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New dawn as HMV rescued by Canada’s Sunrise

HMV has been acquired out of administration by Canadian retailer Sunrise Records, safeguarding the future of nearly 1,500 staff. Sunrise, which is owned by Doug...

Debenhams stores under threat in latest restructuring plans

The retailer is preparing documents for a company voluntary arrangement (CVA), a type of insolvency procedure which could help it reduce rents and shutter...

UK construction output loses momentum as Brexit uncertainty weighs on firms

Output in Britain’s construction sector lost momentum in January, with business activity slowing to its weakest for 10 months, as Brexit uncertainty weighed on...

Amazon in UK ‘paid less tax in 20 years than M&S in one year’ – report

Amazon has paid less corporation tax in the UK over the last two decades than major retailers such as Marks and Spencer paid in...

Risk of no-deal Brexit rises to ‘significant 30%’

The risk the UK will crash out of the EU at the end of next month has risen to “a significant 30%” but the...

PwC, EY join consult ban to restore public trust in sector

Two of the Big Four accounting firms said they will stop offering consulting services to audit customers in an effort to restore public trust...

Asda loses staff over equal pay

British supermarket chain Asda has lost the latest round of a long-running legal battle with its staff over equal pay. The retail giant challenged an...

Shell posts €18.6bn profit haul for 2018

Royal Dutch Shell has notched up a 36% hike in annual earnings thanks to higher oil prices. The blue chip giant posted underlying earnings of 21.4...

Apple revenue and profits down as iPhone sales take a hit

Apple has reported a decline in both revenue and profits in its latest quarterly financial results, as the company feels the pinch from slowing...

Belgians lobbying BBC to move to Brussels after Brexit

Belgian officials are lobbying for a BBC move to Brussels after Brexit, the director-general has revealed. Lord Tony Hall said there are also efforts to...

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