UK Business News

Consumer loan group Cattles is in all sorts of trouble after admitting today that it broke it’s banking covenants, prompting another profit warning, and has suspended another three key directors from it’s business after uncovering a breakdown in it’s internal controls.
Three key members of the board have been suspended following the allegations, this follows last [...]

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Leila Deen an environmental campaigner opposed to the expansion of Heathrow Airport, threw a cup of green custard over business secretary Peter Mandelson today as he arrived at a meeting to discuss low carbon issues.
An angry Mandelson stormed away to clean himself up before appearing in a more relaxed mood to face waiting reporters where [...]

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UK department store Debenhams look likely to purchase the Principles brand name and it’s stock of fashion wear following the collapse of Mosaic Fashions on Monday.
Principles was one of the companies trading within the Mosaic group and has had a long standing relationship with Debenhams.  The fashion company runs over 300 in store concessions many [...]

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Supermarket giant Sainsbury’s are set to develop the idea of incorporating a doctors surgery within up to 200 of it’s stores that have been identified as having the appropriate facilities and already have a pharmacy on site.
The company has been trialling the idea since last year in a Manchester store and see the move as [...]

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The world famous Waterford Wedgewood pottery manufacturing company, that became a victim of the credit crunch in January when it was put into administration, has been bought by the US private equity firm KPS Capital Partners.
The news is particularly disappointing for two of the Wedgewood family members, cousins Tom D Wedgewood and Tom R Wedgewood, [...]

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