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90048605 - northampton, uk - oct 26, 2017: view of dfs sofa experts logo in nene valley retail park.

DFS snaps up assets of failed rival Multiyork for just £1.2 million

DFS Furniture has bought store leases and other assets from failed rival, Multiyork. Multiyork, based in Thetford Norfolk, had 50 stores and went into administration in late November blaming difficult trading conditions. In a deal worth £1.2m, DFS is buying eight store leases, the Multiyork trademark, product designs and marketing databases. Staff working at the […]

64839681 - hands holding cardboard on bokeh background with text: the gig economy

The top five advantages and disadvantages of gig economy workers revealed

Today more than 25 per cent of SME businesses warmly welcome so-called gig economy relationships, employing at least one worker on a zero-hours contract, according to the Zurich SME Risk Index. Profitability A clear advantage was profitability for businesses – 70 per cent of employers who used these workers reported that they were important to […]

Ladbrokes and Coral merger

Ladbrokes Coral to be purchased by online rival GVC

Gambling giant Ladbrokes Coral has agreed to be bought by online rival GVC in a deal worth up to £4bn. Under the deal, shareholders in GVC – which owns the Bwin, Sportingbet and Foxy Bingo brands – will hold 53.5% of the combined group. Ladbrokes Coral became the UK’s biggest High Street bookmaker following last […]

Shell

Shell enters the UK household energy market with acquisition of first utility

Shell has agreed to buy the energy supplier First Utility, giving the oil giant its first foothold in the UK’s household energy market. First Utility is the biggest energy supplier in the UK outside the so-called “big six”. The company supplies 825,000 homes with gas, electricity or broadband. Shell is already active in the wholesale […]

27694069 - kennesaw, ga - march 21, 2014  sign at toys r us location in kennesaw, ga, on march 21, 2014  the retailer announced cuts of 200 jobs at corporate headquarters and plans to close stores nationally

Toys R Us staves off collapse after rescue talks save thousands of jobs

Toys R Us has staved off collapse after creditors backed a rescue plan for the UK retailer. It follows last-minute negotiations with the Pension Protection Fund (PPF) to secure a £9.8m injection into the company’s pension fund. However, the rescue plan entails closing 26 of its 105 UK outlets, putting 800 jobs at risk, although […]

43260446 - varna, bulgaria - may 25, 2015: uber application startup page on the apple iphone 5s display in female hand. blurred street view with car and flare sun light on the background.

Uber drivers working excessive hours are a danger to public safety says union

Uber drivers work “excessive hours”, making the taxi app service a danger to public safety, a union has warned. The GMB Union told Westminster Magistrates’ Court it had evidence that Uber “encourages and incentivises” its drivers to work long hours. The hearing will determine whether the union can take part in the taxi app’s battle […]