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Tag: Direct

2,000 jobs at risk as Shop Direct closes three sites

2,000 jobs at risk as Shop Direct closes three sites

Business
Shop Direct has announced it is closing three sites in Greater Manchester, impacting nearly 2,000 jobs.The online retailer, which owns Very.co.uk and Littlewoods.com said it will shut its sites in Shaw, Little Hulton and Raven from mid-2020 onwards.It follows a review by the firm which found the sites have "limited accessibility, layout and loading restrictions", and no longer meet the group's "operational ambitions".It puts the jobs of its 1,177 permanent staff there, plus 815 agency workers, at risk."Redundancies are anticipated as a result of the site closures," Shop Direct said.The move forms part of the company's plans to move operations to a new £200m automated warehouse in the East Midlands.Derek Harding, interim boss of Shop Direct, said: "This is a tough day for the business and w
Australia-UK: First direct flight takes 17 hours

Australia-UK: First direct flight takes 17 hours

Business
The first non-stop flight between Australia and the UK has landed at London.Qantas 9 (QF9) landed at Heathrow's Terminal 3 just after 5am - 17 hours after departing from Perth on Australia's west coast.Image:The Qantas 787 Dreamliner took off from Perth in AustraliaThe Boeing 787-9 Dreamliner completed the journey of around 9,000 miles to touch down two minutes earlier than scheduled.Previously the flight had to stop in either Singapore or the Middle East but cutting out those stopovers slashed roughly three hours from the previous flight time.The Qantas flight is the world's second-longest, after a Qatar Airways service between Doha and Auckland, which covers 9,028 miles.Qantas said on Twitter that the flight was led by Captain Lisa Norman, Captain Jeff Foote, First Officer Dave Summergre...
Union Bank says has $45 mln direct exposure to Nirav Modi, Gitanjali firms

Union Bank says has $45 mln direct exposure to Nirav Modi, Gitanjali firms

Finance
Union Bank of India has direct credit exposure of about Rs 120 crore ($ 18.4 million) to companies controlled by jeweller Nirav Modi, and another Rs 175 crore ($ 26.9 million) to Gitanjali group of companies, its chief executive told Reuters on Friday. Companies belonging to Modi and his uncle Mehul Choksi, who heads the Gitanjali group, have been accused by Punjab National Bank of defrauding the bank of over $ 2 billion. The bank alleges firms controlled by the duo colluded with rogue PNB staff to secure fraudulent guarantees that were used to raise credit from overseas branches of Indian banks. Both Modi and Choksi have denied wrongdoing, and so have two key accused PNB employees in the case, which has so far led to 19 people being arrested. The latest Union Bank figures are separate fro...
Sports Direct under fire over £11m 'owed to Mike Ashley's brother'

Sports Direct under fire over £11m 'owed to Mike Ashley's brother'

Business
Sports Direct shareholders have criticised the retailer's decision to ask investors to approve an £11m payment to the brother of founder Mike Ashley.Royal London Asset Management said the retailer had given "no evidence or detail explaining why" the sum was owed to John Ashley.It would vote against the payment as it was a "consequence of poor governance".The fund manager has a 0.18% stake in Sports Direct worth about £3.7m.Ashley Hamilton Claxton, Royal London's head of responsible investment, said: "If appropriate governance measures were in place at Sports Direct in the first place, there would have been a clear and transparent process for paying John Ashley what he was due and there would be no need to review his compensation after the fact."Investors need to see a plausible reason as t
JJ Abrams to direct Star Wars: Episode IX

JJ Abrams to direct Star Wars: Episode IX

Entertainment
JJ Abrams, who launched the new era of Star Wars films with The Force Awakens in 2015, is returning to the series as director of Star Wars: Episode IX.Lucasfilm president Kathleen Kennedy said "JJ delivered everything we could have possibly hoped for" in the earlier instalment, and she was excited he was returning to "close out this trilogy".Abrams replaces Colin Trevorrow, who dropped out of the film last month.Meanwhile the release has been delayed by six months, to December 2019.The announcement was made on Twitter by Walt Disney Studios, which owns Lucasfilm, on Friday.Chris Terrio will co-write the ninth instalment with Abrams. He won an Oscar for writing Argo in 2013 and his other scripts include Batman v Superman: Dawn of Justice and the forthcoming Justice League.Analysis - Lizo Mz...