When it comes to renting or buying a business property, there are several steps you should consider to make the best decision for your company. Here are some key steps to follow: Determine your budget: Before you start looking for a business property, you need to determine your budget. Consider how much you can afford…
New legislation making major changes to existing employment regulations comes into force from Monday 6 April 2020. Employers and employees can find the updated advice here on Acas’s website. The most significant changes are: Parental bereavement leave and pay The Parental Bereavement Leave and Pay Act 2018 gives all employed parents the right to 2…
Toys R Us, which has 100 stores and outlets in the UK, has put forward a company voluntary arrangement (CVA), which is a step short of going into administration. Under its CVA plans, Toys R Us is proposing to close at least 26 loss-making UK stores, which would put up to 800 jobs at risk…
Newcastle United Football Club owner Mike Ashley and British businesswoman Amanda Staveley have met for the first time in London to discuss the sale of the Premier League club. Investment firm PCP Capital Partners run by Staveley made a fresh offer of around £300m. Newcastle are yet to comment, but they have not denied the…
Gambling organisation Ladbrokes Coral is in talks over a takeover by online rival GVC, who own the Bwin and Sportingbet brands in a deal that could value the group at up to £3.9bn. Under the proposals, GVC would hold 53.5% of the combined group. Ladbrokes Coral became the UK’s biggest high street bookmaker following last…
UK retail sales fell by 0.3% in October 2016 compared with October 2017, according to the Office for National Statistics (ONS) who said it was the first annual fall since March 2013. Higher inflation had dampened spending, the ONS said, but it also pointed to the fact that last October had seen very strong growth.…
Sainsbury’s has reported a 9% fall in half-year profits, but sales rose. The UK’s second largest supermarket chain said profits were £251m in the 28 weeks to the 23 September, while like-for- like sales excluding fuel went up by 1.6%. It said the fall in profits was due to price cutting, wage cost inflation and…
Morrisons, the UK’s fourth-biggest supermarket chain, has reported a 2.5% rise in sales for the third quarter. Sales at the supermarket have now grown for eight quarters in a row. Morrisons has been the best performing of the established “Big Four” supermarkets recently, although all chains are attempting to fight off the strong competition coming…
Department store chain Debenhams reported annual profits down by 44% at £59m. Same-store sales in physical outlets were flat, but mobile sales are growing fast and were up by 57%. Sales of beauty products, accessories and food and drink helped to offset what was a weak clothing market, Debenhams said. Food sales in its cafes…
Lufthansa is set to sign a deal to buy parts of Air Berlin. Air Berlin, which is Germany’s second-largest carrier filed for bankruptcy in August after its main shareholder, Etihad, said it would not give further financial support. It reported a record loss of €782m (£713m) for last year. Flights continued after a transitional loan…