Image caption The UK makes six million pairs of shoes each year, with almost half of that number exported A town renowned for its shoemaking heritage has gained its first new footwear factory in more than 30 years. London-based Foster and Son, which has been making shoes since 1840, opened a new production site in …
Image copyright Getty Images Coverage of major league baseball games and other sports events helped Twitter generate better-than-expected sales and profits in the third quarter. The social network said revenue jumped 29% to $758m in the period, beating analyst estimates. But its total number of users declined as it closed “spammy and suspicious” accounts, and …
Image copyright oasis Sainsbury’s is opening Oasis clothes outlets in its supermarkets, the latest move to diversify the way its store space is used. The mid-market fashion chain will open before Christmas in Sainsbury’s in Sydenham, south London, and in its new Selly Oak store in Birmingham. Sainsbury’s said it hoped the move would make …
Image copyright Getty Images The gender pay gap has fallen to its lowest level yet, the Office for National Statistics (ONS) has reported. In the year to April 2018, the gap for full-time workers was 8.6% – down from 9.1% in the previous year. In other words, the average female employee now earns 8.6% less …
Image copyright WPP Image caption Mark Read became boss of WPP in August Shares in WPP have fallen as much as 22% after the advertising giant warned that growth in the business is slowing. The firm, whose former boss Sir Martin Sorrell stepped down in April after a scandal, reported lower-than-expected third quarter sales and …
Image copyright Reuters Debenhams has posted record annual losses and said it will close up to 50 stores, putting 4,000 jobs at risk. In the year to September the department store group lost £491.5m, against profits of £59m the year before. Debenhams, which has 166 branches, previously said it planned to close 10 stores. Boss …
Image copyright BT Group BT has named Philip Jansen as its new chief executive as the telecoms group seeks to revive its fortunes. He replaces Gavin Patterson, who is stepping down after the company said a change of leadership was needed. BT has been criticised for not investing enough in its broadband network and faced …
Image copyright Getty Images Cathay Pacific says the personal data of up to 9.4 million passengers have been accessed in the latest security breach to hit the aviation industry. Passport numbers, email addresses and expired credit card details were among the data leaked. Chief executive Rupert Hogg apologised and said there was “no evidence” the …
Image copyright Getty Images Image caption The US is the biggest export market for Chinese goods The world’s two largest economies – the US and China – are locked in an escalating trade battle. US President Donald Trump had been complaining about China’s trading practices even before he took office in 2016. That year he …
Image copyright Getty Images Image caption The internet of things promises great benefits but comes with higher security risks Superfast 5G mobile broadband could power smart cities and the internet of things, (IoT) but as more devices get connected, telecoms and security experts are warning that cyber-attacks could increase in number and severity. Our homes …