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Tag Archives: new business ideas

Gucci sales star at luxury firm Kering

Kering, owner of luxury fashion labels Gucci and Yves Saint Laurent, expects a “record” year, amid strong sales growth, especially in China and western Europe.The French firm’s revenue hit €3.9bn (£3.5bn) in the three months to the end of September, up 23%.Kering said the rising euro hurt its bottom …

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London airports to reach hit full capacity by 2034

London’s airports will hit full capacity six years sooner than expected, new government figures say.Without expansion, the five airports will be full by 2034 because of higher demand for flights, according to the Department for Transport (DfT).It made the estimate as it extended the consultation period for expansion at …

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McDonald's serves up surging sales and profits

McDonald’s has reported better than expected sales in the third quarter as it pushes back against competitors such as Chipotle and Burger King.The fast food giant’s revenues fell 10% to $5.75bn in the three months to September after selling Asian restaurants.However, US sales jumped 4.1% and global sales rose …

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Saudis plan to build $500bn mega city and business zone

Saudi Arabia has unveiled plans to build a new city and business zone – a project that will be backed up by more than $500bn (£381bn) in investment.Crown Prince Mohammed bin Salman says the 26,500 sq km (10,232 sq mile) NEOM zone will be developed in the north-west, extending …

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BrightHouse rent-to-own firm pays £14.8m in redress

Rent-to-own retailer BrightHouse has been told to pay £14.8m to 249,000 customers by the financial regulator, the Financial Conduct Authority (FCA).BrightHouse will compensate customers who had cancelled agreements after one downpayment but had not been refunded.It will also make payments to those who signed up to lending agreements that …

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Premier League TV rights: Clubs abandon plans for distribution of overseas money

Proposals to end the equal distribution of overseas television money have been abandoned after Premier League clubs failed to reach an agreement.The six richest clubs – Manchester City, Manchester United, Tottenham, Arsenal, Liverpool and Chelsea – wanted their appeal reflected in their income.A plan suggested 35% of revenue from …

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Sears stops selling Whirlpool appliances

Sears, the US department store chain, will stop selling most Whirlpool appliances following a dispute over pricing.The move ends a sales partnership that started more than a century ago.Sears Holdings, which also owns Kmart, said it could not agree new terms on pricing with the world’s biggest whitegoods manufacturer.The …

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Sexism was pervasive in finance, says Virgin Money boss

Media playback is unsupported on your device Virgin Money chief executive Jayne-Anne Gadhia has told MPs about the “very male culture” in financial services where sexism was “pervasive”.Ms Gadhia spoke of one example from her time at Royal Bank of Scotland when a colleague was very upset because she …

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Consumers warned as credit card rates hit 10-year high

Interest rates on credit cards are at their highest for at least 10 years, according to the website Moneyfacts, despite low base rates.The average rate on credit cards, including store cards and so-called “credit repair” cards, is 23% a year.Consumers are being warned not to rely on interest-free introductory …

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Lonely Planet tells the world to visit cheap Britain

The weak pound has made the UK one of the world’s best-value travel destinations, according to publisher Lonely Planet.Sterling has fallen sharply against the dollar and the euro since last year after ongoing Brexit uncertainty.Lonely Planet, which is owned by US firm NC2 Media, is urging tourists to “reap …

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