Image copyright Basher Eyre Image caption The Knight & Lee store opened in Southsea in 1865 and was acquired by the John Lewis Partnership in 1933 John Lewis is to close its first store since 2006. The retailer said the 35,000 sq ft Knight & Lee outlet in Southsea in Hampshire was its smallest full-range …
Image copyright NurPhoto / Getty Images Spanish-owned bank Santander is slashing its branch network by almost a fifth, putting 1,270 jobs at risk. The bank blamed the closures on “changes in how customers are choosing to carry out their banking”. It said branch transactions have fallen 23% in the last three years, while digital transactions …
Image copyright Getty Images Image caption Carl Rogberg, former finance director for Tesco, arriving for a previous hearing at Southwark Crown Court in London A former director of Tesco has said he should never have been charged after being acquitted of fraud at the supermarket chain. Carl Rogberg also questioned why Tesco had agreed two …
Image copyright Getty Images The company that owns Patisserie Valerie could be facing legal action from investors over the collapse of the cafe chain. Chris Boxall, co-founder of Fundamental Asset Management, said he was “flabbergasted” by the situation. He told BBC Radio 4’s Today Programme he was considering legal action as he had a “moral …
Image copyright AFP Wetherspoons has warned that pre-tax profits for the first half of its financial year will be down on 2018. This is despite a 7.2% rise in like-for-like sales during the 12 weeks to 20 January 2019. The pub chain said labour costs increased by £30m for the period, along with the cost …
Image copyright Getty Images Image caption Customers are opting for luxury destinations like Mauritius as well as those closer to home The British holidaymaker is back in fine fettle with a January jump in bookings for the summer. Helping sales is a growing army of 2,000 personal travel agents who work from home and visit …
Image copyright Getty Images Sony will move its European headquarters from the UK to the Netherlands to avoid disruptions caused by Brexit. The company said the move would help it avoid customs issues tied to Britain’s exit from the EU, according to AFP. Despite the move, Sony won’t shift personnel and operations from the existing …
Image copyright Getty Images Image caption Former chief executive of Barclays John Varley The first criminal trial of senior UK banking executives in the wake of the financial crisis is due to begin on Wednesday. The case against four former executives has been filed by the Serious Fraud Office over Barclays’ £11.8bn rescue. The bank …
Former F1 World Champion Nico Rosberg wants to bring electric transport to the masses. Source by [author_name]
Image copyright Getty Images Image caption John Varley was Barclays’ chief executive at the time of the financial crisis The trial of four former Barclays executives starting in January 2019 is a unique legal landmark. Bank chief executives have been prosecuted before, in Iceland and Ireland, but never in the United States or the United …