Business

Monsoon seeks rent cut in ‘difficult’ trading

Monsoon Accessorize is calling on landlords to approve rent reductions on some of its 258 leased stores as part of a restructuring of the troubled High Street chain. The two chains operate under separate names and are asking for rent cuts on 135 stores after a period of “difficult” trading. To win support from landlords, […]

Business

Dixons Carphone shares plunge on mobile phone woes

Image copyright Getty Images Shares in Dixons Carphone have plunged after it reported a full-year loss and said its mobile phone arm would make a “significant loss” this year. The retailer lost £259m in the year to 27 April, compared with a pre-tax profit of £289m last year. In December, the retailer wrote down the […]

Business

Gulf of Oman tanker blasts: Crews rescued safely

Media playback is unsupported on your device Media captionIranian TV footage shows a burning tanker Dozens of crew members have been rescued after abandoning two commercial oil tankers hit by explosions in the Gulf of Oman. Iran said it had rescued the 21 crew members on board the Japanese-owned Kokuka Courageous and the 23 on […]

Business

Telegram boss links cyber attack during HK protests to China

Image copyright Manuel Blondeau – CorbisImage caption Pavel Durov founded Telegram in 2013 Telegram’s founder Pavel Durov has said a massive cyber attack on his messaging service originated from China. On Wednesday, the firm confirmed it suffered a “powerful” Distributed Denial of Service attack which disrupted services for about an hour. In a DDos attack, […]

Business

Huawei: UK warned over sending ‘bad signal’ to China

China’s ambassador to the UK has warned that excluding Huawei from Britain’s 5G network “sends a very bad signal”. Speaking to BBC’s Newsnight, Liu Xiaoming said Chinese businesses planning to invest in Britain may be put off dealing with the UK if Huawei’s equipment is not used for the network. It comes after Britain’s mobile […]

Business

Trump delays tariffs on car imports

Image copyright Getty Images US President Donald Trump has delayed a decision on whether to impose tariffs on imports of cars and car parts. The White House has put back the decision by six months to allow more time for trade talks with the European Union and Japan. Tariffs of up to 25% on imported […]

Business

‘Booth babes’ cause controversy at business show

Image copyright VLSAImage caption The VLSA stand at Business Show 2019 Whether it’s effective, inappropriate or both, some firms still use women in skimpy dresses to market their wares. Visitors to this week’s Business Show 2019 have expressed surprise and dismay that an exhibitor used “booth babes” to attract attention to their stand. The event […]

Business

EasyJet chief defends Champions League final flight costs

Image copyright Reuters EasyJet’s chief executive, Johan Lundgren, has defended his airline’s high ticket prices to fly to Madrid for the Champions League final between Tottenham and Liverpool on 1 June. Football fans complained to BBC Radio 5 live that flights around that date cost £1,000 instead of £250 normally. But Mr Lundgren said the […]