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Tag Archives: new business ideas

Steinhoff facing credit squeeze

Retail group Steinhoff has said its lenders are starting to withdraw or suspend credit following allegations of accounting irregularities.In a presentation to investors in London, the retailer added it was unable to say when the extent of alleged irregularities would be known.Steinhoff said forecasts for each of its companies …

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Toys R Us future in UK plunged into doubt over pension scheme

Toys R Us’s future in the UK has been plunged into doubt after the Pension Protection Fund (PPF) said it would vote against the company’s rescue plan.The retailer was told to put £9m into its struggling pension fund by the PPF in order for it to support the toy …

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Steel pensions: Decision deadline 'cannot be extended'

The deadline for British Steel pension members to decide on their future arrangements cannot be extended, the head of the scheme has said.The 122,000 members have until Friday to decide whether to stay in the current scheme. British Steel Pension Scheme (BSPS) trustee chairman Allan Johnston said delays could …

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Uber a danger to public safety, warns union

Uber drivers work “excessive hours”, making the taxi app service a danger to public safety, a union has warned.The GMB Union told Westminster Magistrates’ Court it had evidence that Uber “encourages and incentivises” its drivers to work long hours.The hearing will determine whether the union can take part in …

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New build nightmare

Media playback is unsupported on your device Gas leaks, damp, holes in the floor and cracks in the walls – for some, their new homes have become “uninhabitable” less than a year after moving in.”Slugs, worms, beetles, spiders – they have their own personal entrance and exit route into …

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Boeing and Bombardier set out defence in trade row

Boeing and Bombardier traded verbal blows on Monday over claims by the US planemaker that the Canadian company receives massive subsidies.The two sides appeared before the US International Trade Commission (ITC) in the latest round of their bitter row.Boeing accused Bombardier of harming sales of its 737 aircraft and …

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Sri Lanka appeals to Russia to lift temporary tea ban

Sri Lanka is making a special appeal to Russian President Vladimir Putin to remove a ban on Ceylon tea.Two ministers are leading a delegation to Moscow to request the suspension on Sri Lankan tea imports is lifted.Imports were halted last week after Russia found an insect known as the …

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