Tesco Set for £1bn US Retreat As Fresh & Easy CEO Tim Mason Steps Down
Tesco shares leap after launch of 'strategic review' of loss-making Fresh & Easy retail chain.
Facebook Promoted Posts: Controversial Darkside or Marketing Strategy?
Earlier this year, Facebook launched its latest feature, promoted posts, which enables users to promote their status updates in return for a fee. Initially, this feature was solely meant for 'personal use' - ie: for users with less than 5,000 friends or subscribers.
Cyber Monday US Online Spending Expects to be the Highest Ever
Cyber Monday sales expect to cross previous records as online shoppers are lured by better discounts by e-commerce companies.
Spy Mannequins Monitor Shoppers' Buying Habits
Italian manufacturer Almax says EyeSee dummies will create more effective marketing but critics warn of Big Brother on the shop floor.
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EasyJet Doubles Dividend as Profits Jump 28%
Briton's second largest discount airline easyJet has reported a jump in profits, helped by a surge in summer bookings and focus on the business-clients
Comet Axes Further 735 Jobs
Comet has so far announced more than 1000 job cuts at its head office, support functions and across its home delivery networks.
Ocado Shares Surge On Fresh Capital Injection
Ocado Group shares gain more than 20% as it secures fresh capital to fund expansion.
UK Retail Vacancies Soar Amid Sector Weakness
Vacancy rate in the UK's high streets and shopping centres put at 11.3% in October.
Comet to Shut Down 41 Stores
Troubled retailer to close 41 in-stores by end of November if it cannot find a buyer for stores.
Home Depot Third Quarter Profit Up on US Housing Market Recovery
Home Depot also raises its full year forecast
EBay Joins Hands with Xiu.com to Launch Online Fashion Store in China
Ebay launches an online fashion store in partnership with Xiu.com in China in order to target the growing number of internet users in the country.
Starbucks, Google and Amazon to Face Legislators' Probe Over Tax Avoidance
Companies to face Public Accounts Committee over payment of lower taxes.
Comet Administrators Announce 330 Job Cuts at Failed Retailer
Comet cuts jobs at Rickmansworth head office and support centres in Hull and Clevedon.
Jersey Pledges to Examine HSBC Procedures
Jersey's Financial Services Commission to examine HSBC allegations.
Burberry's Half-Year Profit Down on One-Time Charge
The company reports a pre-tax profit of £111.9m, down from £158.7m a year ago primarily to due to a payment of £73.8m to end a fragrance and beauty licence relationship.
Amazon to Win EU e-Book Pricing War Against Apple
Apple and four publishers allow retailers to set prices for a period of two years and to suspend "most-favored nation" contracts for five years.
Suzuki Pulls Out of Car Business in US
American Suzuki Motor Corp, with $346 mn in debt, to file for bankruptcy.
Superstorm Sandy: Online Retailers Struggle to Reach Customers
Disruption of power and telecommunication systems due to superstorm Sandy affect the businesses of online retailers.
Home Retail Group Share Price up on FTSE 250 Following Half Year Results Suprise
Shares in Home Retail Group jumped on the FTSE 250 in morning trading after the Argos and Homebase owner reported a better than expected set of half year results.
BAT Share Price Down on FTSE 100 as Brazilian Black Market Hits Volumes
Shares in British American Tobacco were down on the FTSE 100 in morning trading after the cigarette maker reported a decline in volumes from subsidiaries in the nine months ended September 2012.
Whitbread Share Price Dips on FTSE 100 Despite Costa Expansion and Olympics Boost
Shares in Whitbread Plc, the owner of the Costa coffee chain, saw its shares decline on the FTSE 100 in afternoon trading despite the group reporting a rise in profits in the half year ended 30 August 2012.
Chinese Online Retailer 360buy Expands to West, takes on Amazon and eBay
China's largest online retailer 360buy launches its English website targeting US and European consumers.
Yahoo Posts Better Results Under New Boss Marissa Mayer
In Marissa Meyer's first quarter in charge, Yahoo's latest quarterly revenue increased to £680m, a rise of 2 percent year-on-year.
McDonald's Profits Fall on Slowing Global Economy and Rising Competition
US fast food chain's profits take a hit from competition and rising commodity prices.
India's Tata Group Makes Takeover Bid for Orient-Express Hotels
IHC, which already has a 7% stake in Orient-Express, bids for the remaining 93% at $12.63 per share.
Falling Chinese Demand Affects Coca-Cola Sales
Coca-Cola sales in China record fall of six percent year on year, raising concerns of slowdown in the world's second largest economy.
Starbucks in Hot Water for Not Paying UK Tax Since 2009
Starbucks made £398 million in sales last year yet paid noting in UK corporation tax.
Ferretti Ties Up with Chinese Bank to Boost Yacht Sales
Italian yacht maker Ferretti and Industrial and Commercial Bank of China sign deal to finance potential yacht buyers.
Burberry's Chinese Sales Drop as Demand Slows
Chinese sales impacted by slowing economy and upcoming change in Communist Party set-up.
Yum Brands' Profits Rise on Better Chinese Sales
Yum Brands, which owns KFC, Pizza Hut and Taco Bell, posts increase in profits, beating expectations.
Walmart to Enter India Within Two Years
European giants Tesco and Carrefour also expected to follow Walmart's decision to set up shop in India.
Universal-EMI Deal Gets Regulators' Approval
Under the deal, Universal will sell off labels including Parlophone, home to artists such as Pink Floyd and David Guetta.
HMV Reports Decline in Sales Due to Lack of New Releases
Few new releases in music, visual and games markets impact sales.
Adidas Slashes Reebok's Sales Forecast for 2015
Adidas scales down Reebok's sales target following a decision to not renew NFL licence and a change in reporting of NHL-related licence sales.
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