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Business

Opcapita to receive £117 million from Comet collapse

Published on October 14th, 2013 | by The GC Team

Almost £117 million is to be returned to OpCapita and its backers from the collapse of electrical retailer Comet, according to new documents. The Sunday Telegraph reported yesterday that accounts from Hailey Acquisitions Limited (HAL), the ... Read More


Industry News

Modest sales growth for John Lewis

Published on October 14th, 2013 | by The GC Team

A second week of unseasonably warm weather affected sales at John Lewis in the week to 5 October, but the department store chain recorded a modest increase on the prior year with revenues up 2.8%. The ... Read More


Business

Fifth consecutive month of shop price deflation

Published on October 9th, 2013 | by The GC Team

Overall shop prices recorded annual deflation for the fifth consecutive month in September, slowing to 0.2% from the 0.5% decline reported in August. The BRC-Nielsen Shop Price Index showed that Food inflation rose to 2.9% in ... Read More


Business

Baumatic Ltd falls into administration

Published on October 9th, 2013 | by The GC Team

David Dunckley and Richard Lewis, partners at advisory services firm Grant Thornton, were yesterday appointed administrators to Reading-based white goods supplier Baumatic Ltd, which was established in the UK in 1992. Grant Thornton UK today said ... Read More


Business

Indesit’s Maurizio Pettorino appointed Chairman of AMDEA

Published on October 9th, 2013 | by The GC Team

Maurizio Pettorino, Managing Director of Indesit Company UK & Ireland, has been elected Chairman of the Association of Manufacturers of Domestic Appliances, following the retirement of outgoing Chairman John Morrissey. Pettorino, whose management background spans twenty ... Read More


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