News roundup—14th July 2008

News roundup—14th July 2008

“FedEx is in preliminary talks to acquire
TNT, its smaller Dutch rival, in a deal that would bolster
the package-delivery company’s parcel network throughout
Europe,” reports the Financial Times.

Retailer/cataloguer Fat Face posted a 16.3 per cent rise in annual sales,
to £126.4 million for the year ended 31st May; EBITDA rose
2.3 per cent, to £26.6 million. The company, which sells
activewear and casual apparel, added that “current
trading is broadly in line with budget with sales in June 17
per cent ahead of last year”. Fat Face opened 12 new
stores last year, bringing its total to 143.

A court dismissed charges of fraud against Goldshield
Group, which sells healthcare products direct to consumers as
well as to the NHS, and four other companies. The five firms were
accused of overcharging the NHS for generic medicines. According
to the Financial Times the “collapse of the
£25 million investigation is another blow for the Serious
Fraud Office, which has been pursuing the case for more than
eight years”.

The finance and retail director of cataloguer/retailer
Lakeland told the Westmoreland Gazette that “we are
quietly pleased with how we are doing”. The homewares
company is seeking employees for several stores and its
customer service and distribution centres. profiles Angus Thirlwell,
cofounder and managing director of Hotel Chocolat.


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