Britains ailing Marks Spencer to cut jobs amid falling sales
London - Britains leading clothing and food retail chain Marks Spencer Wednesday unveiled its worst sales figures in almost a decade and said it planned to cut up to 1,230 jobs. MS said in London that sales in Britain tumbled by 7.1 per cent in t...

[ Published on : Wed, 07 Jan 2009 05:53 ]

British shoppers say good bye to Woolworths after 99 years
London - Shoppers in Britain were Thursday flocking to catch a bargain at the Woolworths retail chain faced with closure by the end of the year after administrators failed to find a buyer for the traditional High Street chain. More than 30,000 staff ...

[ Published on : Thu, 11 Dec 2008 07:33 ]

Waterford Wedgwood china cracks under financial strain - Summary
Dublin/London - Iconic china and crystal manufacturers Waterford Wedgwood Monday joined the growing list of high-profile corporate failures when it announced that its business in Ireland and Britain had been placed into administration. The Anglo-Iris...

[ Published on : Mon, 05 Jan 2009 11:52 ]

Opinion poll shows euros continued unpopularity in Britain
London - British opposition to adopting the euro remains strong despite the weakness of the pound that has brought near-parity between the two currencies, an opinion poll published Thursday showed. The ICM poll, conducted for BBC radio, showed that 1...

[ Published on : Thu, 01 Jan 2009 09:50 ]

Drop in Marks Spencer sales heralds 2009 retail misery - Summary
London - Leading clothing and food chain Marks Spencer Wednesday unveiled its worst sales figures in almost a decade in what analysts said was a key indicator of the deteriorating business climate in Britain. MS said that sales in Britain tumbled ...

[ Published on : Wed, 07 Jan 2009 11:54 ]

Brown unhappy about German attack on economy rescue plan - Summary
London - British Prime Minister Gordon Brown was Thursday said to be unhappy about a stinging attack by Germany on his economic policies at a time when he was pressing fellow European nations for more fiscal measures to soften the impact of the glo...

[ Published on : Thu, 11 Dec 2008 11:33 ]