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WPP investors revolt over Sorrell scandal

WPP investors revolt over Sorrell scandal

Image copyright Getty Images Image caption WPP investors want more clarity about the departure of Sir Martin Sorrell WPP shareholders have challenged the firm’s board of directors amid anger over the way it handled the departure of founder, Sir Martin Sorrell. Almost a third of shareholders did not back the company’s pay and bonus scheme […]

Wetherspoon to stop selling champagne and prosecco

Wetherspoon to stop selling champagne and prosecco

Image copyright Getty Images Image caption Tim Martin campaigned for Brexit JD Wetherspoon plans to replace champagne and prosecco with non-European Union sparkling wines. Company founder Tim Martin, who campaigned for Brexit, said it was part of a transition away from products made in the EU. Wetherspoon sells two million bottles of sparkling wine each […]

Dixons Carphone admits huge data breach

Dixons Carphone admits huge data breach

Image copyright Dixons Carphone Image caption Dixons Carphone employs more than 42,000 people in eight countries Dixons Carphone has admitted a huge data breach involving 5.9 million payment cards and 1.2 million personal data records. It is investigating the hacking attempt, which began in July last year. Dixons Carphone said it had no evidence that […]

Rising fuel prices spur inflation in May

Rising fuel prices spur inflation in May

Image copyright Yui Mok/PA Inflation remained at 2.4% in May, according to the Office for National Statistics (ONS), after its fall was halted by a sharp rise in fuel costs. The ONS said that fuel prices increased by the biggest monthly amount since January 2011, rising by 3.8%. Mike Hardie, head of inflation at the […]

Poundworld could be rescued by founder from administration

Poundworld could be rescued by founder from administration

Image caption Poundworld founder Chris Edwards Poundworld’s founder has said he is considering buying back some of the discount retailer’s stores after it fell into administration on Monday. Christopher Edwards, 67, who sold the business in 2015 for £150m to TPG Capital, said the chain could be saved with fresh management. But he said no […]

Where should shops stock veggie burgers?

Where should shops stock veggie burgers?

Image copyright NAturli Later this month customers browsing Sainsbury’s chiller cabinets for something to pop on the BBQ may find themselves tempted by something new. Right alongside the fresh meat products the supermarket will be stocking a range of Danish vegan burgers. The supermarket boasts they even ooze “blood” – or beetroot juice at least. […]

WPP should come clean over Sorrell exit, Vince Cable says

WPP should come clean over Sorrell exit, Vince Cable says

Image copyright Getty Images Liberal Democrat leader Sir Vince Cable says new claims about Sir Martin Sorrell mean WPP must come clean over his exit from the advertising giant. It follows reports a WPP inquiry into Sir Martin – once Britain’s highest paid FTSE 100 chief executive – probed allegations involving a sex worker. Sir […]

Train firms skirt law on loss claims, says Which?

Train firms skirt law on loss claims, says Which?

Image copyright Greater Anglia Image caption Greater Anglia was one of the worst offenders, Which? said Some train companies are “thumbing their noses at passengers” by not paying out for costs incurred when services fail, says Which? Passengers are entitled to claim if the last train of the night is cancelled and they have to […]

Legal & General targets climate change laggards

Legal & General targets climate change laggards

Image copyright Getty Images Image caption Rosneft is a laggard on climate change, says LGIM Legal and General Investment Management (LGIM) has said it will take action against companies that are not addressing the risks of climate change. LGIM, one of the biggest investment funds in Europe, said it would exclude offending firms from its […]

Rolls-Royce refuses to confirm or deny 4,000 job cuts report

Rolls-Royce refuses to confirm or deny 4,000 job cuts report

Media captionRolls-Royce engineers in Derby include Great British Bake Off runner-up Andrew Smyth, shown here during a visit by Prince William Rolls-Royce has refused to confirm or deny claims that it is set to axe more than 4,000 jobs as part of efforts to cut costs and boost profits. The Sunday Times has reported that […]