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Carpetright shares crash on profit warning

Shares in floor coverings specialist Carpetright have plunged 40% after it warned that full-year profits would be much less than expected.It blamed the profit alert on a “sharp deterioration” in UK trade, with sales in the key post-Christmas period “significantly behind expectations”.Carpetright now expects profits to be between £2m …

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Coca-Cola pledges to recycle all packaging by 2030

Coca-Cola has announced a pledge to recycle a used bottle or can for every one the company sells by 2030.Calling it a “massive global ambition” the firm admitted its part in littering the environment and a responsibility to tackle the problem.The company, which markets 500 brands of fizzy drink, …

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UK retail sales slide in tough December

UK retail sales fell by 1.5% in December compared with November, the biggest monthly fall since the EU referendum, official figures show.The Office for National Statistics (ONS) said many shoppers had shifted spending to November to take advantage of Black Friday offers.It comes as Carpetright and clothing chain Bonmarche …

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Funeral price war takes its toll on Dignity

We’re so sorry for your loss. That is how Dignity, the UK’s biggest quoted funerals provider, is addressing its investors after a profits warning that has caused the share price to halve. Dignity, which operates from 792 locations and which in 2017 conducted 68,800 funerals, is the UK’s second …

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Zambia's traders protest at anti-cholera measures

Following Zambia’s cholera outbreak last year, the government has moved to clear street markets in a bid to curb the spread of the disease. But many street traders say their livelihoods are suffering and have been protesting at the authorities’ actions. From Zambia’s capital, Lusaka, Kennedy Gondwe reports. Source: …

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'Poor' British Steel pensions advice reviewed by police

Reports Port Talbot steelworkers have been given poor pensions advice are being looked into by police.Tata Steel employees have claimed they have been mis-sold advice about moving from the British Steel Pension Scheme after it was removed from the business.The Financial Conduct Authority is already investigating 17 firms over …

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Sky sources: Carillion had £2.6bn pension hole

Carillion, the bankrupt construction group, had financial liabilities worth about £5bn when it went bust this week, according to the most extreme calculation of its obligations to tens of thousands of pension scheme members. Sky News can reveal that private analysis of Carillion’s pension deficit on a Section 75 …

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