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River Island allowed to shut shops to stave off collapse
Posted onRachel Clun Business reporter, BBC News Getty Images River Island has been given the green light to close 33 stores across the UK after the High Court approved the fashion retailer’s restructuring plans. The High Street brand said a customer shift towards online shopping and higher operating costs had contributed to multi-million pound losses. It…
Harrods: Hackers contact firm after 430,000 customer records stolen
Posted onRachel ClunBusiness Reporter Reuters Luxury department store Harrods has been contacted by hackers after data relating to 430,000 customer records was stolen in an IT breach. Harrods said it would not engage with the “threat actor” and added the affected data, taken from a third-party provider, was limited to basic information and did not include…
Royal Mail fined £21m by Ofcom for missing delivery targets
Posted onEmer MoreauBusiness reporter Getty Images A quarter of all first-class post was delivered late last year Royal Mail has been fined £21m after almost a quarter of first-class post arrived late, Ofcom has announced. It is the third-largest fine the communications watchdog has ever issued and follows its investigation after Royal Mail missed its targets…
Hull taster tests 32 plates of peas a day and eats more for tea
Posted onMichelle Lawrie samples about 32 plates of peas a day – and then has more for tea. Ms Lawrie works as a quality manager at frozen food company Birds Eye at the firm’s processing factory in Hull. She checks the condition of the harvested produce and says the long spell of warm, dry weather has…
UK stock market hit by nerves over US banks
Posted onBen KingBusiness reporter Getty Images The UK’s stock market has fallen after a warning from two US banks triggered a sell-off in banking shares. Two US regional lenders, Western Alliance Bank and Zions Bank, said on Thursday that they had been hit by either bad or fraudulent loans, sparking fears of problems in the banking…
