Business

Oil nations look at extending supply cut

Image copyright AP Major oil producers are considering extending their recent cuts to output in a fresh bid to boost prices. Countries in the oil cartel Opec and several other oil nations started to reduce production at the start of 2017. The move initially pushed up the oil price, but it has dropped in the […]

Business

Jones Bootmaker sale saves 840 jobs

Image copyright PA The bulk of footwear chain Jones Bootmaker has been sold to investment firm Endless, saving 72 stores and 840 jobs. However, the remaining 31 stores will close and about 260 jobs are expected to be lost. Jones was owned by Alteri Investors, whose “value” shoe chain Brantano collapsed earlier this week. Endless […]

Business

It's miraculous, says South Africa's spinach king

In the US, 26 March is National Spinach Day. The leafy green vegetable is widely known for its many health benefits and in the Khayelitsha township in Cape Town, Lufefe Nomjana has found an innovative way to promote these benefits in his community, baking and selling spinach bread. Africa Business Report visited his bakery to […]

Business

Cheaper flights

Image copyright IAG Budget airlines have transformed air travel over the past two decades, making a flight almost as cheap as a coach journey for hundreds of millions of travellers. But can the same ever be true for longer journeys as well? Our love affair with budget airlines continues unabated. Ryanair, the Irish carrier that […]

Business

'Backward on pay'

We asked women how they have coped financially after having a baby, following a call by a trade union body for “decently paid” maternity leave. The TUC said statutory maternity pay for UK mothers was among the worst in Europe. Here’s what you had to say. ‘The cost of living is too high’ Priya Virdi, […]

Business

High cost credit products must be tackled, say Lords

Image copyright Getty Images The banks and financial regulators should do more to tackle the vicious cycle of debt and overcharging, says a Lords committee. The Financial Exclusion Committee says banks are failing the customers who need them the most, leaving the poorest to rely on expensive products. It adds that controls on “rent to […]

Business

Why mix earthworms and cocoa shells?

Earthworms are loved by farmers across the world, because of their ability to rejuvenate the soil. In Ivory Coast, a microbiologist-turned-entrepreneur has seen an opportunity to make a unique compost using manure, earthworms and the discarded shells from the country’s biggest export – cocoa. Africa Business Report went along to find out more. Source link

Business

New £1 coin: Tesco to leave trolleys unlocked

Image copyright Getty Images Shopping trolleys at Tesco’s biggest supermarkets will be left unlocked when the new £1 coin is released on Tuesday. The company said it was an “interim” measure while it carries out work to replace the locks on its trolleys to take the new 12-sided coins. Fewer than 200 of Tesco’s 3,500 […]

Business

Pearson boss sees pay boost despite firm's struggles

Image copyright Pearson The boss of publisher Pearson saw his pay package rise 20% last year despite the firm sliding to a record loss. John Fallon made £1.5m in 2016, including a £343,000 bonus, as the company hit certain performance measures. Pearson met its operating profit target of £630m, but made a £2.6bn pre-tax loss […]