Business NEWS

Gender pay gap among UK employees narrows to 9.6%

The pay gap between men and women in the UK is narrowing, official figures showed today. Based on earnings in April 2012, the difference between hourly pay rates for men and women in … Continue reading “Gender pay gap among UK employees narrows to 9.6%”


Asda grows UK market share to 17.5%

UK supermarket chain Asda reported today that its share of the UK grocery market has increased to 17.5%, up 0.1% year-on-year. The retailer, which is owned by Wal-Mart Stores Inc (NYSE:WMT) in the … Continue reading “Asda grows UK market share to 17.5%”


Foreign visits to UK down in August despite Olympics

The number of visits to the UK by overseas residents was 5% lower in August, despite London hosting this year’s Olympic Games, figures showed today. The Office for National Statistics (ONS) reported that … Continue reading “Foreign visits to UK down in August despite Olympics”


Shares in toy maker Hornby sharply down after profit warning

Toy maker Hornby plc (LSE:HRN) saw its shares fall more than 40% today after announcing that the company will not make a profit this year. Hornby has blamed disappointing sales of London 2012 … Continue reading “Shares in toy maker Hornby sharply down after profit warning”


UK Business Secretary unveils plans to cut employment law red tape

Proposals to limit compensation for unfair dismissal and to encourage settlement agreements to end employment relationships have been put forward by the UK government today. Business Secretary Vince Cable has announced a range … Continue reading “UK Business Secretary unveils plans to cut employment law red tape”


UK retailers John Lewis and Next post higher profit

Retailers John Lewis and Next, two of Britain’s biggest high street names, reported an increase in half-year profit in their financial reports released today. Employee-owned partnership John Lewis, which operates John Lewis department … Continue reading “UK retailers John Lewis and Next post higher profit”


OECD lowers forecast for UK economy in 2012

The Organisation for Economic Co-operation and Development (OECD) has said that it expects the UK economy to contract by 0.7% in 2012. This is a significant decrease from the OECD’s forecast in May … Continue reading “OECD lowers forecast for UK economy in 2012”


Amazon to compete with Groupon by launching daily deal site in London

E-commerce giant Amazon is on a quest to conquer new territories by launching a daily deals site, designed to operate for London initially, it has emerged. The new site will aim to compete … Continue reading “Amazon to compete with Groupon by launching daily deal site in London”


UK business groups expect economy to shrink this year

Leading business groups in the UK have downgraded their economic forecasts and called for action from the government. The British Chambers of Commerce (BCC) announced today that it expects the UK’s gross domestic … Continue reading “UK business groups expect economy to shrink this year”


E-crime costs UK retailers £200m a year

Internet crime is the biggest emerging threat to the UK’s retail sector, the British Retail Consortium (BRC) claimed today. This type of criminal activity is a growing threat to retailers as more and … Continue reading “E-crime costs UK retailers £200m a year”


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