Business

Business 06-06-2018

European Union warns businesses against using UK-made components, due to Brexit

Businesses operating in the EU are being told to consider turning away from parts made in the UK, ahead of the their impending exit. Sky News reports that these businesses will risk losing the benefits of free trade arrangements if they do. They revealed that the Dutch government is warning businesses about the prospect of […]

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Business 05-06-2018

Fox awaiting government ruling on Sky deal

Rupert Murdoch’s Fox is eagerly awaiting announcement on their planned takeover bid for Sky Plc, as a statement is expected on Tuesday. Secretary of State for Digital, Culture, Media and Sport Matt Hancock is planning to make an announcement to parliament regarding the government’s stance, and whether or not they will allow the proposed £11.7 […]

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Business 05-06-2018

Starbucks chairman Howard Schultz to step down

Coffee giant Starbucks have announced that the company’s chairman Howard Schultz will step down at the end of this month. Schultz, who held the position of CEO at Starbucks from 1986-2000, and again from 2008-2017, has been instrumental in growing the business from a small retail chain to one of the largest and most ubiquitous […]

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Business 04-06-2018

Approval for Mothercare’s rescue package – 50 stores to close

A company voluntary arrangement (CVA) has been given the green light by Mothercare creditors, as the company moves forward in refinancing efforts. The CVA will see the closure of 50 underperforming branches, out of 137 total, by June 2019. The move is part of a plan to restructure operations in the UK, as Mothercare hope […]

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Business 04-06-2018

Questions for Visa Europe boss following service failure

Many customers were left irate on a busy Friday afternoon last week, as Visa payments failed across the UK and Europe. Now chief executive of Visa Europe, Charlotte Hogg, is facing heat from UK parliament over the outage, which left countless shoppers unable to complete purchases and travellers stranded during Friday’s rush hour. Desperate customers […]

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Business 02-06-2018

PMI shows UK manufacturing growth for May

British factories showed positive growth results in the most recent PMI manufacturing survey. Despite hitting the lowest mark in 17 months this March, May’s report put growth at 54.4, a slight increase from the 53.9 recorded for April. The month’s result was the 22nd month with a positive growth score since 2016’s Brexit vote. The […]

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Business 02-06-2018

Network Rail arches sale endangering small businesses

Government owned Network Rail’s planned billion pound sale of railway arches to a private owner is set to put thousands of small businesses at risk of closure. Across England and Wales, tenants of the arches are being hit with rent increases of up to 500% on short notice, as well as some cases demanding as […]

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Business 02-06-2018

Visa apologizes for service failures

Angry customers across the UK and Europe were offered an apology Friday night, following a system failure that caused major disruptions. Many experienced nervy moments, as online and point of sale transactions failed for the majority of Visa cardholders on a busy Friday afternoon. After hours of darkness on the company’s twitter account, which was […]

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