Business NEWS

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”


Wet weather keeps shoppers away from Britain’s high streets

There was a decrease in the number of shoppers visiting high streets, shopping centres and out of town retail parks across the UK in the three months to July, according to a report … Continue reading “Wet weather keeps shoppers away from Britain’s high streets”


UK airport operator BAA to put Stansted Airport on the block

UK’s BAA Airports Limited said today it will proceed with the disposal of London-based Stansted Airport Limited after deciding not to file an appeal to the Supreme Court against a court decision regarding … Continue reading “UK airport operator BAA to put Stansted Airport on the block”


Virgin Rail loses West Coast contract to FirstGroup

Sir Richard Branson’s UK rail operator, Virgin Rail, has lost its bid to continue running the West Coast mainline route, it was announced today. The contract has been handed to rival operator FirstGroup … Continue reading “Virgin Rail loses West Coast contract to FirstGroup”


Sponsor Bain acquires 30% stake in Genpact for $1bn

US private equity firm Bain Capital LLC has agreed to buy some USD1bn (EUR815.7m) worth of common shares in Bermuda-based business process management (BPM) company Genpact Ltd (NYSE:G) from certain existing sponsors, the … Continue reading “Sponsor Bain acquires 30% stake in Genpact for $1bn”


Online travel agents and hotel group broke competition law, OFT claims

Two online travel firms and a hotel group have been accused of infringing competition law by limiting hotel room discounts. The UK’s Office of Fair Trading (OFT) issued a Statement of Objections today, … Continue reading “Online travel agents and hotel group broke competition law, OFT claims”


UK genetics firm Genesis in JV with Chinese pork producer BeSun

British animal genetics company Genus Plc (LON:GNS) said today that its porcine genetics division PIC had signed a deal to set up a joint venture in China with domestic pork producer Shaanxi Yangling … Continue reading “UK genetics firm Genesis in JV with Chinese pork producer BeSun”


Sale of IMO Car Wash postponed as investors opt for refinancing

The the planned sale of  IMO Car Wash Group has been terminated, the Telegraph reported without specifying its sources, and the company’s owners have opted to refinance the business instead. Exponent and Permira … Continue reading “Sale of IMO Car Wash postponed as investors opt for refinancing”


Cosmetics giant Coty forms South Korean JV with LG Household & Health

US-based beauty care products maker Coty Inc has formed a joint venture with South Korean sector company LG Household & Health Care Ltd (KRX:051900), or LG H&H, to extend their presence in the … Continue reading “Cosmetics giant Coty forms South Korean JV with LG Household & Health”


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