News roundup—11th March 2009

News roundup—11th March 2009

Opposition to the part-privatisation of Royal Mail is making
it difficult to find a firm to buy a stake, business secretary
Lord Mandelson told the House of Lords yesterday. Quoted in the
Guardian he said: “The shrill nature of
some of the current debate is making it harder to make this
case to potential partners.”

Lord Mandelson stressed that Royal Mail needs private
investment to help fund and drive through much needed
modernisation. However, as many as 144 Labour MPs oppose the
bill including Lord Clarke of Hampstead a former post union
leader, who according to the BBC said he would fight the bill “to the last”.

Cornwall-based Celtic Sheepskin, which specialises in
sheepskin footwear, clothing and homewares, announced a 19
per cent increase in turnover in the last six months compared with
the same period last year. Director Nick Whitworth was quoted on as saying: “To
have achieved this growth in the teeth of recession without
resorting to any discounting is testimony to the quality of our
products, the loyalty of our customers and our strategy of
pursuing new markets at home and overseas.”

Shop Direct has launched an investigation with one of
its suppliers after seven medicinal capsules were found in a
box despatched to a customer who’d ordered a lampshade.
Speaking to the Livepool Echo, a Shop Direct spokesperson
said the goods were delivered directly from the manufacturer,
without entering the Shop Direct warehousing operation.


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