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Capita shares have plunged over 40% after the outsourcing firm warned on profits and announced a major shake-up.New chief executive Jonathan Lewis said the company had become "too complex" and "driven by a short-term focus" and needed to change...
As many as 20 Byron outlets will close in a rescue plan for Byron, the struggling burger chain, approved by lenders and landlords. Simon Cope, Byron chief executive, said the company voluntary arrangement meant "a number" of restaurants would...
The British property company which transformed London’s Docklands into a world-leading financial hub is to play a key role in the development of a Chinese city that will ultimately dwarf Paris. Sky News has learnt that Canary Wharf Group (CWG)...
Coca-Cola is planning to close two of its UK sites which could result in the loss of almost 300 jobs. The proposal would affect a distribution centre in Northampton and a manufacturing site in Milton Keynes. A company statement said: "We...

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Media playback is unsupported on your device Pity today's clothes. Like unloved toys, they're...
Byron, the struggling burger chain, has won the approval of landlords and creditors for a rescue plan that aims to shut 20 restaurants and slash rental costs. Hundreds of jobs were placed in jeopardy earlier this month when Sky News...
There are a number of ways at looking at today's profits warning from Capita and the shock fund raising that has accompanied it. The first is that this is textbook stuff from an incoming chief executive. Jon Lewis, who has only...
Japanese technology firm Fujifilm is to cut 10,000 jobs by 2020 at its Fuji Xerox subsidiary saying it faces an "increasingly severe" market.It is also plans to take a majority stake in Xerox and combine the US company into...
Marks and Spencer is planning to close 14 stores and cut hundreds of jobs.Six shops will close by April, including Birkenhead, Bournemouth and Durham. Staff have been offered jobs in nearby stores.The closure of another eight shops has been...
Up to 30,000 free-to-use cash machines - 45% of the UK total - are on course to disappear over the next five years amid cuts in fees received by operators, it is being claimed. According to the ATM Industry Association...
What are the top sandwich franchises to own? A selection of tasty ingredients bookended by slabs of bread, the sandwich is one of the most popular dishes in the UK. According to British Sandwich Week, between us we manage to...
UK car production fell last year for the first time since the height of the recession in 2009, industry figures show. The figures from the Society of Motor Manufacturers and Traders (SMMT) revealed 1.67 million vehicles rolled off production lines...
Bank of England governor Mark Carney has called for an end to the use of RPI - the discredited inflation measure still used to calculate rail fare hikes and student loan interest payments. Mr Carney told peers he wanted the...
The British arm of TGI Fridays is being put on the menu of prospective buyers amid a steep downturn which has hit much of the casual dining sector. Sky News has learnt that Electra Private Equity is calling in City...
Royal Bank of Scotland boss Ross McEwan has admitted that a past claim its controversial restructuring unit turned around the vast majority of small businesses it worked with was not true. The bank chief executive spoke as he and chairman...
The advantages of buying a franchise Purchasing a franchise is a great way to start a business without having to build it from the ground up. In the UK today, there are thousands of different franchise opportunities covering a range...

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