Business

Retailer profit warnings double in year, says EY

Image copyright Moss Bros Image caption Moss Bros issued a profit warning in March The number of profit warnings by FTSE-listed retailers has doubled over the past year, as the sector has been hit by rising costs and subdued spending. According to EY, there were 20 profit warnings in the first half of 2018, double […]

Business

Ryanair customers urged to claim compensation

Image copyright PA Image caption The budget airline is facing three says of strikes across it’s European network More than 100,000 Ryanair passengers could be in line for compensation after their flights were cancelled because of strikes. The Civil Aviation Authority (CAA) has urged Ryanair customers to claim under European flight rules. Earlier this month […]

Business

Especially for you

Image copyright Kent Wang Image caption Suits you, sir: More outfitters are offering online custom-made suits A monogrammed shirt, an inch perfect suit or a dress made to your exact specifications might sound like a fashionista’s dream and a nightmare for your wallet. Thanks to the internet however, personalisation is becoming increasingly affordable. The average […]

Business

How Netflix went from pioneer to powerhouse

Image copyright Netflix Image caption Shows like The Crown have helped Netflix woo potential subscribers When Netflix started out in 1999, as a mail-order DVD service, few would have bet that it would become a force that even the biggest media companies fear. In the early days it hastened the demise of neighbourhood movie rental […]

Business

India scraps tampon tax after campaign

Image copyright AFP Image caption The introduction of the 12% “blood tax” sparked protests across India India has scrapped its 12% tax on all sanitary products following months of campaigning by activists. The announcement comes a year after the government introduced the tax, known as GST, on all goods – including the 12% duty on […]

Business

PayPoint: Energy payments fixed for customers

Image copyright Getty Images Customers were left without gas and electricity after PayPoint terminals across the country went down. Users of the network, which lets people pre-pay for energy at some shops and supermarkets, complained about freezers thawing and having no electricity. Complaints were made on social media on Saturday, before PayPoint later said the […]

Business

Mortgage misery

He used to be a London cabbie, while she ran a shop. But ten years after they took out a mortgage, Peter and Lisa King are now in debt by £500,000, and are due to have their home in Essex repossessed. They fell behind with their repayments after chronic illness struck the household. At one […]

Business

Six ways China could retaliate in a trade war

Image copyright Getty Images The US is threatening to escalate its trade war with China. It imposed tariffs on $34bn of Chinese goods on 6 July and only days later listed another $200bn of additional products it intends to target. US President Donald Trump has said more than $500bn worth could be hit – almost […]