102890037 card - Card Factory warns on profits as weather dents sales
Business

Card Factory warns on profits as weather dents sales

Image copyright Card Factory Card Factory blamed weak consumer spending and “extreme” weather for a fall sales in the first half of the year. The greeting cards company said like-for-like sales had fallen 0.2%, compared with a 3.1% rise a year ago. It also said that profits would be lower than expected next year. Full-year […]

102887863 gettyimages 1012183390 - New York votes to cap Uber and Lyft services
Business

New York votes to cap Uber and Lyft services

Image copyright Getty Images Image caption The New York Taxi Workers Alliance has described it as a “historic victory” New York has become the first major US city to approve a cap on ride-hail car licences and set minimum pay conditions for drivers. The bill will impact popular app-based services like Uber and Lyft, who […]

102883822 reggiecopycopy - From east London to the City: How door knocking changed this boy's life
Business

From east London to the City: How door knocking changed this boy's life

Reggie Nelson was fed up with the world around him after his dad died. An inspirational chat led to Reggie deciding to take a risk knocking on the doors of the wealthy to find out how they amassed their wealth. One day a door opened. This is his story. Produced and Filmed by Cebo Luthuli […]

102867719 gettyimages 176526598 - 'It was attempted homicide'
Business

'It was attempted homicide'

Image copyright Getty Images Image caption US company AMSC had its wind turbine software stolen by its one-time Chinese partner Sinovel Windpower Dan McGahn says it was a case of attempted murder. The victim was his business American Superconductor (AMSC), and the perpetrator was a Chinese company called Sinovel Windpower. The two firms had been […]

102884662 p06gy3dv - How Instagram is influencing hotel design
Business

How Instagram is influencing hotel design

If a picture wasn’t uploaded, did it even happen? That’s the feeling amongst many today – especially millennials – and it’s something businesses are increasingly taking note of. This is perhaps no more so the case than in the tourism and hotel industry. Some hotels are so conscious of it, they are making deliberate choices […]

p06gypjj - Will the first Ikea in India succeed?
Business

Will the first Ikea in India succeed?

Media playback is unsupported on your device Media captionThe BBC’s Yogita Limaye explains how Ikea plans to woo India Swedish furniture giant Ikea has opened its first store in India in the southern city of Hyderabad. With a growing middle class, India could be a big opportunity for the company, but it’s also a market […]

102887533 ikeaindia4 - Ikea's plans to woo India
Business

Ikea's plans to woo India

Swedish furniture and home accessories giant IKEA has opened its first store in India. It’s located in the southern city of Hyderabad. The company has said it’s investing £1.5bn in India over the next ten years. The BBC’s Yogita Limaye visited the store. Source link

102880432 gettyimages 457202710 - Supply shortage could push rents up 15% says RICS
Business

Supply shortage could push rents up 15% says RICS

Image copyright Getty Images Image caption A sign of rising rents – they could go up 15% in five years Rents could rise 15% by 2023 as the supply of new rental properties dries up, according to a survey by the Royal Institution of Chartered Surveyors (RICS). It said small scale landlords are pulling out […]

102886992 hi048554674 - Revenue at Murdoch's Fox rises
Business

Revenue at Murdoch's Fox rises

Image copyright Reuters US media company 21st Century Fox saw revenue rise more than 17% in the fourth quarter, boosted by its film division. Revenue at the firm, which is led by Rupert Murdoch and his family, reached $7.9bn (£6.1bn) in the three months to the end of June, from $6.75bn in the same period […]

101742231 8hxid00y - Homebase owner 'plans to close 60 stores'
Business

Homebase owner 'plans to close 60 stores'

Image copyright PA Image caption Homebase has about 250 stores and 11,500 staff in the UK and was sold for £1 in May The new owners of Homebase will reveal plans to close 60 of its stores next week, which could threaten up to 1,500 jobs. Restructuring company Hillco, which bought the DIY chain for […]

102880428 gettyimages 1012990908 - China to hit US with tariffs on US imports worth $16bn
Business

China to hit US with tariffs on US imports worth $16bn

Image copyright Getty Images Image caption Bags of imported chemicals at a port in Zhangjiagang in China China’s commerce ministry has announced that it will start imposing 25% import duties targeting $16bn (£12.4bn) worth of US goods. The Chinese counter-move will take effect immediately after the US imposes tariffs on the same amount of Chinese […]

102881637 gettyimages 818918912 - Tesla board mulls de-listing plan
Business

Tesla board mulls de-listing plan

Image copyright Getty Images Tesla’s board has confirmed that it will consider the proposal by chief executive Elon Musk to take it private. A statement was issued by six members of the electric carmaker’s board after Mr Musk tweeted to say he had the funding to de-list the company. The board had “met several times […]