Business

House of Fraser warehouse jobs at risk, union says

Image copyright House of Fraser Image caption House of Fraser’s website has been taken offline More than 600 jobs are under threat at two House of Fraser warehouses which supply deliveries to stores and customers, a union has warned. The GMB said 627 staff at the two warehouses were told on Friday that they are […]

Business

John McDonnell calls Lehman Brothers reunion 'sickening'

Image copyright Getty Images Image caption Lehman Brothers collapsed nine years ago on 15 September 2008 A reunion to mark the 10th anniversary of the collapse of Lehman Brothers has been called “sickening” by the shadow chancellor. The failure of the US investment bank in 2008 was a crucial moment in the financial crisis. Mr […]

Business

Tesla slips as doubts grow over Elon Musk take-private plan

Image copyright Getty Images Tesla shares fell under $300 on Monday amid growing doubts about Elon Musk’s ability to take the company private. Shares in the electric car maker are down more than a fifth since he revealed the plan in a tweet on 7 August. Some analysts predict Tesla still has further to fall: […]

Business

Uber and Deliveroo drivers 'more likely to crash'

Image copyright Reuters Image caption A report has called for stricter safety measures for gig-economy drivers and couriers. Drivers and couriers who get their work from apps face a “heightened risk” of crashes, a study suggests. Research from University College London (UCL) indicated 42% of “gig-economy” couriers and taxi drivers reported vehicle damage because of […]

Business

Fashion website Farfetch plans US share float

Image copyright Pantling Studio Image caption The company has a swanky London headquarters Luxury shopping website Farfetch has announced plans to list its shares on the New York Stock Exchange. The London-based firm, founded in 2008 by Portuguese entrepreneur Jose Neves, sells designer clothing online from firms including Gucci and Burberry. Farfetch said it had […]

Business

Countrywide scraps bosses' £20m bonus package

Image copyright Getty Images Countrywide, the UK’s largest estate agency group, has cancelled plans for a new bonus package for its bosses following an outcry from investors. The package could have paid out a total of £20m to three executives, depending on the firm’s share price performance over the next three years. Shares in Countrywide […]

Business

Jamie Oliver's 'jerk rice' accused of cultural appropriation

Image copyright Getty Images Jamie Oliver has been accused of cultural appropriation for calling a new product “punchy jerk rice”. The decision to label the microwavable rice “jerk” has been criticised, because the product doesn’t contain many of the ingredients traditionally used in a Jamaican jerk marinade. “I’m just wondering do you know what Jamaican […]

Business

Energy switch firm wins record Dragons' Den deal

Image caption Will Hodson and Henry de Zoete are pleased with their success The founders of an energy switching service are “delighted” after securing what has been described as the best deal in the history of Dragons’ Den. Henry de Zoete and Will Hodson, co-founders of Look After My Bills, received offers from all five […]

Business

Apple 'pulls gambling apps from China App Store'

Image copyright Getty Images Apple has removed thousands of gambling apps from its China app store, according to reports. The tech giant would not confirm reports suggesting it had pulled 25,000 apps, but in a statement the firm said “gambling apps are illegal and not allowed on the App Store in China”. The cull follows […]

Business

PepsiCo buys Sodastream for $3.2bn

Image copyright Getty Images PepsiCo has announced it is buying Sodastream for $3.2bn (£2.5bn). Israel-based Sodastream makes a machine and refillable cylinders allowing users to make their own carbonated drinks. The deal gives Pepsi a new way of reaching customers in their homes at a time when its signature sugary drinks are becoming less popular. […]

Business

Mulberry warns House of Fraser collapse will cost it £3m

Image copyright Mulberry Luxury handbag maker Mulberry is putting aside £3m to cover costs relating to House of Fraser’s collapse. Mulberry operates 21 House of Fraser concessions, employing 88 people. Its estimate follows a review of the debts and potential costs that may result from the store chain’s restructuring by buyer Sports Direct. Mulberry also […]

Business

Taxi-hailing firm Ola starts operating in Wales

Image copyright Ola Indian taxi-hailing giant Ola begins operating in Cardiff, Newport and Vale of Glamorgan on Monday. The company announced earlier this month it would be moving into the UK, with south Wales and Greater Manchester its first ports of call. Founded in 2011, Ola continues to challenge Uber around the world and has […]