business

  • 'It's disheartening': Why it's time to take Black-owned business seriously

    Entrepreneur Darren Monioro has a plan to change attitudes

  • 'I couldn't take it any more': The bullied teen who turned the tables

    Forced out of school by bullies before his GCSEs, Ollie Hodgson launched an events company - and now, at 17, he's winning at life

  • Peanut allergy vaccine takes big step forward with first human tests

    The world is one step closer to a vaccine against peanut allergy after UK biotech Allergy Therapeutics announced plans to test its jab in human clinical trials. The company, which was spun out Glaxo, the precursor to GSK, in 1999, has been testing the treatment in mice, with promising results. “We made all the mice allergic to peanuts and separated them into two groups,” Manuel Llobet, chief executive, explained. “In the placebo group unfortunately for the mice they all had severe anaphylaxis and just slumped and some died. But the treated ones were just playing, running around on their exercise wheels, totally happy.” The result was so pivotal that it was published in the Journal of Allergy and Clinical Immunology, the top medical journal in the field. When the trials begin, they will be the first of their kind in the world. “There is absolutely nothing like this,” Mr Llobet said. “It is going to be revolutionary if we can replicate this in humans.”

  • School bans kids from entering food shops on the way home

    Police have been called after a school banned pupils from entering food shops on the way home - even placing teachers like ''bouncers'' outside a local chippy. Children in Cotham area of Bristol have been told they can't

  • Predictions on the best Marks & Spencer Black Friday and Cyber Monday deals for 2019

    As we prepare for Black Friday 2019, what are the potential deals and discounts on offer from high street giant Marks & Spencer? We did some digging to find out what could be in store...

  • Asos plunges again after warehouse crisis worsens

    Shares in Asos plunged by a quarter on Thursday after the out-of-fashion retailer issued its third profit warning in just eight months.The online operator is dealing with chaos at its warehouses and is in the midst of an IT overhaul.Chief executive Nick Beighton admitted: “Embedding the change from the major overhaul of infrastructure and technology in our US and European warehouses has taken longer than we had anticipated, impacting our stock availability, sales and cost base in these regions.”Profits for the year will be no more than £35 million, compared with £102 million last time. The City was expecting profits of £55 million until now.Beighton says the warehouses transition is more expensive than thought, but insists this is a “short-term” problem.The shares tumbled 25% at first, but recovered some ground. They were off 14% at 2365p, which leaves Asos valued at £1.95 billion. That’s £600 million less than upstart rival Boohoo, which has grabbed market share.Beighton added: “We are clear on the root causes of the operational challenges we have had, are making progress on resolving them, and now expect to complete these projects by the end of September.”Asos’s status as a stock-market darling was already dented by profit warnings in December and March.City analysts are watching it closely for signs that the strife on the high street is transferring to online retailers as consumers tighten spending. Nicholas Hyett at Hargreaves Lansdown, said: “Asos can be a bit of a Cinderella stock, struggling against the odds and still making it to the ball in the end. “Growing pains have been a consistent problem at Asos over some years and this quarter is no exception. Not having stock available is a massive faux pas for a retailer and the cost of resolving the problems will eat into profits.”

  • The world's top 10 airports have been revealed

    How many of these airports have you visited?

  • Will robots replace manicurists? 'Never say never' says AI professor

    Professor Julian Birkinshaw from the London Business School explains the kinds of jobs that are most at risk of automation.

  • Burberry warns of 'tens of millions' hit risk from no-deal Brexit

    Burberry on Wednesday sounded the alarm over a no-deal Brexit, with Britain’s largest luxury goods firm warning it will be “complex” and could cost it tens of millions of pounds. The FTSE 100 fashion designer, which has so far kept its cards close to its chest on Brexit, today used its third-quarter update as an opportunity to outline how it could be affected after March. The firm, which transports a number of finished goods and samples between Britain and the Continent, is trying to take actions to ensure continuity, including increasing some inventory levels.

  • L'Oreal rejuvenated by skincare craze

    L'Oreal put its best face forward this week as it reported shining third quarter results, demonstrating the beauty giant is capitalising on the global skincare craze.

  • Deciem founder attacks porn star mockery as he closes skincare business

    Skincare brand Deciem’s London staff appeared to be left in limbo after the Canadian firm’s founder announced all stores would shut in a shocking Instagram video. London-born Brandon Truaxe, 40, posted a video saying: “This is the final post of Deciem. Deciem has four stores in London and posted UK sales of £12.3 million last year.

  • Durex recalls condoms sold in UK and Ireland over concerns they may burst

    Durex has issued a recall of various condom brands over concerns they may burst. The company, owned by FTSE 100-listed Reckitt Benckiser, has recalled specific batches of non-latex Durex Real Feel & Durex Latex Free condoms sold in the UK and Ireland. Durex said: “The safety of our consumers always comes first, and this is reflected in our rigorous quality standards. We recently found that a limited number of the above condoms made earlier this year are not passing our stringent shelf-life durability tests. ...

  • How this woman became the queen of Jamaican black castor oil

    Lois Hines, co-founder of Tropic Isle Living, has played a significant role in helping Jamaican black castor oil gain the international recognition it deserves.

  • Paris Hilton on building her business empire: 'I wouldn't get this far in life being a dumb blonde'

    "Being in this industry for so many years, you build a character and can kind of hide behind that shield," said Paris Hilton.

  • Debenhams best Cyber Monday deals 2017

    Debenhams best Cyber Monday deals 2017

  • Christopher Bailey: Burberry creative director and former CEO to leave in 2018

    The chief creative officer and former chief executive of Burberry, Christopher Bailey, is leaving the company at the end of March next year, the British fashion house has announced. Mr Bailey, who joined Burberry in 2001 and became CEO and chief creative officer in May 2014, ushered the retailer through a period of significant transition during his leadership. "Burberry has undergone an incredible transformation since 2001 and Christopher has been instrumental to the company's success in that period,” said Mr Gobbetti.

  • Mum sets up women-only taxi company

    "There are also a lot of women drivers who work at Uber - they would definitely be welcome here."

  • Startup wants to give older people young blood transfusions

    One US based start-up wants to give older people young blood transfusions. San Francisco based 'Ambrosia' will run a controversial trial showcasing the 'advantage' of young blood transfusions. See also: Man claims poppy

  • Primark recalls men’s flip flops over fears they could contain cancer-causing chemicals

    Low-cost fashion chain Primark is urgently recalling thousands of pairs of men’s flip flops, concerned that they contain a chemical that could cause cancer. The chain, which is owned by Associated British Foods, is reportedly recalling three versions of the shoes in the Cedar Wood State range which were on sale until 2 June. Several media outlets reported that the black, blue and khaki-coloured versions of the flip flops are affected by the recall, on the basis that they might contain dangerous levels of a chemical called chrysene, which can cause cancer.

  • The billionaire couple you've never heard of

    They're the eighth richest couple in Britain, with more money than the Beckhams - but the chances are you'd never recognise them in the street. According to the Sunday Times Rich List, Douglas and Dame Mary Perkins saw their wealth rise

  • Scamwatch: spoof email threat

    Stay one step ahead of the fraudsters with our series of articles giving you the lowdown on the scams they use to trick people out of their hard-earned cash - and how to avoid being taken in by them. This week, how to avoid being taken in by

  • Caffe Nero pays no tax on £25.5m profit

    Coffee shop chain Caffe Nero paid no corporation tax in the UK last year - despite making £25.5 million profit. The company, which has more than 600 branches in the UK, might have been expected to face a bill of £5.1 million. However, it's

  • Could a rise in adult adoptions boost the UK economy?

    In Japan, only a small fraction of adoptions are of children, because the vast majority are fully grown men. It sounds like a bizarre idea, but it's actually a clever solution to a problem we suffer from in the UK too. In the UK, we have

  • Scamwatch: fake ransomware attacks

    Stay one step ahead of the fraudsters with our series of articles giving you the lowdown on the scams they use to trick people out of their hard-earned cash - and how to avoid being taken in by them. This week, we warn companies to be wary of

  • Can tea, jam and beer save the British economy?

    The world is said to be clamouring for British food and drink. As part of the government's post-Brexit strategy, Andrea Leadsom has launched the somewhat self-importantly titled 'International Action Plan for Food and Drink'. The