Author Archives: Michel Cooper

Debenhams denies cash crunch problem

15 July 2018 Image copyright Getty Images Debenhams has said its cash position is “healthy” after reports some insurers have reduced cover for its suppliers. The Sunday Times said the retailer was facing “a cash crunch” because some credit insurers had tightened their terms for Debenhams suppliers. The department store said its relationship with credit insurers was “constructive” and all ...

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Farnborough Airshow: Brexit and bulging order books dominate

Farnborough Airshow: Brexit and bulging order books dominate By Theo Leggett Business correspondent, BBC News 15 July 2018 Related Topics Farnborough Airshow Image copyright Getty Images Image caption US-made F-35B fighter jets will be jointly operated by the Royal Navy and RAF. The weather forecast may be warm and sunny, but there is still likely to be a cloud hanging ...

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What does it take to be a billionaire?

13 July 2018 Image copyright Reuters Image caption Forbes estimated Kylie Jenner’s net worth at nearly $1bn, based largely on its $800m valuation of her cosmetics firm Forbes caused a stir this week when it reported that social media star Kylie Jenner had a self-made fortune worth nearly $1bn. It’s a distinction very few can claim. There were only about ...

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The battle for Sky: Five reasons why it matters

The battle for Sky: Five reasons why it matters By Tom Espiner Business reporter, BBC News 13 July 2018 Related Topics Sky takeover Image copyright HBO Image caption Game of Thrones draws big audiences for Sky Powerful media firms with deep pockets are lining up to try to buy Sky. The Rupert Murdoch-controlled 21st Century Fox is in a bidding ...

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US lifts order against China's ZTE

13 July 2018 Image copyright Getty Images The US has lifted an order that blocked Chinese tech giant ZTE from doing business with US companies, forcing the firm to halt major operations. US President Donald Trump had intervened to end the ban, which was imposed in April and tied to ZTE violations of US sanctions against Iran and North Korea. ...

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Papa John's logo to change after founder uses N-word

Papa John’s logo to change after founder uses N-word 13 July 2018 Image copyright Getty Images Image caption Mr Schnatter will no longer appear on Papa John’s pizza boxes and other marketing material Papa John’s founder John Schnatter will be removed from the pizza chain’s branding after his use of the N-word forced his exit from the company. Mr Schnatter, ...

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Heatwave threatens to cause shortage of peas

Heatwave threatens to cause shortage of peas By Rebecca Marston Business reporter, BBC News 13 July 2018 Related Topics UK heatwave Image copyright Yorkshire peas Image caption There aren’t as many of these little green things as there normally are at this time of year UK pea growers are warning of shortages in supplies following the recent hot weather. Growers ...

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Poundworld to close another 80 stores

13 July 2018 comments Image copyright PA Another 80 Poundworld stores will be closed, resulting in 1,024 job losses, the company’s administrators have said. The latest announcement means that 105 of the company’s 335 stores are now earmarked for closure. Poundworld went into administration last month after failing to cope with rising costs, fewer shoppers and greater competition. The company’s ...

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How Build-A-Bear fell into its own trap

By Kevin Peachey Personal finance reporter 13 July 2018 comments Image copyright PA Build-A-Bear’s pay your age promotion – which led to long queues and chaotic scenes on Thursday – was a “good idea, poorly executed”, experts have said. The chain was offering UK and US customers a chance to buy any bear, which can cost up to £52, for ...

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Johnson & Johnson to pay $4.7bn damages in talc cancer case

Johnson & Johnson to pay $4.7bn damages in talc cancer case 13 July 2018 comments Image copyright Getty Images Image caption Johnson & Johnson says the safety of its talcum powder is supported by decades of scientific evidence Johnson & Johnson has been ordered to pay $4.7bn (£3.6bn) in damages to 22 women who alleged that its talc products caused ...

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