Business

Real Madrid regains top spot in world football rich list

[ad_1] Image copyright Getty Images Real Madrid has topped the table of the world's 20 richest football clubs, displacing Manchester United with record revenues of €750.9m (£674.6m).Man Utd slipped to third with Barcelona making it the first Spanish one-two since 2014-15, said Deloitte.Its Football Money League, based on season 2017-18, also shows the combined revenues of the top 20 clubs has risen 6% to €8.3bn (£7.4bn), a new record.There were
Business

I was made a scapegoat, says ex-Tesco director

[ad_1] Image copyright Reuters Image caption Carl Rogberg, here with wife Amanda, says the four-and-a-half-year ordeal took its toll on his health. Tesco's former UK finance director feels he was made a scapegoat for the retailer's accounting scandal that wiped £1bn off the company's value.Carl Rogberg, cleared on Wednesday of fraud and false accounting, claims there was never a black hole in Tesco's accounts. The case centres on revelations in
Business

DHL could profit from no-deal Brexit, says boss

[ad_1] Image copyright Getty Images Image caption Deutsche Post DHL's chief executive, Frank Appel, says the firm has prepared for Brexit The boss of the world's largest logistics firm says that his company could profit from a no-deal Brexit. Deutsche Post DHL's chief executive Frank Appel said in the long run Brexit would not benefit the UK or the EU.But he said the firm might profit in the short term
Business

DHL boss: ‘We might benefit in the short term but Brexit not a good idea’

[ad_1] The chief executive of Deutsche Post DHL has told the BBC that a no-deal Brexit is not a good idea in the long term, even if his company benefits in the short term.Speaking at the World Economic Forum in Davos, Frank Appel said people may have misinterpreted previous comments he had made and thought he was in favour of Brexit, but believes "we should not focus on short-term profits".See
Business

Prince Williams says celebrities shunned mental health charity

[ad_1] Image copyright EPA Prince William has said that every celebrity he asked to back his Heads Together mental health initiative three years ago refused.The Duke of Cambridge said "a lot" of people were approached, but no one wanted to be associated with mental illness. Speaking at the World Economic Forum, in Davos, he urged firms to help people open up on the issue.Heads Together was launched to help combat
Business

Barclays bosses ‘paid Qatar secret fees’

[ad_1] Image copyright Getty Images Image caption Former Barclays chief executive John Varley Senior Barclays bankers paid Qatar £322m in secret fees during the financial crisis in return for bailout funds, a court heard on Wednesday.The case against four former executives has been filed by the Serious Fraud Office over Barclays' £11.8bn rescue.The bank avoided a UK government bailout in 2008 by raising funds from Middle Eastern investors.The executives are
Business

Colman’s Mustard: New Honingham factory gets green light

[ad_1] Image caption Colman's Mustard could continue to be processed in Norfolk Plans for a new factory that would keep part of Colman's Mustard production in Norfolk have been approved.Broadland District Council gave the go-ahead after Colman's announced last year it was closing its Norwich site.The plant at Honingham, near Norwich, will grind mustard seeds into flour and process mint for Colman's before the ingredients are sent to the Midlands.However,
Business

John Lewis to shut Knight & Lee store in Southsea

[ad_1] Image copyright Basher Eyre Image caption The Knight & Lee store opened in Southsea in 1865 and was acquired by the John Lewis Partnership in 1933 John Lewis is to close its first store since 2006.The retailer said the 35,000 sq ft Knight & Lee outlet in Southsea in Hampshire was its smallest full-range department store and could not easily be modernised.John Lewis has previously acknowledged the "challenges" facing
Business

Santander to shut 140 branches

[ad_1] Image copyright NurPhoto / Getty Images Spanish-owned bank Santander is slashing its branch network by almost a fifth, putting 1,270 jobs at risk.The bank blamed the closures on "changes in how customers are choosing to carry out their banking".It said branch transactions have fallen 23% in the last three years, while digital transactions have soared 99%."We have had to take some very difficult decisions over our less visited branches,"