The Qatari owners of Harrods have banked a £117.6m dividend on the back of another year of brisk trade at the London department store.
The Serious Fraud Office has launched a formal criminal investigation into accounting practices at Tesco, which led to a £263m profit overstatement at the UK’s biggest retailer.
Britain’s economy lost some momentum in the past three months but growth remains relatively solid, according to the CBI. In the latest survey to suggest that struggles in the eurozone and geopolitical tensions are hurting exporters, the CBI said manufacturing was the weakest part of the economy in the three months to October.
Tesco has revealed that new chief executive Dave Lewis received a golden hello worth more than £4m when he agreed to join the crisis-hit supermarket giant.
First he ordered managers back to the shop floor so they could “reconnect” with customers.
Marks & Spencer is building the UK’s largest array of rooftop solar panels on its distribution centre in Castle Donington.
Asda is facing mass legal action from thousands of female employees who claim they are paid less than men to do equally valuable jobs at the supermarket chain.
Two directors of Hilco, the restructuring firm which owns HMV, shared a £1.4m payout last year after rescuing the entertainment store from administration.
Britain’s private sector employers plan to restrict pay awards to 2% over the next year, according to a report that casts doubt on forecasts that a six-year decline in living standards is about to end.
Tesco is poised publish the details of its new chief executive’s multimillion-pound golden hello.