Biba drives profit at House of Fraser
House of Fraser says a relaunched 1960s fashion label established itself as the biggest womenswear brand within the business just two weeks after it hit the rails.
The department store chain said Biba - an in-house brand launched on September 9 - helped drive a 10% increase in like-for-like sales in the seven weeks since July 31.
Counterfeiters in Olympics cash-in
Counterfeit traders have started trying to cash in on the 2012 Olympics.
Trading standards officers seized more than 1,000 fake London Olympics T-shirts and hats. The goods were found at a souvenir shop in Westminster, central London, and are the first of the kind to be spotted in the area.
Grocers fail to hit targets on waste
UK grocery retailers have failed to meet an environmental target to deliver an overall reduction in packaging waste, new figures show.
But householders have far exceeded a target to cut the amount of food they throw away by 155,000 tonnes, managing 270,000 fewer tonnes since 2008, the report by Wrap (Waste and Resources Action Programme) shows.
Home loan rules 'fatally flawed'
New rules for mortgage lending are "fatally flawed" and will lead to house price falls, a lending body said.
The Council of Mortgage Lenders (CML) warned that new regulations for the market being proposed by the Financial Services Authority (FSA) would create "mortgage prisoners" and lead to lower transaction levels. It added that years in which net mortgage lending was negative could also become the norm.
Biscuit firm staff vote for walkout
Workers at biscuit firm Tunnock's are to go ahead with a 24-hour strike today in a row over pay.
Unite said its members at the site in Uddingston, Lanarkshire, will walk out, with a further 24-hour stoppage planned next week. Workers decided at a mass meeting yesterday to press ahead with the action in protest at a 2% offer.