Business

Majestic Wine to close stores and rebrand as Naked

[ad_1] Image copyright Majestic Wine Majestic Wine has announced plans to revamp its business by closing stores and concentrating on its online Naked Wines division.The change will also see the company being renamed Naked Wines.More details of the store closures - and any job losses - will be given in June along with its full-year results.Naked Wines was founded by entrepreneur Rowan Gormley in 2008. It was bought by Majestic
Business

Asia stocks: Markets sink as global growth jitters spread

[ad_1] Image copyright Getty Images Asian stocks sank on Monday amid growing concerns of a slowdown in the global economy.Investors dumped stocks in favour of safer bonds, driving Japan's Nikkei index down more than 3%.The losses in Asia tracked a global stock sell-off on Friday, fuelled by downbeat data and a cautious Federal Reserve.Unusual moves in the US bond market have also raised concerns about a possible US recession.Japan's benchmark
Business

‘Muslims don’t date, we marry’

[ad_1] Image copyright Muzmatch Image caption Shahzad Younas came up with the idea for Muzmatch while working in the banking sector The BBC's weekly The Boss series profiles different business leaders from around the world. This week we speak to Shahzad Younas, founder and chief executive of Muslim dating website and app Muzmatch.When Shahzad Younas took to the stage he was very nervous.It was two years ago, and the then
Business

Invoice scams hit 40% of firms, says report

[ad_1] Image copyright Getty Images More than four in 10 businesses in the UK are unaware of the risks posed by invoice fraud, according to a survey by banking trade body UK Finance.That is despite such scams costing firms almost £93m in 2018, it says.Scams take place when fraudsters trick firms into transferring money by posing as legitimate payees. There were 3,280 invoice and bank mandate scam cases involving businesses
Business

Ex-Autonomy boss Mike Lynch denies new US charges

[ad_1] Image caption Mike Lynch denies the charges against him UK entrepreneur Mike Lynch has denied new criminal charges against him, ahead of a court case in London on Monday over the sale of his firm Autonomy.The civil case in London is over the £8.4bn sale of the software firm to Hewlett-Packard (HP) in 2011.On Friday US prosecutors added three new criminal charges to their indictment against Mr Lynch. He
Business

First and second class stamp prices rise

[ad_1] Image copyright Reuters A 3p rise on the cost of first and second class stamps has now taken effect, following a Royal Mail apology.The change takes the cost of a first-class stamp to 70p and a second-class stamp to 61p.The price increases are the highest for the two stamps together since 2012, but card and letter writing has fallen in popularity.Royal Mail earlier apologised for breaking a price cap
Business

Richard Branson calls for new Brexit vote

[ad_1] Image copyright Getty Images Sir Richard Branson says, despite a delay to Brexit, the UK is "dangerously close to full scale disaster".He also criticised Prime Minister Theresa May for "no longer acting in the national interest" and putting party before country.In a blog post on the Virgin website, the businessman also claimed many who voted leave had changed their minds.Sir Richard, who no longer lives in the UK, also
Business

The Disney-Fox giant in six charts

[ad_1] Image copyright Getty Images Disney is now the official owner of Rupert Murdoch's former entertainment empire, 21st-First Century Fox.The mammoth $71bn deal - completed on Wednesday - brings the likes of X-Men, The Simpsons and Fantastic Four characters to Disney's already impressive film catalogue which includes Star Wars and Cinderella.Disney now also owns the Fox film and TV studios, National Geographic and Indian TV giant Star India.Ultimately, its aim