Image copyright Getty Images Image caption Donatella Versace is artistic director of the Italian fashion house Versace, the Italian fashion house founded by Gianni Versace 40 years ago, is set to be bought by Michael Kors, according to reports. The US fashion group has agreed to buy the Italian firm in a deal worth about …
Image copyright Dan Kitwood WH Smith has stopped selling gift cards for department store chain Debenhams. There has been much speculation over Debenhams’ financial health, and earlier this month it rushed out a statement to try to reassure investors. So far this year, Debenhams has issued three profit warnings and lost more than two-thirds of …
Image copyright Reuters British and European Union airlines would lose the automatic right to fly to each other’s territories if there is no Brexit deal, the government said. The warning was contained in technical guidance about Brexit released by ministers on Monday. The government wants both sides to mutually recognise EU and UK aviation standards …
Image copyright Getty Images Oil prices have hit a four-year high of close to $81 a barrel after Saudi Arabia and Russia rejected calls by Donald Trump to increase production. Brent crude hit its highest since November 2014 at $80.94 a barrel, up 2.7%, before falling back to $80.49. Saudi Arabia leads the Opec oil …
Image copyright Getty Images Comcast’s victory in the long battle to win control of Sky, the satellite broadcaster founded by Rupert Murdoch in the 1980s, is the latest milestone in the media tycoon’s colourful career that spans six decades. It comes less than a year after the Australian sold the entertainment assets of 21st Century …
Image copyright Randgold Canada’s Barrick Gold is buying Randgold Resources, creating the world’s biggest gold miner with a value of about $18bn (£14bn). The firms own some of the world’s most valuable gold fields, producing more than 6.6 million ounces of gold a year. Barrick shareholders will end up own two-thirds of the combined firm …
Image copyright MISTER LYNCH Weight Watchers has unveiled a slimmed down version of its name, rebranding itself WW, in what it says marks “the next stage of the company’s evolution”. The company says the new name reflects its development from focusing on weight loss to overall health and wellness. But the chief executive was unable …
Image copyright Total Energy company Total has announced a major gas discovery off Shetland. Initial tests at a site on the Glendronach prospect indicated there could be about one trillion cubic feet of gas which could be extracted. Total’s Arnaud Breuillac said the discovery could be commercialised by using the current Laggan-Tormore infrastructure. Total has …
Image copyright Getty Images France’s biggest supermarket group, Carrefour has denied approaching rival Casino over a possible tie-up. That is despite Casino saying that its board had unanimously decided to reject a Carrefour approach. However, Carrefour is adamant that no such approach was ever made. Carrefour alleged that “difficulties” faced by Casino and its controlling …
Would you play a video game about Brexit? Not Tonight is a game that imagines a dystopian post-Brexit future where citizens of European heritage have been rounded up and exiled. Forced out of your previous life, you find yourself in the midst of a booming gig economy, fighting to scrape by and return to the …