Image copyright Getty Images US fashion retailer Forever 21 has filed for Chapter 11 bankruptcy protection. In a statement, the company said it planned to “exit most international locations in Asia and Europe”. It comes as traditional retailers continue to struggle against rising competition from online rivals. Forever 21 said it has obtained $275m (£224m) […]
Forever 21 files for Chapter 11 bankruptcy protection Read More »
Image copyright Deltic Image caption People are spending more on entry fees and alcohol on a night out, the survey claims Britons are spending more on a night out than at any point in the last three years, a survey suggests. Club and bar chain Deltic found the average person spent £70.69 on a night
Spending on nights out in UK ‘hits three-year high’ Read More »
Media playback is unsupported on your device Media captionBoris Johnson: ‘Everything has been done with full propriety’ Boris Johnson says there was “no interest to declare” regarding links with US businesswoman Jennifer Arcuri. It is alleged Ms Arcuri received favourable treatment due to her friendship with Mr Johnson. The police watchdog are deciding whether to
Boris Johnson denies wrongdoing over Arcuri link Read More »
The boss of collapsed Thomas Cook has said he is “deeply sorry” over the historic travel firm’s liquidation. Peter Fankhauser also told the Mail on Sunday that saying farewell to staff had been “heartbreaking”. The 178-year-old travel firm collapsed this week, putting 9,000 staff in the UK out of work – and leaving 150,000 British
Thomas Cook boss ‘sorry’ over collapse but defends pay and bonus Read More »
Image copyright Getty Images Image caption Ferguson Marine in Inverclyde was nationalised by the Scottish government in August The former owner of the nationalised Ferguson shipyard has said he is ready to resume involvement in the yard. Engineering tycoon Jim McColl was forced to hand the business to administrators five weeks ago. Since then the
Tycoon Jim McColl ready to resume Ferguson shipyard involvement Read More »
Image copyright Getty Images Image caption Customers of Hayley King say their “dream holidays” never materialised Complaints from holidaymakers who believe they have been scammed by a travel agent are being investigated by police, the BBC can reveal. Customers of Hayley King’s London-based Around the World Travel business have reported turning up at hotels to
Travel agent Hayley King accused of holiday booking scam Read More »
Image copyright Getty Images Image caption Mark Carney is due to leave the Bank of England at the end of January The interviews are over. The shortlist is complete. But with so much political uncertainty, the appointment of the next governor of the Bank of England is anything but predictable. The search for the UK’s
Bank of England: Who will be the next governor? Read More »
Image copyright Getty Images Image caption It is estimated people in Stoke-on-Trent owe £80m to high-cost lenders One in every 200 adults in Stoke-on-Trent became insolvent in 2018 – the highest rate in England and Wales. The BBC spoke to some who are managing to claw their way out of debt, and to those helping
We are Stoke-on-Trent: ‘Debt was a circle I could not get out of’ Read More »
Image copyright Getty Images When Thomas Cook collapsed on Monday, the effects were felt across the world as tourists scoured for information on how to get home and many staff, despite having lost their jobs, stoically helped them. The Civil Aviation Authority (CAA) hired 45 jets to bring holidaymakers back, with only 5% of them
Thomas Cook: How the collapse affected me Read More »
Image copyright Reuters Image caption Alibaba listed on the New York Stock Exchange in 2014 The White House is reportedly considering de-listing Chinese companies from US stock exchanges as part of a broader effort to curb US investment in China. The US is also said to be looking at limiting the ability of government pension
US ‘considers de-listing’ Chinese companies Read More »
