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A steel firm has been prosecuted by the medical solicitors Health and Safety Executive, following an accident involving one of its workers. On the 11th September 2009, a 41-year-old worker, whose name has not been made public, was carrying out his duties at a steel plant in Cardiff when the accident at work occurred. The worker was . . . → Read More: Steel Company Fined after Worker Sustains Hand Injury  Food sales helped High Street stalwart Marks & Spencer report Christmas figures that were better than executives had predicted, even though the results from other departments in the store proved to be somewhat disappointing. An increased range of party nibbles helped the retailer record a 3% increase in food sales from Christmas 2010, but sales of clothes . . . → Read More: Marks and Spencer has a great Christmas It has been estimated that last year nearly 75,000 people from the UK who were travelling had their travel plans interrupted because of companies going out of business. It is estimated that this left them with a total figure of over £25 million in additional expenses such as repatriation costs. In the last year nearly 25 . . . → Read More: 75,000 travellers hurt by failed travel companies The debt riddled Thomas Cook travel operator announced this week that it would have to close about 200 stores located across the UK, including one regional branch in Skegness. The first 11 closures will take place over the next two years but theLumley Roadbranch will be safe from closure, although its sister Co-Operative travel site that is . . . → Read More: Thomas Cook closing 200 shops IAG, the owner of British Airways, has announced that they will purchase BMI from its previous owner Lufthansa for a grand total of £172.5m, but is warning those with BMI that the purchase may result in the loss of jobs. IAG also owns Iberia and as a result of the new purchase will gain access to . . . → Read More: BMI comes under the wing of British Airways In a deal that has been valued at around 150 million Euros, ThyssenKrupp sold off its super yacht the Blohm + Voss along with two other ships to Star Capital the British buyout firm so that the German steelmaker can shift their focus solely onto building military vessels. The newly announced sale is part of ThyssenKrupp’s 10b . . . → Read More: ThyssenKrupp sells its super yacht business Research reveals that the amount of overtime work offered to employees has decreased by about 25% since the recession when compared to pre-recession levels in 2007. The Trades Union Congress analysis finds that the total amount of overtime hours has fallen down to 41 million this year when compared to 54 million back in 2007 which is . . . → Read More: Overtime down by 25 percent Jacques Vert have agreed to be taken over by Sun Capital, the private investment firm from the US for around £41.2m, almost a month after a full year profit warning was released by the British fashion retailer. Retailers in Britain are very nervous about consumer spending in the key Christmas period, due to a string of . . . → Read More: Sun Capital take over Jacques Vert Two sources have reportedly said following a settlement between an Irish property agent and as Irish property developer, the flagship Louis Vuitton store on New Bond Street, London, and another two shops, have been purchased by the chief executive of LVMH, Bernard Arnault. Arnault is France’s richest man, and earlier this month he agreed to purchase three . . . → Read More: Louis Vuitton store on New Bond Street sold Although the majority of us have had to tighten our belts by quite a few notches, the latest figures from the Nationwide Consumer Confidence Index has indicated that customer confidence has risen slightly and for November stands at 40. This isn’t as good news as it first seems however, as this is only a tiny rise . . . → Read More: Confidence increases in November |
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