sainsbury039s-sees-retail-sales-fall-1.1-over-christmas

Sainsbury's sees retail sales fall 1.1% over Christmas

Image copyright Sainsbury's Sainsbury's has seen sales fall over Christmas after general merchandise trading was hit by consumer caution.Like-for-like retail sales, which exclude sales from new stores, fell by 1.1% across the Christmas period.General merchandise sales, including at Sainsbury's-owned Argos, fell by 2.3% and overall clothing sales by 0.2%.Chief executive Mike Coupe said: "Retail markets…
mothercare-woes-deepen-as-sales-slide

Mothercare woes deepen as sales slide

Image copyright Getty Images Mother and baby retailer Mothercare has blamed a "difficult consumer backdrop" for a fall in sales in the UK in its last quarter.Sales fell 11.4% and online sales dropped more, by 16.3%, the firm said.The business is in the throes of a UK store closure programme, with 36 currently in closing-down…
energy-suppliers-to-face-tighter-rules-says-ofgem

Energy suppliers to face tighter rules, says Ofgem

Image copyright Getty Images Energy regulator Ofgem is to tighten up the rules for new suppliers of gas and electricity after nine new entrants ceased trading.The latest to collapse was Economy Energy, which ceased trading on Tuesday. Ofgem is looking for a new supplier for its 235,000 customers.Mary Starks, Ofgem's executive director for consumers and…
heathrow-airport-drone-sighting-halts-departures

Heathrow airport: Drone sighting halts departures

Image copyright PA Departures at Heathrow were temporarily stopped after a drone was reported to have been sighted. Flights from the west London airport resumed about an hour after police said a drone had been seen. A Heathrow spokeswoman had said it was a "precautionary measure" to "prevent any threat to operational safety". It comes…
us-retail-giant-sears-seeks-liquidation-reports-say

US retail giant Sears seeks liquidation, reports say

Image copyright Getty Images Sears, the US department store chain that once dominated US shopping malls, is reported to be seeking liquidation.After failing to reach a deal with chairman Edward Lampert over a $4.4bn (£3.5bn) takeover, the retailer is now poised to ask a court for permission to liquidate.Sears Holdings - which also owns Kmart…
039impossible039-for-seaborne039s-brexit-port-to-be-ready-for-march

'Impossible' for Seaborne's Brexit port to be ready for March

Media playback is unsupported on your device Media captionOstend mayor Bart Tommelein says Ostend will not be ready by 29 MarchThe mayor of Ostend has told the BBC the Belgian port will not be ready for a new ferry line in time for Brexit.Bart Tommelein was asked about the UK government's award of a £13.8m…