Image copyright Getty Images Air France is to look at ways of closing down its low-cost airline Joon and integrating Joon employees and aircraft into Air France. The airline, aimed at younger clients, launched in late 2017, but Air France said the brand had been “difficult to understand from the outset”. Air France said integrating …
Some 140,000 homeowners are trapped on loans with high interest rates. New proposals could help them. Source by [author_name]
Image copyright PA Jaguar Land Rover (JLR) has confirmed it is cutting 4,500 jobs, with the substantial majority coming from its 40,000 strong UK workforce. Most of the cuts will be in office roles as the company wants to simplify its management structure. It adds to last year’s announcement of 1,500 job cuts. JLR, the …
Image copyright Jeff J Mitchell Many of the UK’s largest shopping chains have reported Christmas sales and it’s a very mixed picture. While the trade body for shops, the British Retail Consortium, said it’s been the worst Christmas for retailers in 10 years, some shops have had a relatively good festive period. “Retail is facing …
Image copyright Getty Images Carmaker Ford has announced plans for a major shake-up of its operations in the UK and mainland Europe. It is expected to lead to thousands of job losses across the continent, although the immediate impact on its UK operations is expected to be limited. But Ford Europe boss Steven Armstrong said …
Image copyright Getty Images Tesco says trading in the six weeks to Christmas was “strong”. The company said like-for-like sales, which strip out the impact of new stores, were up 2.2% at its UK supermarkets. The figures put it ahead of the competition and are its own personal best since Christmas 2009. Sales at the …
Sir Charlie Mayfield, the boss of John Lewis, says the partnership has been profitable but the decision to pay a bonus will be considered in March – and it may not be wise to pay a bonus this year, the first time it will have been skipped since 1953. Source by [author_name]
Image copyright Getty Images Struggling department store chain Debenhams has reported a fall in sales during the crucial Christmas trading period. In a “volatile” environment with customers seeking discounts, Debenhams reported a 5.7% fall in like-for-like sales in the 18 weeks to 5 January. The group, which is closing 50 stores, said it would not …
Image copyright Getty Images Marks & Spencer has seen its sales drop over the Christmas holiday period. Like-for-like sales, which strip out the impact of new stores, were down 2.2% in the 13 weeks to 29 December. Food sales fell 2.1% and its clothing and home sales division slid 2.4%. Chief executive Steve Rowe said …