Postal workers to stage 24-hour walkout

Britain is facing its first national postal strike for 11 years after the Communication Workers Union called a one day stoppage a week tomorrow following the breakdown of talks over pay and Royal Mail’s modernisation plans. The stoppage will hit postal services, Crown post offices and Royal Mail’…

Currys group decides Russia will not be its Eldorado

Currys and PC World group DSG, formerly Dixons, yesterday abandoned a plan to buy a Russian electricals retailer after a review of other companies in the country. DSG’s chief executive John Clare had an option to take control of Eldorado, Russia’s biggest electricals retailer – but had to put up …

DSG suffers ‘disappointing’ year

Electrical retailer DSG admitted this morning that it had suffered a disappointing year, after overseas problems dented its profits. The company, which runs Currys and PC World, has also abandoned plans to buy Eldorado, Russia’s largest electrical retail chain. Instead, it will return cash to sha…

AEG & Zanussi Dishwasher Safety Recall Notice

Owners of these appliances must act immediately on this safety notice Our quality control program has identified that a purchased connector component presents a potential risk of fire in some series of AEG ELECTROLUX and ZANUSSI ELECTROLUX dishwashers. No product bought before July 2006 is affect…

MFI owner turns its viewfinder on Jessops

Merchant Equity Partners, the private equity owner of MFI, the furniture retailer, is considering a bid for Jessops, the struggling camera retailer. News of Merchant’s interest comes as Jessops prepares to announce the closure of 80 stores this week as part of a strategic review.

European Aspirations For The Hotpoint Name

White goods giant Indesit Company is taking its popular UK brand Hotpoint to Europe in a reversal of the established trend for introducing continental and global brands to the UK. The Italian-owned manufacturer, formerly Merloni Elettrodomestici, will initially launch Hotpoint as a dual brand con…

Smith and Fagor Form Company to Manufacture Boilers in China

A. O. Smith (China) Investment Co., Ltd., and Fagor Electrodomesticos, S. Coop. have signed an agreement to jointly invest in a new company to manufacture residential wall-hung gas combination boilers in China. The new company, Fagor – A. O. Smith (Nanjing) Combi Boiler Co., Ltd., will occupy a f…

Ikea shines low-energy light on environmental concerns

How many Ikea employees does it take to change a light bulb? Nearly 10,000, but the light bulbs will have to be low energy and supplied free of charge. As part of its strategy to improve its environmental credentials, the Swedish furnishing group plans to give each of its 9,600 British employees …