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Leon to close stores and cut jobs in restructure
Leon has announced it will close several of its restaurants and cut jobs as part of a major restructure of the High Street food chain. The company has appointed Quantuma as administrators after Leon’s original co-founder John Vincent reacquired the company last month from Asda. The move places the future of the worst performing of…
Spains commitment to renewable energy may be in doubt
Guy HedgecoeAragón, north-eastern Spain Juan Antonio Domínguez Spain gets more than half of its electricity from wind and solar On the edge of the sleepy town of Figueruelas, a single, vast wind turbine spins around, casting its shadow over the buildings nearby. It’s a reminder of the importance of renewable electricity in this windswept area…
Fuel profit margins still persistently high, says watchdog
Drivers could be paying more than they should for petrol and diesel after the UK’s competition watchdog said fuel profit margins remain at “persistently high levels” despite prices at the pump having fallen. The Competition and Markets Authority (CMA) also challenged retailers’ claims that this was a result of higher operating costs, and said competition…
Inside Ukraines kill zone
Even on a 30-minute drive from Russia’s positions in eastern Ukraine, being visible can be fatal. The buzz of rotors overhead is constant. Fibre-optic cables criss-cross cratered fields. Pick-up trucks are encased in prickly metal cages for protection. In cities such as Kherson, nets are strung across roads and hospitals in an attempt to tame…
Sixes: Social cricket-themed bar chain goes into administration
Michael RaceBusiness reporter BBC Sixes, the cricket-themed social chain backed by England captain Ben Stokes, has gone into administration following a “challenging trading period”. All of the company’s 15 UK-based venues remain open, but one branch in Southampton has closed following the decision, with three staff members losing their jobs. Administrators FRP Advisory said talks…
South West heating oil spikes put pressure on finances
The government said England would receive £27m of the funding, which would be be “targeted” to help low-income households in rural communities, and be distributed by local authorities via the Crisis and Resilience Fund (CRF), which comes into effect from 1 April.
