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Metro to delay the sale of Kaufhof

17/01/2012

Metro, the German retail giants, have confirmed they will postpone the selling of Kaufhof department stores due to what they described as 'disappointing' Christmas sales.


 

Chinese growth sees Burberry profits jump 21%

17/01/2012

Luxury fashion retailer Burberry have reported a 21% increase in sales for the fourth quarter.


 

Unilever workers begin first of ten days' strikes

17/01/2012

Unilever workers have toady (Tuesday) begun the first of up to 10 days of strikes as the Anglo- Dutch household goods giant refuses to back down from changes to the company pension policy that Union representatives fear could erode the value of their pensions by as much as 40%.


 

Dixons Retail sees a 5% drop in sales

17/01/2012

Dixons Retail have reported a drop in their sales over the Christmas period.


 

Royal Bank of Scotland offload aviation arm for $7.3 billion

17/01/2012

Sumitomo Mitsui Financial Group of Japan have agreed to buy the Royal Bank of Scotland's aircraft leasing division for $7.3bn (£4.7bn).


 

Opinion: Chancellor’s Yuan trading hub could revolutionise global trade

16/01/2012

The UK’s treasury this morning (Monday) announced its intention to turn London into a global hub for the trade of China’s ‘people’s currency’, the renminbi.


 

Northern Rock sale: a victory for banking reform?

16/01/2012

The sale of Northern Rock to Virgin Money would be a victory for the Independent Commission on Banking which urged greater competition among the nation’s leading banks, a PwC banking expert has said.


 

Deloitte secures majority buyer for Barratts Priceless Group

16/01/2012

The Joint Administrators of the Barratts Priceless Group today announced that they have been successful in finding a buyer of the business and the majority of its assets.


 

Rockhopper shares jump on Falklands sale rumours

16/01/2012

Shares in the UK- based oil and gas exploration firm, Rockhopper (AIM: RKH.L), have jumped by 27.75p- or nearly 10% on the news of a possible sale of its Falkland Islands site.


 

Chancellor announces plans for London-based yuan trading hub

16/01/2012

George Osborne, Chancellor of the Exchequer, and Norman Chan, Chief Executive of the Hong Kong Monetary Authority (HKMA), today (Monday) met to announce the next steps in promoting closer collaboration between London and Hong Kong as part of the increasing global use of the Chinese currency, the Renminbi (RMB).