days.
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RA International is valued on the stock market at more than £120m. The company floated on Aim a fortnight ago, the shares are 69½p and they should move higher.
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The country will exit from its final international bailout within weeks but, with no sign the debt will ever be paid off, some fear another crisisGreece’s oldest literary society, the Parnassos cultural club, stands opposite a church on one of Athens’s oldest squares. Its neoclassical facade and monumental columns were designed to impress. The society, named after the home of the Muses, had a single objective: to promote the nation’s “intellectual, moral and social improvement” as Greeks, newly freed from the shackles of Ottoman rule, sought to pursue the course of other European states. It was here that poets and writers came, that Maria Callas first sang, that every artist of every hue first exhibited, and royals and prime ministers flocked. It is also why Parnassos’s fortunes have reflected those of Greece.
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Unless you fancy a day out to Swindon, home to Nationwide's HQ, on Thursday so you can attend the AGM in person, customers must cast their vote online now.
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The online retailer listed in 2001 at 20p and was first recommended by Midas in 2004, when the shares were 28p. Today, they are 5750p, valuing the group at almost £5 billion.
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My son's phone was stolen and the thief sold it to CeX Entertainment Exchange before being caught. The police told my son to collect his phone from the shop. But the manager's manner was awful.
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Thousands of BT customers are being slapped with a 50 per cent increase in the monthly fee for keeping long-established email addresses.
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China may have underestimated the president’s determination, and the global fallout from any US ‘victory’ will come laterWhen Donald Trump’s chief trade adviser went to Beijing in May with proposals to open up China’s vast domestic market to American goods – and thereby reduce a
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Lord Carrington and the other foreign secretaries who resigned on matters of principle contrast starkly with today’s populistsThe resignation of Alexander (“Boris”) Johnson from the prestigious post of foreign secretary in Her Majesty’s government came on the very same day that his illustrious predecessor
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A staggering £122.5million in prizes went unclaimed in the last year as Euromillions, Lotto and scratchcard players failed to claim the cash they won, This is Money can reveal.
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The UK may use Farnborough, the biggest aerospace event of the year, to signal its vision for the industry.
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It’s much easier to boast about being good at budget management when the income does all the heavy lifting This year has highlighted two things – it is easier to govern when you have a lot of money to play with, and when you have a lot of money to play with you no longer worry about debt and deficit. Throughout the entire time the Liberal party was in opposition you could scarcely go a day without hearing them mention how the ALP had blown the surplus and how the Howard government had left “money in the bank”, and that now we had record levels of debt.
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Comcast is set to pay advisers as much as £243m for their help in its pursuit of Sky. While the British broadcaster will shell out as much as £96m to its own bankers, lawyers and accountants.
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The aerospace giant caused a storm when it warned that a bad EU deal could see it relocate. But for its hi-tech plants in Wales and Bristol, that is just business realityIt doesn’t take long for Katherine Bennett’s frustration to boil over when the issue of Brexit is raised. “It’s not as easy as Jacob Rees-Mogg thinks,” said the boss of Airbus UK. “We don’t just export cheese or cider to another country. “We have parts that go back and forth to different countries to be worked on – sometimes several times. That is why frictionless borders are important.”
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The UK needs a bold vision for tech that is matched by the determination to drive it through
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Dublin to Croatia flight landed in Frankfurt after the cabin became depressurised More than 30 passengers on a Ryanair flight were reportedly taken to hospital after the cabin became depressurised and the plane had to make an emergency landing in Frankfurt. A passenger on Friday’s Dublin to Croatia flight said on Facebook that the air went cold, oxygen masks dropped, and there was a “dive of 3,000 metres in less than one minute”.
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No one wants to buy an electric car unless there is a convenient charging point nearby - but no company will invest in car charging points that aren’t going to be used. This may be coming to an end.
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Lynne Rowland, a tax partner with Kingston Smith, explains the benefit of civil partnerships, which could be available to millions more couples in future after a landmark court case last month.
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The goal is to significantly increase the power stored and reduce the time it takes to charge. It has already patented the process to create its own type of nano graphene platelets.
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When the dust finally settled on the resulting global financial meltdown, Paulson’s fund had made more than £11bn from the turmoil.
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Philippe Moryoussef, a senior derivatives trader, has been found guilty in his absence of dishonestly manipulating the Euribor interbank lending rate, after an 11-week trial at Southwark Crown Court.
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Clearly life would be better for ITV, Channel 4 and others if the likes of Netflix and Amazon could be regulated and brought under the umbrella of Ofcom chief Sharon White.
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Though its fees grew slowest in the UK and Ireland, finance director Paul Venables was chuffed with the performance here.
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Chief executive Martin Griffiths, 52, took home £987,000 overall from the transport group, compared to £1.3m the year before when his pay included a £302,000 bonus.
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The major revamp comes comes as parent company, John Lewis Partnership, warned profits were expected to hit zero by the middle of its financial year after they plunged 77 per cent to £104m last year.
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I have a water meter so pay for the water I use, therefore should I be preparing myself for a massive bill after using my hose pipe every day during the heatwave?
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There were 481,677 recorded electricity switches and 49 per cent of these moved to a small supplier, rather than choosing one of the big six energy firms.
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Another player has entered the increasingly crowded 'robo-advice' space to cater for modest investors who have been priced out of conventional financial advice.
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Owners are angry with councils for demanding hundreds of pounds for licences and claim it’s just to boost coffersLandlord licensing schemes are popping up all over the country as local authorities attempt to crack down on rogue operators. Nottingham city council’s scheme
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Banks are accused of failing to shut accounts used by scammers – but that could soon changeThey are a close-knit band of anonymous fraud fighters, who crusade for justice for victims of online crime – and spend much of their time “baiting” and catching the crooks. But what infuriates “Buster Jack” and his secretive colleagues is when they warn a bank about a fraud – such as identifying an account used by crooks – and the bank fails to act. According to “Jack”, he contacted TSB about an account at the bank that was being used by a scammer to launder funds. Yet three days later someone was persuaded by a fraudster to pay £3,600 into the account – and has not been able to recover the money.
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More money is now available for people who want to develop affordable housing in their local area.
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A third more people are taking equity release plans than last year, and sums extracted average at nearly £78,000 per plan, new data suggests.
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