French Connection, the apparel retail brand that struck gold when it changed its brand to closely reflect an old Anglo-Saxon profanity hit losses of £3.6 million for the six months as customers deserted the now tired and jaded brand.The clothing manufacturer has sold over a million T-shirts emblazoned with various adaptations of the word...
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The Bank of England’s monetary policy review committee managed to pull a rabbit out of the hat this afternoon. In a move that most had discounted, the MPC announced at noon that for the first time in eleven months it would increase interest rates in the UK to 4.75 percent. Whilst the MPC has...
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Good news from the high street, Marks and Spencer has announced that it is to expand and hire an additional 4,000 staff. Whilst other high street retailers have suffered over the last few months it seems that M&S has managed to turn its business around finally after many false starts. Like for like sales...
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Over the next month or so we’re hoping to expand our repertoire of comment and analysis. So we’re looking for any experts to add to our source on a regular or ad hoc basis. If your article is submitted we will fully accredit you or your blog address in The Business News Source –...
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The worst kept secret of the weekend is that giant UK retailer Tesco is considering making a bid for the Polish arm of French rival Casino. The bid is likely to top €800m, though Tesco may have to bid against the French super giant retailer Carrefour. Tesco is already a big player in the...
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