UK furniture chains secure crucial loan

Image copyright BensonsImage caption Steinhoff owns Bensons for Beds in the UK Harveys and Bensons for Beds have secured a key investment originally due to come from their scandal-hit parent, South Africa’s Steinhoff. The furniture brands said the two-year loan would enable both businesses and their three UK factories to expand. Steinhoff also owns other…

DJ Khaled signs up for Weight Watchers

Image copyright Getty ImagesImage caption DJ Khaled says he has lost 20 pounds with Weight Watchers Weight Watchers shares have gained after naming DJ Khaled as its new social media ambassador. The American music producer will be documenting his weight loss on his social media channels. Khaled Mohamed Khaled, better known as DJ Khaled, tweeted…

TPP: Could UK really join Pacific trade group?

Image copyright Getty Images Donald Trump abandoned a Pacific trade group not long after getting to the White House. But could the UK now be eyeing it up? Britain is reportedly exploring joining the Trans Pacific-Partnership (TPP), as part of efforts to map out its trade future after Brexit. Ministers have held informal talks on…

Festive joy for Next as sales jump

Image copyright Getty Images Sales at Next have unexpectedly risen over the Christmas period, prompting the fashion retailer to raise its profit forecast. Cold weather boosted trade ahead of Christmas, sending full-price sales up 1.5% – far better than the 0.3% fall it had expected. A 13.6% rise in online sales offset a 6.1% decline…

US blocks sale of Moneygram to China’s Ant Financial

Image copyright Getty ImagesImage caption Ant Financial is the digital payments arm of e-commerce giant Alibaba The US has blocked the $1.2bn (£880m) sale of money transfer firm Moneygram to China’s Ant Financial, the digital payments arm of Alibaba. It is the highest profile Chinese deal to be rejected by Washington since Donald Trump came…

Spotify sued over songwriter rights

Image copyright Getty ImagesImage caption The Black Keys Spotify has been hit with a lawsuit that accuses the streaming service of infringing the rights of songwriters and publishers. Wixen Music Publishing is seeking damages of at least $1.6bn (£1.18bn) – $150,000 for more than 10,000 songs. The California company represents artists that include Janis Joplin,…

UBS Libor ‘chats were company policy’

Image copyright Getty Images Practices for which some traders have been prosecuted, jailed or banned were company policy at the Swiss bank UBS, a court has heard. UBS staff were expected to take into account the bank’s commercial interests when setting the benchmark Libor rate, the High Court was told. Lawyers for former trader Arif…