Business NEWS

Supermarket giant Tesco reports declining profits in home market

UK-based supermarket retailer Tesco plc (LSE:TSCO) announced today an increase in group profit for the year to 25 February 2012 but a decrease in profit generated in its home market. Pre-tax profit for … Continue reading “Supermarket giant Tesco reports declining profits in home market”


EU expresses concerns over fund managers

Concern over pan-European regulations which are being perceived as harmful to both business and private equity dealings with the US and Asia has been expressed by fund managers reports City index. Citing the … Continue reading “EU expresses concerns over fund managers”


UK prime minister announces Airbus contract in Indonesia as Far East trade tour continues

Prime Minister David Cameron, who is visiting Indonesia as part of a four-day trade tour of the Far East, today announced a GBP326m Airbus contract with Indonesian airline Garuda. The PM said that … Continue reading “UK prime minister announces Airbus contract in Indonesia as Far East trade tour continues”


The New IR35 Business Test: How Will Contractors Be Affected?

The IR35 Forum has revealed that a new business test as well as six risk scenarios will be published in April by HM Revenue & Customs. The improvements have been proposed to make … Continue reading “The New IR35 Business Test: How Will Contractors Be Affected?”


Dr Martens put up for sale

Classic British boot and shoemaker, Dr Martens, has been put up for sale by R Griggs Group. The family owned boot and shoemaker is set to fetch as much as 120m. The company … Continue reading “Dr Martens put up for sale”


Insurers fined for file tampering

RBS owned insurance companies Direct Line and Churchill has been fined for tampering with files. The files in question are customer compaint files which had been submitted to the Financial Services Authority (FSA). … Continue reading “Insurers fined for file tampering”


Advertising watchdog ban TalkTalk’s ‘safest broadband’ adverts

The advertising watchdog has punished TalkTalk after adverts claimed they offer the ‘UK’s safest broadband’.   The Advertising Standards Authority (ASA) have banned three of TalkTalk’s adverts following claims that their free Homesafe … Continue reading “Advertising watchdog ban TalkTalk’s ‘safest broadband’ adverts”


HMV face uncertain future as sales decline

Ailing retailer HMV have reported that like-for-like retail sales have dropped by 13.2 per cent compared to last year in the run up to Christmas.   The shocking figures have left the company … Continue reading “HMV face uncertain future as sales decline”


Primark exceeds expectations and plans expansion

Further Primark stores will continue to open, despite the retail giant seeing a dip in full-year profits. However although the stores profits are thought to have fallen 8 per cent, like many of … Continue reading “Primark exceeds expectations and plans expansion”


Carphone Warehouse to close UK Best Buy Stores

Carphone Warehouse have announced that 11 of their Best Buy consumer electronics stores will be closing. This is less than two years after they opened.   Stores will be axed across the southeast … Continue reading “Carphone Warehouse to close UK Best Buy Stores”


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