Image copyright Getty Images Image caption Pensions have been stolen or put into high-risk schemes Two victims of elaborate pension scams lost more than £1m each to fraudsters, new figures have revealed. The two individuals, whose identities are being protected by the authorities, lost their savings over the two years to June 2018. The data, …
Image copyright Getty Images Image caption Mr Schultz has hit out at “revenge politics” from Republicans and Democrats The former CEO of coffee chain Starbucks has said he is “seriously considering” running for president. Howard Schultz, who stepped down as the firm’s boss last year, says he is considering running as a centrist independent candidate …
Image copyright Getty Images Unions are calling for urgent talks with Tesco amid fears that the supermarket could cut 15,000 jobs. Unite’s national officer for retail distribution, Adrian Jones, said this was a “worrying time” for members, while Usdaw said it was “distressing”. Tesco has told staff in an internal memo that restructuring was “still …
Image copyright Getty Images Ocado shares rose as much as 6.7% in London trading after a report suggested it may agree a deal with Marks and Spencer enabling the larger firm to make home deliveries. Shares in M&S also rose. M&S could buy distribution centres and vans from Ocado, the Mail on Sunday reported. It …
Image copyright PA Sir Philip Green has dropped legal action against the Daily Telegraph, which prevented the newspaper publishing details of allegations of sexual harassment and racist behaviour. Last October, the Telegraph published a story saying a prominent businessman had been accused of harassment. The Top Shop boss was later named as the businessman in …
Image copyright Getty Images Nissan said it is “co-operating” with an inquiry by US regulators, following reports that the carmaker is being investigated over executive pay disclosures. On Monday, US media reported the Securities and Exchange Commission (SEC) had launched a probe into Nissan. The carmaker did not give further details about the inquiry. It …
Guy Grainger, the CEO for Europe, the Middle East and Africa for property and investment firm JLL, says he used to find himself getting complacent every three, four or five years. So he came up with the philosophy of getting a successor in place to re-energise him for the next challenge. Video journalists: Rob Miller …
Image copyright Getty Images Conde Nast International will launch a new business-focused fashion title in an attempt to tap into new sources of revenue. Vogue Business will be a digital-only publication aimed at fashion industry professionals. Analysts say the move is part of a wider shift in the media sector toward niche publications. The launch …
Image copyright HERMIONE Image caption Kristo Kaarmann has turned a mistake into £1.2bn business The BBC’s weekly The Boss series profiles a different business leader from around the world. This week we speak to Kristo Kaarmann, co-founder and chief executive of money transfer business TransferWise. When Kristo Kaarmann was kicking himself for being “incredibly stupid”, …
Image copyright Sony Image caption Giant TV screens are one of the few stars in a gloomy retail landscape In a year of High Street gloom one item beamed bright from the sales figures – the giant TV screen. It may still be a tiny segment of the market but sales are rocketing. Dixons Carphone …