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Tag: UK

Mothercare to cease all UK trading with loss of 2,800 jobs | Business

Mothercare is to close all of its 79 UK stores and its online business with the potential loss of 2,800 jobs after calling in administrators from PricewaterhouseCoopers on Tuesday. The administration will not include Mothercare’s profitable overseas operations, which have more than 1,000 stores in more than 40 countries – all run via franchise agreements. …

Mothercare to cease all UK trading with loss of 2,800 jobs | BusinessRead More

Mothercare to appoint administrators for UK chain, putting 2,500 jobs at risk | Business

Mothercare is to appoint administrators to its UK high street chain, putting 2,500 jobs at risk. The baby and maternity retailer said it had become clear its 79-shop UK chain, which lost £36.3m last year, would not return to profitability and that it had failed to find a buyer for the business. The shops will …

Mothercare to appoint administrators for UK chain, putting 2,500 jobs at risk | BusinessRead More

UK civil engineering slumps; trade deal optimism lifts markets – business live | Business

“The construction sector’s distressing decline continued in October in spite of a small improvement in the headline index as a resolution to the political impasse seemed close. However with a fall in civil engineering not seen for a decade and the biggest drop in housebuilding since 2016, it appears that strength in the sector is …

UK civil engineering slumps; trade deal optimism lifts markets – business live | BusinessRead More

Mike Ashley spent millions on private flights as profits fell 80% | UK news

Mike Ashley spent millions of pounds on flights by helicopter and private jet as his company’s annual profit fell 80%, the latest accounts show. The Sports Direct owner’s family also received more than £100,000 of hospitality at Newcastle United, Ashley’s football club. Ashley’s spending was revealed in the annual accounts for Mash Holdings, through which …

Mike Ashley spent millions on private flights as profits fell 80% | UK newsRead More

UK retail stockpiling reaches record levels on back of Brexit concerns | Business

Britain’s biggest retailers have been ramping up their stockpiling efforts to record levels in the run-up to Brexit, according to the Confederation of British Industry. The country’s leading business lobby group said retailers’ stock levels compared with the volume of expected sales had risen to the highest point in October since it began compiling retail …

UK retail stockpiling reaches record levels on back of Brexit concerns | BusinessRead More

Mike Ashley tells MPs to investigate collapse of Debenhams | UK news

Mike Ashley has stepped up his campaign for an investigation into the collapse of Debenhams, claiming MPs are more interested in their own PR than rooting out corporate wrongdoing. In a two-page letter to the MP Rachel Reeves, seen by the Guardian, the Sports Direct chief executive wrote: “No one in parliament seems sufficiently interested …

Mike Ashley tells MPs to investigate collapse of Debenhams | UK newsRead More

Supercuts hair salon owner, Regis UK, enters administration | Business

The owner of Supercuts hair salons has become the latest high street casualty, with its failure putting another 1,200 jobs at risk following the loss of 85,000 retail jobs in the past year. Its parent, Regis UK, appointed administrators in a decision that casts doubt over the future of its 220 salons and large workforce. …

Supercuts hair salon owner, Regis UK, enters administration | BusinessRead More

Brexit effect on UK economy may be worse than thought, says CBI | Politics

A wave of corporate insolvencies, company profit warnings and a gloomy forecast of manufacturing investment over the next year has sparked concerns that Brexit uncertainty will weigh on the UK economy more than previously estimated. A survey by the business lobby group the Confederation of British Industry (CBI) found that the prospect of leaving the …

Brexit effect on UK economy may be worse than thought, says CBI | PoliticsRead More

Menswear Designer Room, Harrods, London, UK

The newest Designer Room is the latest chapter of the multi-phase redevelopment that will see men’s fashion and accessories entirely relocate to the Second Floor, creating a central hub for menswear at Harrods. Previously located on the Lower Ground Floor, this Designer Room houses unique and forward-thinking brands. There will be 12 dedicated boutiques for …

Menswear Designer Room, Harrods, London, UKRead More

UK consumer sentiment will lift if Brexit deal passes

James Quincey, Coca-Cola Company CEO Adam Galica | CNBC Coca-Cola CEO James Quincey said that if U.K. lawmakers pass a Brexit deal, consumer sentiment will improve. “If it mercifully comes to an end, then yes, I do think that sentiment will improve, maybe not overnight, but over time and hopefully going into 2020,” Quincey told …

UK consumer sentiment will lift if Brexit deal passesRead More