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Thomas Cook warned the market that its full-year profits are likely to come in at the lower end of expectations after trading in its core UK business weakened. A weaker euro is also hurting earnings of the travel company in countries that use the currency. Trading was down at the travel company because uncertainty in [...]
(Read More)13th Aug 10
Sir Philip Green to run review of government spending cuts
by Katie Naylor
UK retail magnate Sir Philip Green has been chosen by the government to conduct an external review into spending cuts by the coalition government. The fashion billionaire will head a team of officials based in the Cabinet Office and the Treasure who will carry out an audit of spending cuts.
Green owns a retail empire that [...]
4th Jun 10
Middle class big on own-brand products
by Sally Davies
You might think that own-brand products are aimed primarily at shoppers on the lowest incomes. And, indeed, that might once have been the case. Now, a new survey dispels the myths and casts lights on a secret many members of the middle classes have been keeping from each other. According to the study, nearly one [...]
(Read More)4th Jun 10
B&Q sees a bright, colourful future
by Natasha Redman
In a bid to boost sales amidst a chilled property market, B&Q owner Kingfisher’s new strategy includes expanding into upscale items like solar panels, chandeliers and colourful wall treatments. Increasing numbers of home owners are staying put, rather than moving home frequently, as has traditionally been the case during buzzing economies.
In the past, people tended [...]
4th Jun 10
Sainsbury’s, Asda helping staff enjoy the World Cup
by Katie Naylor
Sainsbury’s and Asda are amongst large companies that have implemented arrangements to make it easier for employees to enjoy this year’s FIFA World Cup. The four-week tournament, which kicks off in South Africa on 11 June, will see many of the UK’s biggest employers firing up special flexible work policies aimed at making it easier [...]
(Read More)3rd Jun 10
Record profits pay off for Tesco boss
by Katie Naylor
Tesco chief executive Sir Terry Leahy is enjoying the fruits of his labour, after earning pay last year totalling £5.22 million. Sir Terry’s whopping income comes on the back of a record year for profits at Tesco, which hit their highest level in the 91 years since the retailer was founded.
Last year was good for [...]
2nd Jun 10
Tesco to trade in second-hand computer games
by Sally Davies
UK supermarket chain Tesco is to get into the market for second-hand computer games. In a move likely to be popular with gamers, the supermarket will take old games from customers and sell them on at low prices. Tesco won’t be paying cash for the games. Customers will get Tesco money cards with credit that [...]
(Read More)2nd Jun 10
Asda launches commemorative Royal wedding mugs
by Paul Russell
It has been a long time since Britons found themselves swept up in the euphoria of a royal wedding, but hopeful rumours about Prince William and long-term girlfriend Kate Middleton have been swirling around in the British press for years. Now, Asda is so certain about an engagement being announced that the UK retailer has [...]
(Read More)2nd Jun 10
Ad campaigns in tatters as Walcott cut from World Cup team
by Harry Oldfield
Multi-million-pound advertising campaigns from some of the biggest names in retailing lie in ruins today, after Arsenal player Theo Walcott was dramatically dropped from England’s World Cup squad. Companies like Nike and Marks & Spencer have already spent millions of pounds on World Cup ad campaigns in which Walcott does more than simply appear.
The advertisements [...]
1st Jun 10
Users rage at Sky’s £35 iPad app
by Katie Naylor
Sky has just announced its new Sky Mobile TV app for the iPad but the price tag has users fuming. Apple has sold more than two million iPads in just two months and has just officially launched the highly-coveted mobile device globally. Scores of users are eager to download Sky’s new app via iTunes. But [...]
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