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Mike Ashley wants tax on retailers with online sales of more than 20%

Mike Ashley wants tax on retailers with online sales of more than 20%

Mike Ashley, the founder and chief executive of Sports Direct, has called for a tax on retailers who book more than a fifth of sales online as he said many high streets were “already dead” and more would be killed off without government intervention....

Guardian, 3 December 2018
 

Life sciences firm Omega Diagnostics swings to H1 loss as ‘reshaping’ continues

Alva-based medical testing kit firm Omega Diagnostics remains optimistic despite swinging to a half-year loss and citing “not inconsequential” hurdles. The business, which is quoted on the Alternative Investment Market, saw shares slide on publication...

Scotsman, 3 December 2018
 
Mike Ashley calls for online tax to save the High Street

Mike Ashley calls for online tax to save the High Street

Mike Ashley has called for a new tax on revenues from online retailing to help revive ailing town centres. The Sports Direct owner told MPs that the "internet is killing the High Street". His answer is taxing all retailers that make more...

BBC, 3 December 2018
 

Mike Ashley: The saviour of the High Street?

Billionaire Mike Ashley, the founder of Sports Direct and owner of Newcastle United, is one of the most intriguing characters in British business and has often been a reluctant fixture in the headlines of the business and sports pages. His sprawling...

BBC, 3 December 2018
 
Global shares jump on US-China trade 'truce'

Global shares jump on US-China trade 'truce'

Global stock markets have jumped following the truce in the US-China trade war. US indexes rose about 1% on Monday, following gains in Europe and Asia. The increases come after the US and China said they had agreed to not increase tariffs for 90 days...

BBC, 3 December 2018
 
Ted Baker shares fall after 'forced hugging' complaints

Ted Baker shares fall after 'forced hugging' complaints

Shares in Ted Baker have hit a three-year low in London, after allegations of "forced hugging" around the fashion group's founder and boss Ray Kelvin. By Monday afternoon, shares in the firm, which issues a trading update on Thursday, were...

BBC, 3 December 2018
 
YouTube top earners: The seven-year-old making $22m

YouTube top earners: The seven-year-old making $22m

A seven-year-old boy who reviews toys has been revealed as YouTube's highest-earning star, raking in $22m (£17.3m). The estimate by Forbes magazine found that Ryan of Ryan ToysReview pipped Jake Paul by $500,000 for the 12 months to June. Videos are...

BBC, 3 December 2018
 
Ted Baker share price falls after 'forced hugging' allegations

Ted Baker share price falls after 'forced hugging' allegations

Ted Baker’s share price fell sharply on Monday as the company set up a committee of directors to consider the findings of an investigation into staff complaints about the behaviour of its founder, Ray Kelvin. Shares in Ted Baker sank nearly 13% in...

Guardian, 3 December 2018
 
China's Tencent Music set for $25bn listing in New York

China's Tencent Music set for $25bn listing in New York

China's Tencent Music has revived its plans to list in the US and raise up to $1.2bn (£940m). It would be one of the largest listings by a Chinese company on the New York Stock Exchange this year. The initial public offering, originally mooted in...

BBC, 3 December 2018
 

Priory Hotel moves to employee-ownership model

A Highland hotel has transitioned to employee ownership in an effort to secure the long-term future of the business. Ownership of The Priory Hotel in Beauly, near Inverness, has been transferred to 46 staff members as its founder prepares to retire...

Scotsman, 3 December 2018
 
ITV looks to lure new £3.5m Love Island sponsor

ITV looks to lure new £3.5m Love Island sponsor

ITV is hoping to attract a new multimillion-pound sponsor for Love Island when the next batch of romance-seeking millennials hit screens next summer. The most recent series of Love Island, won by Dani Dyer and Jack Fincham, proved to be TV gold,...

Guardian, 3 December 2018
 
An instructor on driving test bias: 'he was fine with white students...'

An instructor on driving test bias: 'he was fine with white students...'

A car horn sounds a short distance away. The driver pauses, looks around, momentarily distracted, and then tentatively reverses into the parking space. Ignition off. A moment’s pause while a form is filled. It’s good news. Her hands go up to her face...

Guardian, 3 December 2018
 
Beleaguered Crawshaws meat retailer stores sold in deal

Beleaguered Crawshaws meat retailer stores sold in deal

A struggling meat retailer business has been sold to a an entrepreneur for £1.4m, saving 240 jobs. Crawshaws had more than 50 stores in the Midlands and north of England. In October the firm said it did not have "sufficient cash resources"...

BBC, 3 December 2018
 

'Virtual restaurants' and vegan food tipped as top food trends for next year

Slimmed down menus, more vegan offerings and "virtual restaurants" run by delivery-only operators such as Deliveroo are among the trends tipped for the food scene in the coming year. The report by market research firm NPD said that British...

Scotsman, 3 December 2018
 

Goals Soccer Centres says US chairman to bow out

Five-a-side operator Goals Soccer Centres is set to part company with the director credited with accelerating its expansion in the US. The East Kilbride-based firm said that non-executive director Nick Basing planned to step down “to focus on his...

Scotsman, 3 December 2018
 


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