Tag Archive
Incompetent Accountant On Their Bike?
There are sure to be some very red faces at Tesco HQ today, after it was revealed that Britain’s biggest supermarket accidentally paid one of its suppliers almost £1m for six bicyles. It was reported that Universal Cycles, which is owned by Mike Ashley’s company Sports Direct, has apparently paid back most of the... »
Credit Crunch Honeymoon?
Budget hotel chain Premier Inn seems to be taking advantage of the current credit crunch by offering a £58 ($96) honeymoon deal in an effort to tap into an underutilised leisure market. Premier Inn’s special offer, which is about $5,000 cheaper than the average honeymoon package, comes after the company–which usually caters to business travelers–found... »
ITV Sells Friends Reunited At Loss Of £150M
The leading UK independent television company ITV today announced the sale of the once high-flying website Friends Reunited for £25m in cash. The site, which ITV acquired for £175m in 2006 and has lost market share to the likes of Facebook, is being acquired by DC Thomson-owned Brightsolid, ... »
Business News
- First London. Now the rest of Britain? - Independent
- The business on...Alan Brown, Chief executive, Rentokil Initial - Independent
- Bradford & Bingley in profit - Independent
- On the run since 1993, Asil Nadir will finally face trial for £34m theft - Independent
- BA takes £250m hit from ash and strikes - Independent
- TalkTalk to launch its own-brand mobile services after deal with Vodafone - Independent