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October 22, 2018 by Admin

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Ikea to cut 350 UK jobs as it refocuses on small outlets and online November 21, 2018
Flat-pack firm plans to create 11,500 jobs worldwide with new smaller inner-city storesIkea is cutting 7,500 office jobs worldwide, including 350 in the UK, as it focuses on improving its online operation and city centre format in an effort to keep up with consumers’ changing shopping habits.The Swedish group, which has 367 stores, is the […]
Italy demands respect after EC rejects its budget again – business live November 21, 2018
Italy faces an excessive deficit procedure after Commission rules that Rome’s 2019 tax and spending plans aren’t acceptableLatest: EC rejects Italy’s budget againPM Conte: It’s an excellent budgetEarlier:Biggest UK October deficit since 2015US says China hasn’t mended its waysMarkets nervous after Tuesday’s tumbles 2.36pm GMT DING DING! Trading is underway in New York, as traders […]
B&Q owner to pull out of Russia, Spain and Portugal after sales fall November 21, 2018
Kingfisher announces move after sales drop by almost 3% at DIY chain in UK and IrelandThe owner of B&Q is pulling out of Russia, Spain and Portugal, affecting 5,000 jobs as the DIY retailer battles against falling sales at its main British and French chains.Sales at B&Q in the UK and Ireland dropped 2.9% in […]
Bombardier to axe almost 500 jobs in Northern Ireland November 21, 2018
Union says large-scale redundancies at aircraft maker ‘exceeds our worst fears’The aircraft manufacturer Bombardier is to cut almost 500 jobs in Northern Ireland.The company, whose headquarters are in Canada, said it needed to reduce costs and improve efficiency to help ensure its long-term competitiveness. Continue reading...
Bet365 founder paid herself an 'obscene' £265m in 2017 November 21, 2018
Denise Coates took home more a third of the betting firm annual profit in record salaryDenise Coates, the multibillionaire founder and boss of the gambling firm Bet365, paid herself £265m last year in a record-breaking pay deal for the chief executive of a British company. The huge pay package, which equates to nearly £726,000 a […]
TalkTalk moves HQ to Manchester, joining media's London exodus November 21, 2018
Firm plans to move ‘vast majority’ of it’s 500 staff to its Soapworks site in SalfordTalkTalk is to move its headquarters out of London, relocating hundreds of staff to Manchester as the exodus of major media and telecoms companies from the capital continues.TalkTalk, which opened a large offices at the Soapworks site in Salford last […]
UK must forge 'closest possible' relationship with EU, says OECD November 21, 2018
Thinktank says even ‘soft’ Brexit will harm UK as strong global growth reaches peakBritain needs to forge a deal with the European Union that brings the closest possible relationship or risk an economic downturn, the Organisation for Economic Co-operation and Development (OECD) has warned in its latest health check on the global economy.The thinktank, which […]
Patisserie Valerie accountants face 'black hole' investigation November 21, 2018
Grant Thornton and role of former finance director being looked into by FRCAccountancy firm Grant Thornton is under investigation for its role as the auditor of Patisserie Valerie, the bakery chain that almost collapsed last month after it discovered a £40m black hole in its accounts.The Financial Reporting Council (FRC) said it was investigating the […]
Why did BT refuse to suspend a useless contract? November 21, 2018
My parents can’t live in their home after a fire, but it insists they still pay £50 a monthMy parents’ house was recently gutted in a fire and they will be unable to live there for at least six months. However, BT refuses to suspend their landline and broadband contract for that period, even though […]
Triathlons, ultramarathons and ambitious baking: why is modern leisure so competitive? November 21, 2018
Everything from reading to swimming to cooking can now be tracked or optimised. What is this quest for perfection doing to our free time?If you spend much time mooching around the internet, you will probably have come across articles on sites such as Quartz and Forbes called things like “17 habits of highly successful people”. […]