Mulberry's Profit To Get A Handbagging

Luxury fashion brand Mulberry has warned its full-year profit will be below expectations. The company said pre-tax profit for the year ended March 31 is expected to be around £14m. The Somerset-based firm, famous for its high-end handbags, said new,...

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Barclays Chief Hints At Huge New Job Losses

By Mark Kleinman, City Editor The chief executive of Barclays effectively ruled out a full-scale retreat from investment banking on Thursday but warned that a shake-up of the group potentially costing thousands more jobs at the division would be...

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Sainsbury's Sultana Recall On Salmonella Fear

Sainsbury's is recalling 500g packs of its SO Organic Sultanas as a precuation after salmonella bacteria was detected in routine testing. The announcement was made by the Food Standards Agency (FSA), which advised shoppers who had purchased the packs...

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RBS 'Cleared' Of Ill-Treating Small Firms

A review ordered by the Royal Bank of Scotland has cleared the lender of fraud against small and medium-sized business customers. The bank commissioned an independent review by law firm Clifford Chance over claims RBS systematically set out to defraud...

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PayPal Warns Users Over Sharing Computers

Online payment firm PayPal has announced plans to prevent users from sharing their computers, smartphones and tablets with anyone else, even family members. On Tuesday, the company started sending registered users email alerts of upcoming amendments...

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Co-op Admits 'Disastrous Year' Amid £2.5bn Loss

The embattled Co-operative Group has confirmed a loss of £2.5bn for 2013, in what it described as a "disastrous year". The loss comes on the back of a £529m figure recorded in its 2012 results. Interim group chief executive Richard Pennycook said:...

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South West Hoping For Easter Tourism Boost

By Frazer Maude, Sky News Reporter The tourism industry in the South West of England is hoping a successful Easter weekend will prove a much needed boost. It has been estimated Devon alone has already suffered a £31m loss of trade this year because...

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House Price Increases Create 'Generation Rent'

By Siobhan Robbins, Sky News Reporter The booming housing market is causing a generation of young people to become increasingly pessimistic about their chances of getting on the property ladder, according to a new study. Halifax's 'Generation Rent'...

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The Week's Big Business Stories

Sky's Naomi Kerbel offers a round-up of what's been and what's coming up in the week's business news. : Monday April 21 It is Easter Monday and a bank holiday in the UK. The financial markets are closed. :: Tuesday April 22 The Chinese e-commerce...

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British Gas Bonus Claims To Be Investigated

Claims that British Gas workers have been paid large bonuses to inflate customer bills are to be investigated by the energy regulator, Ofgem. It comes after a former employee claimed the energy company encouraged its sales staff to sign up charities,...

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