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Sainsbury’s supermarket goes ’till-free’

Sainsbury’s supermarket goes ’till-free’

Image copyright Sainsbury’s Supermarket chain Sainsbury’s is trialling its first “till-free” store, in which shoppers do not need to queue for a staffed or self-service checkout. Instead, customers can scan goods with a smartphone and put them straight into a bag. When they have finished shopping, their payment is processed by the phone. One industry […]

Mike Ashley told to pay House of Fraser suppliers in full

Mike Ashley told to pay House of Fraser suppliers in full

Image copyright Getty Images Mike Ashley’s Sports Direct is facing calls to boost payments to out-of-pocket House of Fraser suppliers. Sports Direct bought the 59-store department store chain on Friday for £90m, just hours after it went into administration. Some suppliers expect to be paid almost nothing for what they are owed. But Philip Day, […]

Rail fares predicted to rise 3.5% next year

Rail fares predicted to rise 3.5% next year

Image copyright Reuters Millions of commuters are set to face a 3.5% rise in rail fares from January. The fare hike comes after a summer of chaos for many train customers, after a rail timetable overhaul saw scores of cancellations and delays. The exact increase will be announced on Wednesday when official inflation figures – […]

Tesla’s Elon Musk faces investor lawsuit

Tesla’s Elon Musk faces investor lawsuit

Image copyright Reuters Image caption Elon Musk has complained before about “negative propaganda” Elon Musk’s bombshell announcement that he is thinking of taking the electric car company Tesla private has landed him a lawsuit from unhappy investors. The American entrepreneur said on Tuesday that de-listing from the stock exchange could be the “best path forward” […]

UK economic growth picks up to 0.4%

UK economic growth picks up to 0.4%

Image copyright Getty Images The UK’s economy grew by 0.4% in the three months to June, boosted by construction and services, according to latest figures from the Office for National Statistics (ONS). That compares with a growth rate of 0.2% in the first quarter of the year. Following recent changes in the way the UK’s […]

House of Fraser names funding deadline

House of Fraser names funding deadline

Image copyright Getty Images Struggling department store chain House of Fraser has set a deadline of 20 August to secure fresh funding. The company is planning to close 31 of its 59 shops in January, but is also seeking fresh investment to survive. House of Fraser told the Luxembourg stock exchange that “discussions continue” with […]

Poundworld brand could be resurrected

Poundworld brand could be resurrected

The Poundworld brand could be resurrected on some High Streets. A deal has been agreed in principle for Irish retail family the Hendersons to buy the Poundworld brand and the leases on some of the stores of the collapsed discount retailer. However, the proposed deal will not save the jobs of any current Poundworld staff. […]

Apple removes ‘wrong apps’ in gambling purge

Apple removes ‘wrong apps’ in gambling purge

Image copyright Getty Images Image caption Apple has taken a tougher stance on gambling apps recently Apple has been accused of accidentally removing apps from the App Store in a crackdown on gambling content. Several developers complained via social media that their apps, which they said had nothing to do with gambling, were taken down. […]

Supply shortage could push rents up 15% says RICS

Supply shortage could push rents up 15% says RICS

Image copyright Getty Images Rents could rise 15% by 2023 as the supply of new rental properties dries up, according to a survey by the Royal Institution of Chartered Surveyors (RICS). It said small scale landlords are pulling out of the market. It blamed tax changes brought in last year which have made buy-to-let investments […]

Will the first Ikea in India succeed?

Will the first Ikea in India succeed?

Media captionThe BBC’s Yogita Limaye explains how Ikea plans to woo India Swedish furniture giant Ikea has opened its first store in India in the southern city of Hyderabad. With a growing middle class, India could be a big opportunity for the company, but it is also a market with many quirks. Ikea’s giant blue […]