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BlueSky Travel Systems, a travel technology company, has gone into administration. Administrators MCR is now looking for a buyer for the Manchester-based company, which had a list of clients including Thomas Cook, First Choice and tour operator Mark Warner. The company, which was founded in 2002, has a total of 106 employees. A former staff [...]
(Read More)2nd Oct 09
Credit grows tighter for home buyers
by Natasha Redman
Households in Britain have found it more difficult to obtain credit over the past few months, but banks anticipate the loosening up on lending towards the end of 2009, the Bank of England has said. The credit conditions survey for the last three months to mid September showed a mixed picture of the availability and [...]
(Read More)2nd Oct 09
Glasgow bans new shopping development
by Katie Naylor
Glasgow is set to ban new shopping mall developments outside of the city’s centre in an defence of its position as the country’s second-biggest shopping destination. Glasgow’s new planning blueprint would impose a stop on all new retail parks and reject the expansions of some of Scotland’s biggest shopping centres such as The Fort, Silverburn [...]
(Read More)2nd Oct 09
Miss Singapore gives up her title illegal spree
by Adam Richards
Singapore’s Miss World contestant, Ris Low has given up her crown after it was revealed that she had stolen credit cards to go on a lingerie shopping spree. There has been mounting public pressure for Ris Low to be stripped of her 2009 crown, after the media reported she stole seven credit cards in 2008 [...]
(Read More)2nd Oct 09
PM open to debate
by Adam Richards
In a post on the Labour Party website, British Prime Minister Gordon Brown has said he believed that there should be a wide ranging series debates with party leaders during the next general election campaign. He said that he relished the opportunity of making the Government’s case directly to the people of this country, he [...]
(Read More)1st Oct 09
Blacks Leisure to close 89 stores
by Katie Naylor
Outdoor clothing specialists, Blacks Leisure, has announced plans to close 89 of its unprofitable outlets. The firm, which owns 256 Millets shops and 116 Blacks Outdoor outlets, has also warned that 50 jobs at its Northampton head office were likely to be axed. Blacks has been under growing financial pressure and admitted that further restructuring [...]
(Read More)1st Oct 09
Online surpasses TV advertising spend
by Adam Richards
The growing expenditure in online advertising has surpassed television advertising for the first time ever, a new study has revealed. According to combined research by the Internet Advertising Bureau (IAB) and PricewaterhouseCoopers (PWC), the spending on internet-based advertising has increased by 4.6 percent in the first half of this year to reach £1.75 billion. Spending [...]
(Read More)1st Oct 09
Gordon Brown expresses anger with broadcasters
by Katie Naylor
Prime Minister Gordon Brown showed clear frustration as he was repeatedly challenged over his personality, leadership and the defection of a newspaper from the Labour cause, complaining that he was not allowed the opportunity to debate policy, following a speech he made at the Labour Party conference in Brighton. Following a particularly hostile interview with [...]
(Read More)1st Oct 09
Marks & Spencer could be hurt by discount war
by Harry Oldfield
Clothes and food retailer Marks & Spencer has increased its profit guidance for 2009 on Wednesday, but industry analysts have warned that a discount war on the British high street before Christmas could possibly hurt the firm’s profit margins. Retail expert at Investec Securities in London, Katherine Waynne, said that Marks & Spencer was still [...]
(Read More)