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UK employers are gearing up to the start of the World Cup in South Africa by offering employees flexible working initiatives, so that they will get to see some of the matches without having to call in sick or skip work. Among the big names offering their employees that chance to see the matches is [...]

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Tesco’s chief executive, Sir Terry Leahy, was paid £5.22 million last year as the grocer announced its best ever profit performance in the 91-years since it was first established. Sir Terry received performance-related pay of £3.7 million on top of a salary of £1.4 million and benefits totaling £115,000. The pay was calculated to February [...]

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Grazia is one of the country’s few magazines to show an increase in readership. Figures published by the NRS reveal that the number of people buying the magazine rose to 565,000 compared to 511,000 reading the magazine a year ago. This is a growth in readership of ten per cent. Another winner in the women’s [...]

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Simon Fuller, former manager of the Spice Girls and creator of the Pop Idol format, has announced his intention to bid for the company which currently owns the rights to that format, CKX Inc. Fuller originally created the phenomenally popular Idol franchise, but the company which owned it was sold to CKX in 2005. Now [...]

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A recent survey has revealed that consumers may not yet be ready to put their faith in retailers and supermarkets when it comes to purchasing legal advice. As of next year, firms such as Virgin, Tesco and Marks & Spencer are going to be permitted to become part of the legal market, a move which [...]

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India is chasing Hong Kong as HSBC’s largest life insurance market. The bank predicts that India will soon be its largest business premium market in the Asia-Pacific region. Harpel Karlcut, chief executive of Canara HSBC Life Insurance, said that because of the size of India’s population, there was no reason why the country should not [...]

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Marks & Spencer’s chairman, Sir Stuart Rose, is worried about how proposed spending cuts by the coalition government will impact on sales this year. The concern about the budget and performance over the next year comes in spite of the fact that M&S published full-year profits of £632.5 million, a year on increase of five per [...]

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HSBC is one of around 20 European banks that have agreed to pay back investors outside of the US approximately $15.5 billion lost to Bernard Madoff’s Ponzi scheme. Javier Cremades, president of Cremades & Calvo-Sotelo, a Madrid based legal firm which has been pursuing complaints by investors in the Madoff scheme, confirmed that lenders in [...]

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A 33-year-old man was refused a bottle of wine by staff at Tesco’s because he could not prove his age, according to a report by the Daily Mail. Jason Wilde was attempting to purchase the bottle of Rosé along with £140 worth of shopping, when he was told by a member of staff at the [...]

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Members of BT’s main union, the Communication Workers Union (CWU), are furious at the news that the company’s chief executive, Ian Livingstone, is to receive a bonus this year in excess of £1 million. The figure is three times larger than £343,000 he received a year ago, and comes after BT has been forced to [...]

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