Business

Mothercare UK administration plan threatens 2,500 jobs

Image copyright Newscast Baby goods retailer Mothercare has said it plans to call in administrators to the troubled firm’s UK business, putting 2,500 jobs at risk. Mothercare said its 79 UK stores were “not capable of returning to a level of structural profitability and returns that are sustainable for the group”. “Furthermore, the company is

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General Election 2019: Public spending ‘to rocket’ in next parliament

Image copyright Getty Images Government spending is likely to head back towards 1970s levels over the next parliament whichever party wins the general election, research suggests. Think tank the Resolution Foundation said both Labour and the Conservatives were planning big increases in the size of the state. But it said they faced “huge questions” over

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No-one understood our idea, but now it’s worth over $1bn

Image copyright Bloomberg The BBC’s weekly The Boss series profiles different business leaders from around the world. This week we speak to Howie Liu, the founder and chief executive of the fast-growing spreadsheet start-up AirTable. Silicon Valley boss Howard Liu is sitting, he believes, on an idea that could earn tens of billions of dollars.

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McDonald’s: CEO Steve Easterbrook fired after dating employee

Image copyright Getty Images McDonald’s has fired its chief executive Steve Easterbrook after he had a relationship with an employee. The US fast food giant said it had been consensual, but Mr Easterbrook had violated company policy and shown poor judgement. In an email to staff, the British businessman acknowledged the relationship and said it

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Olivia Newton-John’s Grease outfit fetches $405,700 at auction

Image copyright Archive Photos Image caption Despite the hefty price tag, the bidder decided the outfit was the one that they wanted The black leather jacket and skin-tight trousers that Olivia Newton-John wore for the finale of Grease have fetched $405,700 (£314,000) at auction – more than double the expected bid. The actress’ original script

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