Vodafone , one of the world’s largest international telecoms companies, has joined RE100 today, committing to purchase 100% of the electricity it uses from renewable sources by 2025. Led by The Climate Group, in partnership with CDP, RE100 brings together the world’s most influential companies committed to 100% renewable electricity. Vodafone’s...
Debenhams has reported a dramatic drop in pre tax profit of 85% for the six month period to 3 March 2018 to £13.5m. The retailer has blamed a mixture of a change in shopping habits of its customers and the extreme weather brough about by the 'beast from the...
Shares in John Laing Infrastructure Fund (JLIF) have soared by more than 18 per cent this morning after news of a possible buyout of the company. JLIF is one of Europe’s largest listed infrastructure funds, with a Premium Listing on the FTSE 250. The Board of JLIF and a consortium which comprises Dalmore...

Tesco Direct closing down

Tesco has announced plans to close its non food website, Tesco Direct, on 9 July 2018. Tesco Direct sells a range of general merchandise, including technology, homeware, clothing and toys for delivery or collection. Approximately 500 jobs across the business will be at risk of redundancy. Tesco Direct has faced a...
Carpetright have reported a pre-tax loss of £70 million for the year ending 28 April 2018. as the struggling retailer's revenue decreased by 3.0% to £443 million. Carpetright agreed to a Company Voluntary Arrangement (CVA) with its creditors in April and is set to close 81 of its stores. In what has been...
Mothercare has announced plans to close fifty stores as part of a rescue plan. The closures could result in the loss of at least 800 job losses throughout the UK. The restructuring plan, known as a Company Voluntary Agreement or CVA will secure funding of £113 million and result in the closure...
Drive for 'pace and simplicity' results in 4600 UK job cuts Rolls Royce have announced the next stage in their 'drive for pace and simplicity', resulting in the loss of 4600 UK jobs over the next 24 months. According to Rolls Royce's official statement, this is to create a 'simpler, leaner and more...
A merger worth £13 billion between Sainsbury's and Asda  has been confirmed by Sainsbury who plan to merge with Asda which is owned by Walmart. Mike Coupe, Chief Executive of Sainsbury's, has said the deal would not result in store closures or job losses. As a result of the merger the...
Tesco have announced plans to form a long-term 'strategic alliance' with French company Carrefour. Carrefour is one of the largest hypermarket chains in the world, operating 12,300 stores across 30 countries and employs almost 375,000 people worldwide.. @Tesco and @CarrefourGroup to create long-term strategic alliance: https://t.co/lC3FDYkVBE — Tesco News (@tesconews) July 2,...
House of Fraser has confirmed plans to close some of of its stores as part of a restructuring plan that will see C. banner international, the Chinese owner of Hamleys toy shop, acquire a 51 per cent stake in the company, for a reported sum of £70 million. House of...

Latest

Do NOT follow this link or you will be banned from the site!
error: Content is protected !!