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 …
Image copyright PA Image caption The US-style paper carrier bag will have handles and a similar capacity to a plastic carrier bag Morrisons is introducing a reusable 20p paper bag as part of an eight-week trial in eight of its stores. The supermarket chain will also trial increasing the cost of its reusable plastic carrier …
Media playback is unsupported on your device Media captionThieves hack into a car’s security system using computerised unlocking technology Hundreds of popular cars – including four of the five best-selling models in the UK – are susceptible to “keyless theft”, new research claims. Consumer group Which? found the Ford Fiesta, Volkswagen Golf, Nissan Qashqai and …