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Niger’s foreign minister has said his country cannot close its Libya border down to prevent fugitive leader Muammar Gaddafi entering the country. Foreign Minister Mohamed Bazoum said that Col Gaddafi was not in Niger, nor had he asked to cross the border. He said that loyalists to Gaddafi who arrived in the capital, Niamey, had be [...]
(Read More)7th Sep 11
JJB bosses get incentive of £18m to save firm
by Natasha Redman
Embattled sportswear and equipment chain JJB Sports has launched a lucrative share bonus scheme which could net its chairman and chief executive over £18m each during the next five years. The new five-year plan will see four executive and certain senior managers at the company receive shares equal to 20 per cent of any increase [...]
(Read More)6th Sep 11
High street braced for further closures after disappointing summer
by Natasha Redman
The UK’s high street retailers are set for a further wave of closures after one of the most disappointing summer trading periods in a number of years and increasing concern over pressures on consumers as Christmas approaches. Sales figures for August, hit by the riots, poor weather and volatile stockmarkets, fell 2.2 per cent among [...]
(Read More)5th Sep 11
Jamie Oliver calls for worldwide action to tackle obesity
by Natasha Redman
Global levels of obesity are moving towards epidemic proportions, according medical experts. The crisis is now to be the main talking point of a key debate at a UN medical conference in New York. A coalition of health and nutrition experts – ranging from ex-government chief scientist Sir David King to celebrity chef Jamie Oliver – [...]
(Read More)2nd Sep 11
TripAdvisor investigated by Advertising Standards Authority
by Natasha Redman
The Advertising Standards Authority has begun a formal investigation into travel review site TripAdvisor after thousands of restaurateurs and hoteliers claimed that reviews are defamatory or made up. There are around 50 million reviews on the TripAdvisor site, all of which are meant to have been written by travellers. Fifty million consumers use the site [...]
(Read More)1st Sep 11
Sunscreen pills to be available in five years
by Natasha Redman
A secret from the ocean may lead to a pill which prevents sunburn within the next five years, scientists have said. British researchers have been able to uncover the unique way in which coral shields itself from harmful ultraviolet (UV) rays. They feel the discovery could be the starting point of a sunscreen revolution, culminating [...]
(Read More)31st Aug 11
Home ownership to drop to mid-80s levels
by Natasha Redman
The housing market faces troubled times as house prices soar and home ownership tumbles, warned a study. Home ownership in England is set to slump to just 63.8 per cent during the next 10 years – the lowest it has been since the mid-80s, said the forecast by the National Housing Federation, published on Tuesday. [...]
(Read More)30th Aug 11
Household finances squeezed by travel and food costs
by Natasha Redman
The soaring cost of transport and food left households £11 per week worse off in July than they were at the same time last year, according to a survey which reveals that family spending power is being eroded. The average household in the UK had £166 of discretionary income each week to spend in July, [...]
(Read More)29th Aug 11
Poundworld plans more Discount UK outlets
by Natasha Redman
Discount retailer Poundworld has vowed to create 1,800 new jobs as it unveiled its new brand of stores which have been designed to fill the void left when Woolworths closed down. The Yorkshire-based company, which has 120 outlets across Britain, is expanding its Discount UK chain, which sells goods priced between 28p and £25, into [...]
(Read More)26th Aug 11
Tesco director resigns after failing to land top job
by Natasha Redman
Andrew Higginson, one of the directors of Tesco tipped to land the chief executive role in 2010, has resigned after more than 10 years on the supermarket group’s board. Mr Higginson said he was standing down next year so he could search for a new challenge, one which could include a chairman or chief executive role at [...]
(Read More)