Image copyright Reuters The luxury goods maker Chanel has told the BBC it’s elected to set up its global office in the UK. For the first time in its 110-year history, the brand is gathering the majority of its global business functions under one roof. Chanel, renowned for its tweed suits, handbags and perfume, had …
Image copyright Getty Images Ten years ago, investment bank Lehman Brothers filed for bankruptcy in the US. Its UK operations ceased shortly afterwards. The BBC talked to people involved about their recollections of the bank’s collapse, which gave the financial crisis fresh momentum before the worst economic downturn the world had seen since the 1930s. …
Image copyright PA Image caption A mock funeral procession was held as a marketing gimmick after Wonga collapsed Families will be unable to provide the extra financial support needed by their loved ones if lending from credit firms is choked off, a trade body has warned. The Consumer Credit Trade Association said its members were …
Image copyright Getty Images Image caption Wetherspoons chairman Tim Martin says its prices may have to rise Wetherspoons has reported record annual sales and profits, but warned that prices and costs are likely to rise in the coming months. The pub chain led by Tim Martin said like-for-like sales, which exclude new pubs, rose 5% …
Image copyright Getty Images Image caption Workers unload bags of chemicals at a port in Zhangjiagang in China’s eastern Jiangsu province US President Donald Trump has instructed staff to move forward with the next round of tariffs on Chinese goods, US media have reported. The tariffs are expected to apply to about $200bn worth of …
Image copyright Getty Images House of Fraser customers have been told that they’ll get no refunds for goods ordered online but undelivered before the chain was bought last month. New owner Sports Direct said people must “contact the administrators” to chase their cash. They will join a long queue of other creditors – meaning there’ll …
Image copyright British Steel Image caption British Steel employs 4,000 people at it Scunthorpe plant British Steel has announced it is to cut 400 jobs from its worldwide operations. The company, which employs 5,000 people, said the job losses were part of a “streamlining” process. Most of the redundancies will be in managerial, professional and …
Image copyright FCA/Thorpe Park Image caption Michael Nascimento spent some of the proceeds on a trip to Thorpe Park A “boiler room” fraud ringleader has been sentenced to a total of 13 years in jail after being found guilty of conspiring with five others to con 170 investors out of £2.8m. Michael Nascimento ran a …
Image copyright Little Baby Bum/YouTube Image caption Little Baby Bum’s animated videos are brightly coloured and feature a range of characters One of the most popular YouTube channels in the world, which features animated nursery rhymes, has been sold. Little Baby Bum was founded by a London-based couple in 2011 and has racked up 17.5 …
Image copyright Channel 5 Image caption Big Brother is officially ending after 18 years on screens The makers of Big Brother have announced that the show is being axed at the end of the current series. Big Brother’s Twitter account shared the news that the 19th series, launching on Friday night, would be the last. …