Business

Asda sales rise on strong Christmas

Image copyright Getty Images Asda has reported rising sales in the final months of last year and said it had a strong Christmas trading period. It reported a 0.5% increase in like-for-like sales – the most closely watched measure of sales, which strips out the effect of new stores. The company said it was the […]

Business

HSBC profits jump to $17.2bn on Asia growth

Image copyright Getty Images HSBC has posted a pre-tax profit of $17.2bn (£12.3bn) in 2017, saying its focus on Asia was driving growth. The results represent a 141% jump on the $7.1bn profit of the previous year. But that comparison is flattering, given 2016 saw the bank incur a string of one-off costs including the […]

Business

Maplin in talks with potential buyers

Image copyright other One of Britain’s biggest electronics retailers is in talks with potential buyers amid reports it is seeking to head off the threat of administration. Maplin, which has more than 200 stores and 2,500 staff, hopes to strike a deal this week, the company said. News of a possible sale, first reported by […]

Business

Key gig economy case reaches Supreme Court

Image copyright PP A plumber’s legal battle for working rights will be closely watched by “gig economy” workers when it reaches the Supreme Court on Tuesday. Gary Smith, who worked for Pimlico Plumbers for six years, began his fight when he wanted to reduce his hours following a heart attack. Lower courts have ruled that […]

Business

Jamie Oliver closes flagship Barbecoa restaurant

Image copyright Barbecoa Image caption Barbecoa specialises in grilled meats Jamie Oliver’s two flagship London restaurants have gone into administration, although the celebrity chef immediately bought one back. His upmarket Barbecoa steak restaurant in London’s Piccadilly will close a year after it was re-launched. The other outlet, near St Paul’s Cathedral, has been saved after […]

Business

Cash Isa savings rates begin to tick up

Image copyright Getty Images Interest rates on cash Individual Savings Accounts (Isas) are beginning to rise, bringing a little relief for savers. Returns on average instant access Isas increased from 0.68% in December to 0.78% in February, according to the data provider Moneyfacts. For fixed-rate Isas of at least 18 months, rates went up from […]