Business

Can Sir Philip Green save his retail empire?

[ad_1] Image copyright Getty Images Image caption Topshop has "lost appeal", say retail analysts High Street retail chain Arcadia claims to be in serious trouble, facing what it calls "significant liquidity issues".The answer, it believes, is a Company Voluntary Arrangement (CVA), a series of proposals to its creditors which is due to be issued on Wednesday.But critics say it raises as many questions as it answers and fails to address
Business

Sir Philip Green to close 25 more Evans and Miss Selfridge stores

[ad_1] Image copyright Getty Images Image caption The latest closures will include mostly Evans stores as well as six Miss Selfridge shops Sir Philip Green's retail empire Arcadia will close twice as many stores as it announced earlier this week.Arcadia, with brands including Topshop, Burton and Dorothy Perkins, initially announced 23 stores would close as part of a plan to rescue the struggling business.Now it has emerged that a further
Business

‘I entrusted my pension to German builders’

[ad_1] Image copyright Anna Kluehspies Image caption Samantha Hields invested her money for five years Charity worker Samantha Hields had saved up a pension of £16,000 and, after being made redundant, was given an offer she could not refuse.A salesman called her out of the blue and told her she could boost her savings by lending the money, securely, to a company redeveloping listed German buildings into luxury flats."He said
Business

What the Jamie’s Italian collapse can teach rival chains

[ad_1] Image copyright Getty Images Earlier this week, Jamie Oliver's restaurant group went into administration, with 1,000 jobs being lost.The group, which includes the Jamie's Italian chain, Barbecoa and Fifteen, has been reduced from 25 restaurants to three.It appears to be part of a broader trend, according to statistics from data firm CGA.Chains saw a 1.1% drop in restaurant numbers in the year to March, a sharper decline than the
Business

‘I drive in the bus lane’

[ad_1] Image caption Dagfinn Hiehe says he no longer sits in traffic jams "I drive in the bus lane because I have an electric car. It saves me 30 minutes on every journey to work."Dagfinn Hiehe was smiling ear-to-ear as he told me his favourite thing about having an electric car. "You don't need to queue. You can just by-pass the queue. It is a great feeling!"Dagfinn is one of
Business

UK retail sales stall in April

[ad_1] Image copyright Getty Images Image caption Scottish shops are outperforming the rest of the UK Retail sales stalled in April but warmer weather boosted sales of clothing, which offset falls in other areas of spending.The Office for National Statistics said sales in April were flat on March, when sales had unexpectedly risen.In the three months to April, sales increased by 1.8%, with a record quarter for the online sector.ONS
Business

Stagecoach takes legal action over West Coast franchise

[ad_1] Image copyright Getty Images UK rail operator Stagecoach is to take the government to court over its disqualification from running the West Coast Partnership franchise from 2020.Stagecoach and its partners were barred from running three franchises by the Department for Transport (DfT) last month.The DfT disallowed the bids because they did not meet pensions rules.The claim alleges that the DfT breached its statutory duties, which include a "fair" tendering
Business

How the microscope became a million dollar idea

[ad_1] They're vital tools for science and medicine - especially for finding harmful germs and viruses. But the person who invented the first microscope, three centuries ago, didn't have such noble aims in mind. He was a money-minded businessman who wanted to check he wasn't being sold shoddy goods, as Aaron Helsehurst explains.Video by Jeremy Howell [ad_2] Source link